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Macao's per-capita GDP reaches $49,745

(Xinhua)
Updated: 2011-03-26 08:08
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MACAO - Macao's GDP for the whole year of 2010 reached 217.32 billion patacas ($27.16 billion), with per-capita GDP amounting to 398,071 patacas, the city's Statistics and Census Service (DSEC) said on Friday.

According to the figures, Macao's GDP rose by 26.2 percent in real terms last year and economic growth for the fourth quarter of last year stood at 27.9 percent in real terms.

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Macao's per-capita GDP of 2010 rose by 94,079 patacas over 2009, an increase of 25.8 percent year-on-year.

The DSEC said that revival of the world economy and the robust economic growth in the Chinese mainland created favorable conditions for a rapid rebound of Macao economy.

As a result, gross gaming revenue and total visitor spending of last year soared substantially upon outstanding performance of the tourism and gaming sector.

In respect of the GDP structure, the notable increase in exports of tourism and gaming services pushed up net exports of goods and services to surge by 66.8 percent, far higher than the level of economic growth, bringing its relative importance to GDP to rise apparently from 41.9 percent in 2009 to 55.4 percent in 2010, the DSEC said.

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