Lotteries, other gambling and gaming promotion in Macau accounted for more than half of the territory’s economic activity in 2018, rising from 49% to 50.5% of the total, the Statistics and Census Service (DSEC) reported.
In the same year, the weight of the tertiary sector in the economy increased by 0.9 percentage points, from 94.9% in 2017 to 95.8% in 2018, and the secondary sector lost the same percentage points from 5.1% to 4.2%.
DSEC reported that the main activities not directly related to gambling are public administration, education and other collective services, with a weight of 9.7%, real estate activities with 9.6%, banking and insurance 6.6% and wholesale and retail trade 4.6%.
The same document also stated that gross value added of all Macau business sectors in 2018 recorded a real increase of 5.8%, mainly driven by the increase in “lotteries, other gambling and games promotion activities” (+10%) and “hotels and similar” activities (+11.4%).
Secondary sector gross value added fell by 12.3% in real terms and its weight on the GVA of all economic sectors decreased to 4.2% in 2018.
In turn, the tertiary sector gross value added rose 6.8% in real terms and its weight increased to 95.8%, highlighting the 45.3% share of non-gaming services. MDT/Macauhub
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