Macau’s exports of gaming services increased 14.3 percent year-on-year in the third quarter of 2025, emerging as one of the main contributors driving the city’s GDP growth during the summer tourism peak, according to data released by the Statistics and Census Service (DSEC).
The strong performance helped push total service exports up 10.5 percent during the period.
The DSEC reported that Macau’s GDP expanded 8 percent in real terms to MOP103.86 billion ($12.98 billion) in the July–September quarter, supported by a 13.6 percent rise in visitor arrivals. Overall economic output reached 92.6 percent of the level recorded in the same period of 2019, extending the city’s recovery momentum.
Gaming services led the service-export segment, while exports of other tourism services rose 7.4 percent. Merchandise trade showed mixed results, with exports of goods increasing 4.5 percent and imports declining 6.5 percent year-on-year.
Domestic demand posted modest gains, with government final consumption expenditure rising 2.7 percent and private consumption up 0.8 percent. Gross fixed capital formation, however, fell sharply by 26.1 percent due to reductions in private and public construction activity.
For the first three quarters of 2025, Macau’s GDP grew 4.2 percent year-on-year to MOP301.33 billion ($37.67 billion), returning to 88.4 percent of the level in the same period of 2019. During this period, exports of services increased 3.6 percent, while government and private consumption rose 1.8 percent and 1.2 percent respectively.
The GDP implicit deflator declined 1.1 percent to 98.8, indicating slight price decreases.
