• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Gaming exports help Macau GDP grow by 18pct in 2021

Mar 04, 2022 Newsdesk Latest News, Macau, Top of the deck  


Gaming exports help Macau GDP grow by 18pct in 2021

Macau’s gross domestic product (GDP) grew by 18.0 percent year-on-year in real terms in full-year 2021, according to data from the city’s Statistics and Census Service. The city’s GDP for the whole of 2020 had contracted by 54.0 percent year-on-year in real terms.

The figures published on Friday showed that exports of services in 2021 rose by 62.1 percent year-on-year. Of that, exports of gaming services and other tourism services jumped by 45.0 percent and 127.2 percent year-on-year respectively.

Gaming services in Macau are included in exports when calculating the city’s GDP. That is in order to reflect spending by tourists in the city’s casinos.

Macau’s casino gross gaming revenue grew 43.7 percent year-on-year in full-year 2021, despite a number of disruptions to tourism business in the second half of the year, due to community cases of Covid-19.

In Friday’s release, the statistics bureau said the pandemic situation “remained volatile” in 2021, but that it had “improved compared to 2020,” with a “pickup in total demand” helping the economy rebound.

It added: “Domestic demand rose by 3.0 percent year-on-year. Local economic activities of Macau residents have basically recovered, with private consumption expenditure expanding by 7.0 percent year-on-year.”

The Macau economy however contracted by 4.4 percent year-on-year in real terms in the final quarter of 2021, showed the data. Exports of services in fourth-quarter 2021 edged down by 0.3 percent year-on-year, of which exports of gaming services fell by 14.4 percent, while exports of other tourism services rose by 8.9 percent.


  • tweet
Related articles
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference...

    May 30, 2023  

  • Macau 1Q GDP up 39pct as gaming exports double
    Macau 1Q GDP up 39pct as gaming exports...

    May 25, 2023  

More news
  • Dividend restart still far for Macau ops: JP Morgan
    Dividend restart still far for Macau...

    May 30, 2023  

  • IGT flags route to high-performing games for Asia
    IGT flags route to high-performing...

    May 30, 2023  


Latest News

Dividend restart still far for Macau ops: JP Morgan

Dividend restart still far for Macau ops: JP Morgan

May 30, 2023  

The majority of the Macau casino operators is unlikely to resume dividend payment in the near term, suggested JP Morgan Securities (Asia Pacific) Ltd analyst DS Kim in an interview with GGRAsia....
Read More
IGT flags route to high-performing games for Asia

IGT flags route to high-performing games for Asia

May 30, 2023  

We’ll be in Singapore for many years: LVS chairman

We’ll be in Singapore for many years: LVS chairman

May 30, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


6,000

Total number of visitors expected at the Global Gaming Expo (G2E) Asia 2023 Special Edition: Singapore, running from May 30 to June 1



Most Popular

  • Cotai Expo hotel extra to licence capex, says GoldsteinCotai Expo hotel extra to licence capex, says Goldstein May 29, 2023
  • Ian Coughlan out of Wynn Macau Ltd board, Cameron-Doe inIan Coughlan out of Wynn Macau Ltd board, Cameron-Doe in May 29, 2023
  • Londoner Macao pulls in foreigners and Chinese: LVS CEOLondoner Macao pulls in foreigners and Chinese: LVS CEO May 25, 2023
  • Londoner Macao to host Harry Potter exhibition in DecLondoner Macao to host Harry Potter exhibition in Dec May 29, 2023
  • Suntrust agrees to US$6mln loan from chairman Andrew LoSuntrust agrees to US$6mln loan from chairman Andrew Lo May 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us