Macau posts real GDP growth of 21.5 pct in 1st quarter of 2011

31 May 2011

Macau, China, 31 May – Macau’s Gross Domestic Product (GDP) posted real growth of 21.5 percent in the first quarter of the year, down almost 7 percentage points on the 28.4 percent growth posted in the fourth quarter of 2010, the region’s Statistics and Census Bureau said in Macau Friday.

The Bureau also said that the real rate of GDP growth for 2010 had been increased from 26.2 percent, to 26.4 percent.

GDP growth in the first quarter according to the Bureau was due to 36.1 percent growth in gaming revenues, of 2.6 percent in total visitor spending (excluding gaming), of 28.4 percent in investment and 12.6 percent in consumer spending.

Exports, on the other hand, fell by 6.7 percent in the period.

The implicit GDP-deflator in the first quarter of this year, which reflects changes in prices, rose 6.1 percent against the same quarter of the previous year. (macauhub)