Cultural industries record growth in 2023

I 2023, Macau’s cultural industries saw significant growth, with 2,866 organizations operating across four key sectors: digital media, creative design, cultural exhibitions and performances, and art collection.

This marked an increase of 112 organizations from the previous year.

The workforce in these sectors also expanded to 13,976, reflecting a 15.3% rise. The government’s initiatives to foster cultural development, alongside the local economy’s gradual recovery, contributed to a 47.9% increase in total service receipts, which reached MOP8.72 billion.

Compared to 2019 figures, this represents a 10% growth.

All cultural sectors experienced substantial increases in service receipts.

Notably, the digital media sector accounted for the largest share at 43.3%, with receipts rising 23% to MOP3.78 billion. However, its gross value added (GVA) fell 4.8% due to rising operational costs.

The creative design sector followed closely, contributing 28.3% of total receipts with a 22.6% increase to MOP2.47 billion and a GVA of MOP843.3 million.

Cultural exhibitions and performances experienced extraordinary growth, with receipts soaring by 214.6% to MOP2.35 billion.

Lastly, art collection sector receipts increased 85.1% to MOP125.8 million but saw a decrease in GVA due to higher expenses. Staff Reporter

Cultural industries record growth in 2023

Cultural industries record growth in 2023

Cultural industries record growth in 2023

Cultural industries record growth in 2023

Cultural industries record growth in 2023