GDP up 11.5%, surpasses pre-pandemic levels

Macau’s economic recovery has reached a significant milestone, with gross domestic product (GDP) expanding 11.5% year-on-year in real terms during the first three quarters of this year.

Domestic demand also demonstrated resilience, with private consumption expenditure swelling 5.8% year-on-year.

The association cited cooling demand from mainland China as a factor, with visitor arrivals now expected to reach only 85% of the record-breaking 2019 levels in the second half of the year.

GDP up 11.5%, surpasses pre-pandemic levels

GDP up 11.5%, surpasses pre-pandemic levels

GDP up 11.5%, surpasses pre-pandemic levels

GDP up 11.5%, surpasses pre-pandemic levels

GDP up 11.5%, surpasses pre-pandemic levels