Macau’s GDP increased by almost 50 percent

Macau’s Gross Domestic Product (GDP) for the second quarter of 2010 expanded by 49.1 percent in real terms year-on-year, to MOP48.1 billion (US$6 billion). Meanwhile, economic growth for the first quarter was revised upward from 30.1 percent to 31.4 percent in real terms. For the first half year of 2010, GDP grew by 40.2 percent in real terms. The numbers were positively affected by the favourable performance of the gaming and tourism sector, with gross gaming revenue (excluding gratuities) soaring by 76.5 percent year-on-year in nominal terms, and total visitor spending (excluding gaming expenses) rising 30.9 percent.