Macau government expects gaming industry’s GDP contribution to fall to 40% by 2028

Macau government expects gaming industry’s GDP contribution to fall to 40% by 2028

Article brief provided by Inside Asian Gaming
  • Pierce Chan, Inside Asian Gaming
August 4, 2023 3:12 PM
  • Pierce Chan, Inside Asian Gaming

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%.

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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.