Gaming drives Macau economy

Macau’s economic dependence on gaming further increased in 2010, according to data unveiled today by the Statistics and Census Bureau. In 2010, the relative importance of gaming to the territory’s gross domestic product soared by 8.9 percentage points year-on-year, to 40.9 percent. Macau is overall becoming more dependent on the tertiary sector, which saw its weight in the local economy increase to 92.6 percent in 2010 from 89.1 percent in the previous year. The relative importance of wholesale and retail to GDP rose to 7.0 percent from 5.9 percent a year before, while the hotel sector’s economic relevance went up by 0.3 percentage points to 4.6 percent. Meanwhile, the relative importance of the secondary sector to the GDP declined to 7.4 percent in 2010 from 10.9 percent a year before.