Macau’s GDP is expected to grow by 10.3% in real terms in 2024, recovering to 90% of 2019 levels according to Macau’s Secretary for Economy and Finance, Lei Wai Nong.

Lei’s comments at an event on Monday come after the Statistics and Census Service revealed a total of 2,861,609 visitor arrivals to Macau January, representing a year-on-year increase of 104.7%. There were also 1,357,803 arrivals recorded during the recent eight-day CNY Golden Week holidays, exceeding the same period in 2019.

From 1 January to 18 February, total cumulative visitor arrivals have reached 5,295,605, with a daily average of 108,074, recovering to 88.2% of the same period in 2019.