Macau’s GDP posts real growth of 18.4 pct in 1st quarter

31 May 2012

Macau’s Gross Domestic Product (GDP) posted real growth of 18.4 percent in the first quarter of this year, against the same period of 2011, driven by gaming, investment, and the low figure posted for the same period of the previous year, the Statistics and Census Bureau said in Macau.

The Bureau noted that in the first quarter gaming services exports increased by 19.6 percent, total expenditure by visitors (excluding gaming and gambling) rose 21.2 percent and overall investment grew 43.8 percent.

The implicit GDP-deflator in the first quarter of this year, which measures overall inflation, rose 7.7 percent against the same quarter of 2011, the Bureau said.

Gross fixed capital formation, which indicates investment, posted a significant increase against the previous quarter of 15.8 percent, private sector investment rose 21.3 percent and public sector investment rose 449.8 percent due to the construction of the new facilities of Macau University and social housing. (macauhub)