Macao: Rebounding growth

12/19/2017 - Report
ic_blogtagMacaoCountry Risk

​A cyclical upturn 

The economy is recovering after three years of contraction. Real GDP decreased by -24% between 2013 and 2016 with a collapse of tourism receipts and the decline of the gaming activity which account for nearly 62% of total output. In 2017, the outlook improved on the back of rising external demand especially from China. GDP growth is estimated at +8.0%. 



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CR-Macao-Dec17.pdfCR-Macao-Dec17.pdf