Economic Growth in Macao
Macao's economy recorded an average real GDP growth rate of -6.1% in the decade to 2022. In 2022, real GDP growth was -26.8%. For more GDP information, visit our dedicated page.
Macao GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Macao from 2014 to 2023.
Source: Macrobond.
Macao GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -2.6 | -54.3 | 23.5 | -21.4 | 80.5 |
| GDP (USD bn) | 55.1 | 25.3 | 31.0 | 25.0 | 45.8 |
| GDP (LCU bn) | 445 | 202 | 248 | 202 | 369 |
| Economic Growth (Nominal GDP, ann. var. %) | -0.2 | -54.5 | 22.4 | -18.7 | 83.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Macanese GDP projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Macanese GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Macanese GDP projections.
Want to get access to the full dataset of Macanese GDP forecasts? Send an email to info@focus-economics.com.