Macau's GDP shrank 1.8 percent year-on-year in Q2 2019, after a 3.2 percent contraction in the prior period. It was the second straight quarterly decline, as fixed investment continued to slid (-25% vs -31.7% in Q1), owing to a 30.1% fall in construction investment. Public investment in construction plunged 51.6%, as a result of the relatively high comparison basis due to the huge investment launched by the government in the same period last year in the completion of the Hong Kong-Zhuhai-Macau Bridge Artificial Border Island. Also, private investment slid by 19.3% on lower investment in large-scale construction projects and a drop in number of new residential projects. Meantime, total exports fell (-0.3% vs -0.4%), dragged down by goods (-24.4%) and gaming services (-0.8%). Total imports also slumped (-4.6% vs -5.0%), namely goods (-0.8) and services (-13.7%). In contrast, private consumption (2.2% vs 2.1%) and government spending (5.7% vs 4.1%) advanced faster. GDP Annual Growth Rate in Macau averaged 8.54 percent from 2002 until 2019, reaching an all time high of 54.30 percent in the second quarter of 2004 and a record low of -24.60 percent in the second quarter of 2015.

GDP Annual Growth Rate in Macau is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Macau to stand at 3.10 in 12 months time. In the long-term, the Macau GDP Annual Growth Rate is projected to trend around 3.60 percent in 2020, according to our econometric models.

Macau GDP Annual Growth Rate
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-21 07:30 AM GDP Growth Rate YoY Q3 1.6% 5.9% 5.9%
2019-02-28 10:25 AM GDP Growth Rate YoY Q4 2.1% 1.9% 2.5%
2019-06-03 07:20 AM GDP Growth Rate YoY Q1 -3.2% 2.1% 2.3%
2019-08-24 03:00 AM GDP Growth Rate YoY Q2 -1.8% -3.2% 2.5%
2019-11-21 04:30 AM GDP Growth Rate YoY Q3 -1.8% 2.7%

Macau GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.80 -3.20 54.30 -24.60 percent [+]
GDP 54.55 50.56 55.35 1.12 USD Billion [+]
GDP Constant Prices 101564.00 102581.00 134453.00 26210.00 MOP Million [+]
Gross Fixed Capital Formation 13372.00 12663.00 26674.00 1108.00 MOP THO [+]
GDP per capita 58054.10 56249.70 71992.00 16452.90 USD [+]
GDP per capita PPP 108831.30 105448.70 134960.10 40380.40 USD [+]
Gross National Product 366753.70 332584.20 388120.70 95974.40 MOP Million [+]

Macau GDP Annual Growth Rate

Macau, a former Portuguese colony, has become a special administrative region of China since 1999. After opening of its borders to Chinese citizens and liberalization of the gaming industry in 2001, it has become the world’s largest casino market. As a result, gaming accounts for 50 percent of GDP, 84 percent of fiscal revenues and around 21 percent of the workforce. Given Macau’s semi-autonomous status inside China, large gaming industry and relaxed tax laws, it has become a base for wealthy investors especially from Mainland China. Attempts to diversify the economy while limiting casino growth have been fairly unsuccessful. This page provides - Macao GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Macau GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -3.20 54.30 -24.60 2002 - 2019 percent Quarterly

Country Last Previous
China 6.20 Jun/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
Spain 2.30 Jun/19
United States 2.30 Jun/19
Netherlands 2.00 Jun/19
South Korea 2.00 Jun/19
Saudi Arabia 1.70 Mar/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
Euro Area 1.20 Jun/19
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Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
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Germany 0.40 Jun/19
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Singapore 0.10 Jun/19
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Turkey -1.50 Jun/19
Argentina -5.80 Mar/19