Macau recorded a 1.6 per cent increase in GDP in the third quarter of 2018, with slower paced growth due mainly to a slowdown in growth in exports of services, reports Asia Gaming Brief.
According to the Statistics and Census Service, while service trade was the major driving force for economic growth, up 6.3 per cent.
This was boosted by an increase in visitor arrivals and spending.
However, compared to the second quarter, which registered a year-on-year growth of 11.9 per cent, growth was indeed slower.
DSEC noted that exports of gaming services grew by 5.8 per cent and other tourism services grew by 11.4 per cent.
With regards to the first three quarters of 2018, Macau’s GDP expanded 5.6 per cent in real terms.
Exports of gaming services went up 11.7 per cent while other tourism services grew 12.6 per cent.
