Macau’s GDP posts real growth of 5.1 pct in 3rd quarter and 10 pct in first 10 months

3 December 2012

The Macau economy posted real growth of 5.1 percent in the third quarter of the year, the region’s Statistics and Census Bureau said, adding that the GDP deflator, which measures overall inflation, rose 6.4 percent year-on-year.

In the quarter economic growth was mainly driven by increased private spending (9.1 percent more) and investment (10.3 percent more) and total visitor spending (excluding gambling) rose 2.3 percent whilst exports of gaming and gambling services fell by 0.1 percent.

In the first three quarters Macau’s GDP posted real growth f 10.0 percent against the same period of 2011 and increases in GDP growth in the first and second quarters were revised to 18.5 percent and 7.8 percent, respectively.

The Statistics and Census Bureau also said that economic growth in 2010 and 2011 had been revised upwards to 27.5 percent and 21.9 percent, respectively. (macauhub)