The Statistics and Census Service (DSEC) issued a statement yesterday stating that Typhoon Hato caused an estimated economic loss of MOP12.55 billion.
After the catastrophic typhoon struck Macau on August 23, DSEC conducted an estimation of the economic value of damage to housing, cars, shops and public facilities, among other areas.
The preliminary estimates indicated that the economic loss caused by Hato amounted to MOP11.47 billion, comprising MOP8.31 billion in direct losses and MOP3.16 billion in indirect losses.
Following the preliminary estimate, DSEC began collecting comprehensive information and data from various government entities on economic losses caused to their own facilities and the institutions under their management.
In addition, DSEC carried out further estimations of indirect economic losses in different industries, such as the impact on sales within economic establishments, according to the latest data obtained from annual surveys.
After consolidating data from various sources, the economic loss caused by Hato to Macau was found to be an estimated MOP1.07 billion higher than the preliminary estimate, including MOP9.05 billion of direct losses and MOP3.5 billion of indirect losses.
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