exterior of modern luxury hotel complex at night

Macau’s Economy Surges by 117.5% in Q2/2023, Fueled by Tourism and Casinos

The latest data released by the Bureau of Statistics and Census (DSEC) highlights a remarkable upswing in Macau’s gross domestic product (GDP) during Q2/2023. With a staggering growth rate of 117.5% year on year, this quarter witnesses the most substantial expansion since Q2/2021.

The figures underline the continued resurgence of Macau’s economy, propelled by the resounding success of its tourism and casino sector. This positive momentum has played a pivotal role in driving economic recovery.

During the initial half of 2023, Macau’s GDP exhibited a noteworthy year-on-year growth of 71.5%. Moreover, the overall economic output of Macau has impressively rebounded to 71.0% of the levels recorded during the first half of 2019.

These exceptional statistics underscore Macau’s enduring efforts to rebound from the challenges of recent times, while also serving as a testament to the resilience of its economy, particularly within the domains of tourism and gaming. As the region progresses towards a more vibrant economic landscape, these trends offer insights into the factors shaping Macau’s trajectory in the months ahead.

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