Gaming-fueled Macau economy at its fastest pace since 2013

Macau’s economy has come roaring at its fastest pace in 2017, spurred by a robust gambling activity in the former Portuguese enclave.

Data from Macau’s Statistics and Census Service (DSEC) showed that Macau’s gross domestic product jumped 9.1 percent to MOP404.2 billion (US$50.06 billion) while per-capita GDP amounted to MOP622,803 (US$77,596).

It was the first time that Macau’s registered a high GDP growth since 2013, when the city’s economy grew 11.2 percent. DSEC attributed Macau’s stellar economic performance to the rise of its total exports and services, which included the gaming services in China’s special administrative region.

DSEC reported that Macau’s total exports and services climbed 15.4 percent while exports of gaming services and other tourism services went up by 16.4 percent and 15.4 percent respectively. Moreover, exports of goods rose by 12.3 percent.