Macao Logs 8% Rise in Q3 GDP
Macao's Economy Expands 8% In Third Quarter
Macau Monetary Authority: Broad Money Supply Continues to Rise in June, with Both Resident Deposits and Loans Increasing Month-on-Month
Today, the Macao Monetary Authority released statistics showing that the broad money supply continued to rise in June 2025. Meanwhile, both resident deposits and loans increased month-on-month.
The Chief Executive of Macau, Ho Iat Seng, has presented the first policy address during his term, showcasing greater achievements in moderately diversified economic development.
Cen Haohui mentioned increasing efforts in attracting investment, deepening connectivity with Aoqin, promoting the "single license vehicle" from Hongqin northward, expanding government and public service guarantees, and creating an environment similar to that of Macau.
Macau: In January, the number of inbound travelers was approximately 3.647 million, an increase of 27.4% year-on-year.
According to data from the Statistics and Census Service of Macau, there were a total of 3,646,561 incoming travelers in January 2025, an increase of 27.4% year-on-year.
Macao's Forex Reserves Rise 2.3% in January
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The Macau Monetary Authority: In October, the broad mmf supply continued to rise, with resident deposits increasing compared to the previous month.
The circulation currency and demand deposits increased by 0.1% and 2.5% respectively, causing M1 to rise by 1.8% compared to the previous month.
In October, residents' deposits in Macau increased by 0.7% monthly.
Statistics released by the Monetary Authority of Macao show that the broad money supply continued to rise in October. At the same time, resident deposits increased month-on-month, while resident loans recorded a decline. In October, resident deposits increased by 0.7% month-on-month to 761.3 billion patacas, and non-resident deposits rose by 1.4% to 317.2 billion patacas.
In July, the broad money supply in Macau rebounded. Resident deposits increased by 1.8% month-on-month to 743.3 billion Macau patacas.
On September 2, the Monetary Authority of Macau released the monetary and financial statistics for July 2024.
By the end of June, international assets accounted for 83.4% of the total assets of the banking system according to Macau Monetary Authority.
By the end of June 2024, the total international assets of banks in Macau increased by 3.4% per quarter to 2036.1 billion Macau patacas.
Macao Economic and Financial Services estimates that this year's visitors to Macao will reach a record high of 33 million people.
According to the Wisdom Finance App, the Secretary for Economy and Finance of Macau, Lei Wai Nong, said at the "Opportunities in Macau" interview event that the number of visitors to Macau has quickly recovered this year, with confidence that the total number will reach 33 million, which will be the third highest in history or even more.
Residential property price index in Macau from February to April fell 2% to 222.0 from the previous period.
According to data from the Macau Statistics and Census Bureau obtained by Zhitong Finance APP, the latest Macau overall residence price index for the period from February to April 2024 was 222.0, a decrease of 2.0% from the previous period (January to March 2024), with the Macau Peninsula (219.8) and Cotai (230.9) experiencing declines of 2.4% and 0.1%, respectively.
Macau: Real GDP growth of 25.7% in the first quarter, and the overall size of the economy has returned to 87.2% in the same period in 2019
On May 24, data from the Macao Statistics and Census Service showed that exports of beneficiary services continued to grow, and private consumption and total fixed capital formation continued to stabilize, and the Macao economy recovered further.
Macau: Total foreign exchange reserve assets at the end of April were MOP 229.2 billion, up 1.3% month-on-month
The total foreign exchange reserve assets of the Macao Special Administrative Region at the end of April 2024 were preliminary statistics of MOP 229.2 billion (US$28.44 billion), up 1.3% from the revised total amount of MOP 226.2 billion (US$28.07 billion) in March 2024.
Macau's total export value of goods fell 6.8% year on year to MOP 960 million in February
The goods trade deficit in February was 7.87 billion patacas.
International Monetary Fund: Macau's economy is expected to grow by 13.9% this year
IMF experts pointed out that with the full resumption of exchanges between Macau and the rest of the world, the economy is showing a strong recovery, and the Macau economy is expected to record 13.9% growth this year.
Macau's retail sector recovers in 2023, and retail sales for the whole year increased by 49.5% year on year
On February 27, according to data from the Macao Statistics and Census Service, the retail industry recovered in 2023, with annual retail sales rising 49.5% year-on-year to MOP 86.25 billion (MOP, same below), up 11.7% from 2019.
Macau's export volume index fell 2.5% year on year in 2023
The Macao Statistics and Census Service published the foreign merchandise trade index for the full year of 2023 and the fourth quarter.
Macau's overall unemployment rate from November 2023 to January 2024 was 2.2%
On February 27, the Statistics and Census Bureau of Macau, China released the employment survey for November 2023 to January 2024.