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

2 Months 17 Days 9 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 5.1% year-on-year in Q2 2025, in line with preliminary estimates and rebounding from a 1.3% contraction in the previous quarter. This marked the strongest growth since Q2 2024, driven primarily by a 6.0% rise in exports of services, supported by a nearly 20% increase in visitor arrivals, with gains in other tourism services (+5.9%) and gaming services (+9.9%). Government final consumption expenditure rose 1.0%, while private consumption edged up 0.3%. However, growth was partially offset by a 3.7% decline in gross fixed capital formation, reflecting a slowdown in private construction projects. Trade also weighed on the economy, with goods exports down 6.6% and imports falling 4.1%. For the first half of 2025, GDP expanded 1.8% year-on-year, decelerating sharply from a 15.7% gain in the same period of 2024.