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Macau GDP up 11.5% in first three quarters of 2024

November 18, 2024 · 2:30pm ET | 11:30am PT
  • Pierce Chan, Inside Asian Gaming

Macau’s Gross Domestic Product (GDP) stood at MOP$301 billion for the first three quarters of 2024, up 11.5% year-on-year in real terms as the overall economy recovered to 86.3% of its 2019 level during the same period.

According to the Statistics and Census Service (DSEC), GDP mainly benefited from an 11.4% increase in Macau’s exports of services.

Of this increase in overall exports of services, exports of gaming services increased by 28.4% while exports of other tourism services fell by 6.1% due to a higher base last year, resulting in an increase of nearly 15% in overall exports of services compared with the same period in 2019.

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