The local economy expanded by 7.1% year-on-year in real terms in the first quarter of 2026, supported by a surge in visitor arrivals and a strong rebound in services exports, according to preliminary data from the Statistics and Census Service (DSEC).
Gross domestic product (GDP) reached MOP108.01 billion in the quarter, equivalent to 90.3% of pre-pandemic levels in 2019. Growth was largely driven by a 13.9% increase in exports of services, in line with a 13.7% rise in visitor arrivals during the Lunar New Year period and a series of festive events.
According to the latest outlook from the International Monetary Fund (IMF), the economy is projected to expand by 3% in 2026.
The estimate, published in the IMF’s April World Economic Outlook, represents a slight upward revision of 0.2 percentage points from its previous forecast issued in October. Growth is expected to pick up marginally to 3.1% in 2027. LV
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