FX.co ★ Macau GDP Growth Confirmed at 5.1% in Q2

Macau's economy witnessed a 5.1% growth in the second quarter of 2025 compared to the same period the previous year, aligning with preliminary projections and recovering from a 1.3% downturn in the prior quarter. This represents the most robust increase since the second quarter of 2024, largely driven by a 6.0% surge in service exports, buoyed by an almost 20% rise in visitor numbers. Additionally, there were upticks in other tourism services by 5.9% and gaming services by 9.9%. Government final consumption expenditure saw a 1.0% increase, whereas private consumption rose slightly by 0.3%. However, growth faced some constraints due to a 3.7% decline in gross fixed capital formation, indicative of a slowdown in private construction activities. Trade further impacted the economy adversely, with a 6.6% drop in goods exports and a 4.1% decrease in imports. Cumulatively for the first half of 2025, the GDP grew by 1.8% year-on-year, sharply dropping from a 15.7% surge observed during the same period in 2024.