Macau’s gross domestic product rose 38.8 percent year on year in real terms in the first quarter of this year, the Statistics and Census Bureau (DSEC) announced yesterday.
A DSEC statement attributed the increase to a string of “positive factors” such as the relaxation of border control measures, the full resumption of passenger travel between Hong Kong and Macau, and the resumption of group tours from the mainland to Macau.
The statement pointed out that Macau’s 2023 first-quarter economic output reached 66.4 percent of its level in the same quarter of 2019.
According to the statement, exports of gaming services and those of other tourism services grew by 100.0 percent and 72.9 percent respectively, bringing exports of services up by 71.5 percent year on year, while imports of services grew by 24.0 percent.
