[Photo; Renato Marques]
Macau’s gross domestic product expanded 4.7% year-over-year in 2025 to MOP417.3 billion (USD51.9 billion), official data showed Friday.
The Statistics and Census Service (DSEC) released the preliminary figures, which indicate a steady recovery by the city toward its pre-pandemic levels. Annual output in 2025 reached 89.6% of 2019’s total.
In the fourth quarter alone, GDP surged 7.6% year-over-year to MOP115.4 billion, equivalent to 94.1% of the same period in 2019, according to DSEC.
For context, in 2019, Macau’s full-year GDP reached MOP434.7 billion, with per-capita GDP at MOP645,438 in that pre-pandemic year. Service exports drove the momentum that year, rising 9.8% in the quarter alongside a 15.4% increase in visitor arrivals.
DSEC attributed the 2025 growth to “rapid growth in service exports, driven by surging visitor arrivals resulting from the hosting of numerous large-scale events in the Macao SAR and government efforts to attract visitors,” according to its official release.
Domestic demand also provided support. Private consumption expenditure rose 1.1%, while government final consumption expenditure increased 1.3%. Gross fixed capital formation grew 0.9% NS.
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