The Economic Services Bureau (DSE) has finished a study on how Macau should reposition itself in the development of its industrial sector, according to a statement from the bureau yesterday.
Macau’s industrial sector consists of manufacturing, public utilities (electricity, gas and water supply), plus mining and quarrying. According to the Statistics and Census Bureau (DSEC), mining and quarrying are a negligible part of the city’s industrial sector.
The city’s manufacturing sector was once a major part of the local economy, but it has seen a substantial decline in output since the 1990s. According to the Statistics and Census Bureau, the manufacturing sector accounted for 13 percent of gross domestic product (GDP) in 1991. The share stood at more than five percent shortly before the rapid development of the gaming sector took off in the early 2000s, before dropping to a mere 0.6 percent in 2015.
This handout photo released by the Economic Services Bureau (DSE) yesterday shows DSE officials during a meeting with senior members of the Macau Industrial Association at the latter’s office on Friday.
