Information from the Statistics and Census Service (DSEC) indicated that the economy of the Macao Special Administrative Region (Macao SAR) continued to make steady progress in the third quarter of 2025, driven by further growth in exports of services, supported by surging visitor arrivals during the summer peak season and the sustained positive momentum in the tourism industry in the Macao SAR, alongside steady domestic private consumption. The preliminary figure for Gross Domestic Product (GDP) expanded by 8.0% year-on-year in real terms to MOP103.86 billion in the third quarter of 2025. The overall economic output corresponded to 92.6% of the total in the same period of 2019.

Analysed by major component, total exports of services increased by 10.5% year-on-year in real terms in the third quarter, fuelled by a 13.6% rise in visitor arrivals. As regards domestic demand, government final consumption expenditure and private consumption expenditure registered respective growth of 2.7% and 0.8%. On the other hand, gross fixed capital formation declined by 26.1% owing to decreases in private and public construction projects.

For the first three quarters of 2025, the preliminary figure for GDP expanded by 4.2% year-on-year in real terms to MOP301.33 billion. The overall economic output corresponded to 88.4% of the total in the same period of 2019.

Detailed results of the revised GDP for the third quarter of 2025 will be released on 14 November 2025.