The Macao News . 6 March 2022. By staff reporter
Though economic situation “remained volatile” in 2021, Macao still has one of the highest GDP per capita in the world.
Macao’s gross domestic product (GDP) grew by 18 per cent year-on-year in real terms last year, but shrank by 4.4 per cent year-on-year in the last quarter, the Statistics and Census Bureau (DSEC) announced.
Exports of gaming services fell by 14.4 per cent in the fourth quarter of 2021, while exports of other tourism services rose by 8.9 per cent. Gross fixed capital formation decreased by 8.7 per cent. While the Covid-19 pandemic situation “remained volatile” in 2021, it “improved compared” to 2020, the statement read.
Total demand picked up last year with private consumption expenditure expanding by 7 per cent. Compensation of employees increased by 1.2 per cent, but net purchases of goods and services dropped by 1.1 per cent. See more
