Macau’s GDP posts real growth of 49.1 pct in 2nd quarter

8 September 2010

Macau, China, 8 Sept – Macau’s Gross Domestic Product (GDP) posted real growth of 49.1 percent in the second quarter of the year, the Statistics and Census Bureau said in Macau Tuesday.

The bureau also said that GDP for the first quarter had been revised from 30.1 percent to 31.4 percent growth, with GDP in the first half posting real growth of 40.2 percent.

In the second quarter of the year, gross gaming revenues were particularly important to GDP growth, as they rose 76.5 percent year on year, as was total visitor expenditure, excluding gaming, which rose 30.9 percent (as compared to growth of 14.3 percent in the first quarter).

Exports fell by 7.5 percent in the second quarter (as compared to a fall of 12.8 percent in the previous quarter) and gross fixed capital formation, or investment, fell 30.9 percent (minus 38 percent in the first quarter).

Private spending rose 6.6 percent in the second quarter, which was more than the 2.3 percent growth posted in the previous quarter, and public spending rose 5 percent, as compared to a fall of 1 percent seen in the first quarter of the year. (macauhub)

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