Macau’s GDP rises 25.6 percent in first quarter

31 May 2007

Macau, China, 31 May – Macau’s Gross Domestic Product (GDP) posted real growth of 25.6 percent in the first quarter of 2007, the Statistics and Census Bureau said in Macau Thursday.

According to the Bureau, the Gaming and Gambling sector continued to have a “favorable” performance with total revenues, excluding tips, rising 43.5 percent against the same period of 2006.

Visitor spending is estimated to have risen 16 percent – excluding spending on gaming – driven by “increases in the number of visitors and respective per-capita spending.”

The construction of several large developments has pushed a rise in investment of 38.1 percent, while goods exports fell by 8.5 percent.

In 2006, Macau’s GDP rose 16.6 percent in real terms, reaching an overall value of 114.36 billion patacas and 227,508 patacas per capita. (macauhub)