Macau GDP Growth Rate YoY
Since 1999, Macau, a former Portuguese colony, has been governed as a Chinese special administrative area. Following the liberalization of the gambling sector and the opening of its borders to Chinese people in 2001, it has surpassed the world's largest casino market. Gambling contributes 50 percent of GDP, 84% of fiscal revenues, and around 21% of the total employment. It has become a popular investment destination for wealthy investors, particularly those from Mainland China, due to its semi-autonomous status within China, substantial casino sector, and eased tax rules. A number of fruitless attempts have been made to diversify the economy while also restraining casino growth.
A higher than expected figure should be seen as positive (bullish) for the MOP while a lower than expected figure should be seen as negative (bearish) for the MOP.
