Macau’s gross domestic product (GDP) expanded by 11.5 percent in the second quarter on the back of a robust gambling business in the former Portuguese enclave.
Data released by Macau Statistics and Census showed that Macau’s GDP during April to June 2017 period was at MOP95.06 billion (US$11.78 billion), the fourth consecutive quarter of growth. The data, which was released last week, was also higher compared to the previous quarter.
Macau attributed the GDP expansion to the increases in exports of services and private consumption. Exports of services grew by 18.8 percent year-on-year, thanks to exports of gaming services and other tourism services.
Both sectors grew by 19 percent and 22.1 percent, respectively, according to the statistics bureau.