The Statistics and Census Service (DSEC) conducted an estimation of the economic losses of Macao caused by Typhoon “Mangkhut” in September this year. After consolidation of data from various sources, the economic losses caused by Typhoon “Mangkhut” to Macao were estimated at MOP 1.55 billion, including MOP 520 million of direct losses and MOP 1.03 billion of indirect losses. 

The estimation mainly covered economic losses of businesses, as well as losses pertaining to homes and vehicles of households, municipal facilities, certain public service systems, etc.

DSEC collected data from various sources for analysis and estimation, including relevant information provided by different government departments, historical data on business performance of different economic activities derived from the DSEC database, assessment of damages on buildings through on-site inspection by DSEC enumerators, and estimation of losses gathered from some affected enterprises.

With the SAR Government and the community having been well prepared for the typhoon before its arrival, the economic impact of Typhoon “Mangkhut” was significantly lower than that caused by the “8.23” Typhoon. The total direct and indirect economic losses were estimated at MOP 1.55 billion.