Macau’s Gross Domestic Product saw ‘steady progress’ in the fourth quarter of 2025, rising by 7.6 percent yearly to MOP115.39 billion ($14.24 billion).
According to preliminary figures from the Statistics and Census Service (DSEC), the overall economic output in the quarter amounted to 94.1 percent of that recorded in the same period in 2019.
A 15.4 percent increase in visitor arrivals helped boost the total export of services by 9.8 percent yearly in 4Q25. The DSEC also highlighted that the visitor increase was boosted by ‘numerous large-scale events’ and ‘government efforts to attract visitors’.
Domestic demand was lifted by a 1.1 percent increase in private consumption expenditure and a 1.3 percent increase in government consumption expenditure, whereas gross fixed capital formation saw a 0.9 percent yearly rise.
Looking at FY25, the preliminary GDP figure was up by 4.7 percent yearly, to MOP417.28 billion ($51.5 billion). The figure amounts to 89.6 percent of that registered in 2019, indicating that while tourist numbers hit a record during the year, topping 40 million, the city has not yet to reach the economic peak it saw before the pandemic.
