In 2024, Macau's annual retail sales decreased by 14.9% year-on-year to 71.99 billion Macau dollars.

On February 26, data from the Statistics and Census Bureau of Macao showed that the retail sales in the full year of 2024 decreased by 14.9% year-on-year to 71.99 billion Macao Patacas. The retail sales for the fourth quarter of 2024 were 18.51 billion Macao Patacas, an increase of 11.6% compared to the revised sales for the third quarter (16.59 billion Macao Patacas); but a decrease of 8.6% year-on-year. Among the major retail sectors, in 2024, the sales of watches and jewelry, leather goods, and department stores decreased by 25.3%, 22.6%, and 18.6% respectively; supermarkets (-0.2%) remained similar to 2023, while the sales of automobiles rose by 16.1%. In terms of the sales volume index, the average index of sales volume for the full year decreased by 18.7% year-on-year, with significant declines seen in watches and jewelry (-34.9%), leather goods (-24.2%), and department stores (-20%); while automobiles (+16.3%) saw an increase. In the fourth quarter of 2024, retail sales decreased by 8.6% year-on-year, with sales of watches and jewelry, leather goods, department stores, and Chinese food souvenirs decreasing by 21.1%, 16.7%, 11.7%, and 10.7% respectively, while the sales of automobiles and communication devices increased by 17.1% and 12.5% respectively. The sales volume index for the fourth quarter decreased by 10.6% year-on-year, with significant declines seen in watches and jewelry (-33.7%), leather goods (-16%), Chinese food souvenirs (-12.5%), and department stores (-10.9%); while automobiles (+16.5%) and communication devices (+12.5%) recorded growth. Regarding the opinions of retail merchants, 54.4% of merchants expect a decrease in sales volume in the first quarter of 2025 compared to the same quarter last year, while 39.1% believe sales volume will remain the same, and 6.5% expect an increase. Additionally, 57.3% of merchants predict that sales prices will remain at the same level as the first quarter of 2024, 34.4% believe prices will decrease, and 8.3% expect an increase. Compared to the fourth quarter of 2024, around 55.7% of merchants anticipate a weaker business performance in the first quarter of 2025, 37.6% expect stability, and 6.7% envision an ideal situation.