The Macau SAR Government said Friday it expects to increase the contribution of non-gaming industries to Gross Domestic Product (GDP) to 60% by 2028, meaning gaming will fall to 40%. Non-gaming employment would be maintained at 80%.
On a day in which it outlined its comprehensive “Development plan for the appropriate diversification of the economy (2024 – 2028)”, the GDP issue highlighted the government’s determination to reduce reliance upon the gaming industry. Gaming contributed 50.9% to GDP in 2019 although that figure dropped to 25.8% in 2022 with the pandemic significantly impacting leisure and tourism businesses.