Macau’s Gross Domestic Product plummeted by 33.4% year-on-year in the three months to 30 September 2022 as the city’s COVID wave and subsequent lack of visitors impacted the provision of gaming and tourism services.

According to information from the Statistics and Census Service (DSEC), Macau’s 18 June outbreak and resulting restrictions in the weeks that followed led to a 50.8% decline in visitor numbers, which in turn saw exports of services fall by 46.7% year-on-year.

Of those, exports of gaming services fell by 72.5% and tourism services by 45.9% – highlighting Macau’s reliance on its gaming and tourism industries.