Macau’s GDP rises 28.9 pct in first half of 2007

30 August 2007

Macau, China, 30 Aug – Macau’s Gross Domestic product (GDP) rose 28.9 percent in the first half of the year and 31.9 percent in the second quarter in real terms, the Statistics and Census Bureau said in Macau Thursday.

The Bureau also said that GDP growth for the first quarter had been revised to 25.9 percent.

In 2006, Macau’s GDP posted growth of 16.6 percent.

As compared to the same period of 2006, in the second quarter of 2007 total gaming revenues rose 48.9 percent, and visitor spending excluding gambling rose 14.2 percent and investment rose 44.4 percent.

The only fall was seen exports of goods, which fell 5.9 percent in the period.

The growth of 44.4 percent in investment, which was higher than the 41.5 percent posted in the first quarter, was due to investments made by the private sector, which rose 49.9 percent as public sector investment fell 20.0 percent, the Bureau said. (macauhub)