Macau’s gross domestic product (GDP) rose by 8.8 percent year-on-year in real terms to 403.3 billion patacas last year, the Statistics and Census Bureau (DSEC) has announced.
According to a DSEC statement on Friday, the overall economic output returned to 86.4 percent of the level in pre-pandemic 2019. Macau recorded its first COVID-19 case in January 2020.
Exports of services and domestic demand (including private consumption expenditure, government final consumption expenditure and investment) showed respective growth of 9.2 percent and 2.3 percent year-on-year.
Per-capita GDP, i.e., the average value of production of goods and services per population, stood at 587,922 patacas (US$73,154) in 2024, up by 7.6 percent year-on-year.
Exports of gaming services grew by 21.8 percent; however, exports of other tourism services dropped by 6.1 percent owing to a relatively high comparison base in the previous year, yet rose by 13.0 percent when compared to 2019.
