Macao Statistics and Census Service: Macao's GDP for the second quarter grew by 5.1% year-on-year.

On August 15th, the Statistics and Census Service of Macao released the revised detailed results of the local Gross Domestic Product (GDP) for the second quarter. The data shows that due to a series of measures to attract tourists, the number of visitors to Macao in the second quarter of this year has significantly increased, along with stable overall private consumption, leading to the economic recovery of the Macao Special Administrative Region. The revised GDP for the second quarter of 2025 is 100.39 billion Macao patacas, a real growth of 5.1% year-on-year, with the overall economic scale recovering to 88.8% of the level in the same period in 2019. Analyzing the major components, overall service exports increased by 6.0% year-on-year in the second quarter, driven by a nearly 20% increase in visitors to Macao. Among them, other tourism service exports increased by 5.9%, and gaming service exports also saw a growth of 9.9%. In terms of goods trade, exports and imports in the second quarter fell by 6.6% and 4.1% respectively. In terms of domestic demand, government final consumption expenditure in the second quarter increased by 1.0% year-on-year, while private consumption expenditure increased by 0.3%. Furthermore, due to a decrease in private construction projects, total fixed capital formation fell by 3.7% year-on-year, while private equipment investment and government construction and equipment investment increased by 11.7%, 19.9%, and 83.0% respectively. The revised GDP for the first half of this year in Macao is 200.15 billion Macao patacas, a real increase of 1.8% year-on-year, with the economic total recovering to 87.0% of the level in the same period in 2019. Among the major components, service exports increased by 1.0% year-on-year, while government final consumption expenditure, private consumption expenditure, and total fixed capital formation saw increases of 1.1%, 0.3%, and 1.8% respectively. Additionally, the GDP of Macao, which measures overall price changes, contained a price deflator (99.0) that decreased by 0.5% year-on-year.