Macau's gross domestic product rose by 32.9 percent year-on-year in real terms in the third quarter of this year, the Statistics and Census Bureau (DSEC) has announced.
Today's DSEC statement pointed out Macau's economy "has shown positive growth for two consecutive quarters." In the second quarter, GDP grew by 68.8 percent year-on-year, whereas in the first quarter it fell by 1.6 percent year-on-year, according to previous DSEC data. In 2020,GDP declined by 56.3 percent.
In the third quarter of this year, GDP stood at 55.4 billion patacas at current prices. It stood at 61.8 billion patacas in the second quarter and at 58.3 billion patacas in the first quarter.
Exports of services increased by 181.3 year-on-year in the third quarter, driven by a rebound in the number of visitor arrivals. Exports of gaming services and other tourism services soared by 302.6 percent and 303.3 percent respectively.
The statement underlined that ''the pick-up in exports of services drove up imports of goods.'' Imports and exports of goods recorded respective growth of 43.7 percent and 51.4 percent year-on-year.
Visitor arrivals surged by 143.6 percent year-on-year.
In the first three quarters of this year, GDP rose by 27.5 percent in real terms.
