Sustainable
Growth in 2005
According
to the newsletter May’ 2006 issue
by World Trade Centre Macau, Macau’s
Gross Domestic Product (GDP) grew
by 6.7 percent against 2004's and
resumed at a normal pace in 2005,
with a grand total of US$12.1 billion
and the per capita GDP stood at US$25,391.
Liberalization of the gaming industry
starting in 2002 particularly spurred
a "significant growth" in
private and public investments and
favorable developments in the tourism
industry.
During 2005, the government collected
US$2.16 billion in direct taxation
from the betting and gaming sector,
an annual increase of 12.9 per cent.
Gross revenues from the gaming industry
in Macau totaled US$5.97 billion in
2005, an annual increase of 8.25 percent.
Reflecting the rapid upturn of the
economy, a robust surge was also witnessed
in the local confidence, translating
into higher private consumption. At
the same time, the pressure over unemployment
rate has been further reduced from
4.6% in 2004 to 4.1% in 2005, due
to a continuous increase in demands
for workforce.
In 2005, Macau exported goods of a
total value of US$2.48 billion, an
annual decrease of 12.1 percent; and
imported products with a total value
of US$3.9 billion, a year on year
increase of 12.3 per cent.
Source:
Newsletter 2006’ May issue by World
Trade Centre Macau
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Background
Information
