Macau’s gaming activity grew in 2017 and accounted for 49.1 per cent of the tertiary sector, which is China’s predominant economic sector, official sources said today.
According to the Statistics and Census Service (DSEC), the weight of the tertiary sector in Macao’s economy grew from 93.3% in 2016 to 94.9% in 2017.
Of this sector, “lotteries, other gaming and gaming promotion activities” represent 49.1%, an increase of 2.5 percentage points compared to 2016.
The gross value added of the gaming sector increased by 29.12 billion patacas (3.16 billion euros).
The share of wholesale and retail trade (5.6%) and hotels and similar products (4.3%) contributed to the growth of the tertiary sector, which increased by 0.3 and 0.2 percentage points, respectively.
The figures provided by DSEC show that the economy of Macao is increasingly dependent on the tertiary sector, as the weight of the secondary sector in gross value added in total economic activity was 5.1% in 2017 compared with 6.7% in 2016.
The decrease of 20.6% in the secondary sector was due, according to DSEC, to the decrease in construction weight, which decreased by 28.8% compared to 2016.