Macau’s gross domestic product grew 10.3 percent year on year in real terms in the first quarter of the year, the Statistics and Census Bureau (DSEC) announced yesterday.
A DSEC statement attributed the return to double-digit growth to the “improving exports of services and investments, as well as a relatively lower base of comparison in the first quarter of last year.”
External demand continued to expand, pushing up exports of services by 13.4 percent, in which exports of gaming services and other tourism services grew 11.3 percent and 20.9 percent year on year respectively. Exports of goods, mostly re-exports, rose 9.7 percent. Domestic demand, investment and imports of goods also increased.
