The revised figure for gross domestic product (GDP) stood at MOP107.56 billion in the first quarter (Q1) of 2026, up 7.1% year over year in real terms, according to information from the Statistics and Census Service (DSEC).
The overall economic output corresponded to 90.3% of the same period in 2019, DSEC noted.
According to DSEC, the local economy “showed steady and promising growth in the first quarter of 2026, underpinned by a notable increase in exports of services due to surging visitor arrivals during the Lunar New Year holidays and a series of festive events.”
Analyzed by major component, total exports of services increased by 12.8% year over year in Q1, fueled by a 13.7% rise in visitor arrivals; exports of other tourism services and gaming services recorded respective growth of 17.5% and 13%.
In merchandise trade, exports and imports of goods rose by 1.1% and 5.8% year over year, respectively.
In terms of domestic demand, private consumption expenditure grew by 3.4% year over year, while government final consumption expenditure decreased by 2.8%.
Gross fixed capital formation fell by 21% in the same period, driven by declines in both private and public construction.
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