The Statistics and Census Service (DSEC) has released data indicating that the gaming industry accounted for about 38.8% of Macau’s industrial structure in 2023, in line with the government’s expectation.
According to the data, Macau particularly benefited from the recovery of the tourism industry while most other industries also recorded an increase in gross value added (GVA) compared to 2022.
The gaming sector saw a 355% increase in GVA and the hotel sector an 88.1% increase in GVA.
In terms of the overall industrial structure, Macau’s gaming industry accounted for 38.3% of all GVA, with a total value of MOP$136.8 billion. The non-gaming industry’s GVA grew by 20.7% year-on-year in real terms to MOP$220.73 billion, accounting for 61.7% of the overall GVA, an increase of 12.9 percentage points compared to that of 2019.
The Macau government’s “Plan for the Adequate and Diversified Development of the Economy (2024-2028)”, announced last year, mentioned that it hoped to reduce the gaming sector’s GDP share to 40% in the next five years.
However, although DSEC calculations show a decrease in the share of the gaming industry to Macau’s GVA, according to financial data, as of October this year, revenue from betting duty for the year amounted to MOP$73 billion, accounting for 81.6% of the government’s total revenue of MOP$89.4 billion.
Industrial structure statistics reflect the share of contribution of each industry to the overall economy in terms of value added, which is the value added created in the production process of an economic activity. This includes the value of goods and services produced by the economic activity in question, minus the value of goods and services consumed in the process of production, such as operating expenses for water, electricity and rent.
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