Macao GDP Annual Growth Rate

Last Release

Jun 30, 2025

Actual

5.1

Units In

-1.3

Frequency

Quarterly

Next Release

Nov 18, 2025

Time to Release

1 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
117.5 Jun 2023	-66.3 Jun 2020	8.54 %	2002-2025	N/A

Macau, a former Portuguese colony, has become a special administrative region of China since 1999. After opening of its borders to Chinese citizens and liberalization of the gaming industry in 2001, it has become the world’s largest casino market. As a result, gaming accounts for 50 percent of GDP, 84 percent of fiscal revenues and around 21 percent of the workforce. Given Macau’s semi-autonomous status inside China, large gaming industry and relaxed tax laws, it has become a base for wealthy investors especially from Mainland China. Attempts to diversify the economy while limiting casino growth have been fairly unsuccessful.

Latest Updates

Macau’s economy grew by 8% year-on-year in Q2 2025, in line with preliminary estimates from 5.1% in the previous quarter. Exports of services advanced 10.5%, driven by a 13.6% increase in visitor arrivals, with gains in other tourism services (7.4%) and gaming services (14.3%). Government spending rose by 2.7%, while consumer spending inched up 0.8%. Trade also contributed positively to the economy, with goods exports increasing by 4.5% and services exports advancing by 10.5%. Meanwhile, gross fixed capital formation dropped by 26.1%, reflecting a slowdown in both private and government construction investment projects. For the first three quarters of 2025, Macau’s GDP expanded by 4.2%.