Download GDP grew by 10.5% year-on-year in real terms in the first three

SME Bulletin
Issue 64 December 2013
 Up-to-date Information on Economy and Trade
GDP grew by 10.5% year-on-year in real terms in the first three quarters of
2013
Gross Domestic Product (GDP) for the third quarter of 2013 expanded by 10.5% year-onyear in real terms. Economic growth in the third quarter was mainly led by increase in
exports of services, of which exports of gaming services grew by 13.3% and exports of
other tourism services went up by 8.1%. The implicit deflator of GDP that measures
changes in prices increased by 7.5% year-on-year. In the first three quarters of 2013, GDP
grew by 10.5% year-on-year in real terms.
Inward foreign direct investment (FDI) flows amounted to MOP 27.5 billion
in 2012
Inward foreign direct investment (FDI) flows amounted to MOP 27.5 billion in 2012, up
by MOP 21.6 billion year-on-year on account of foreign enterprises reinvesting part of
their operating profits into the business. The majority of inflows were invested in the
Gaming Sector (MOP 15.5 billion); Wholesale & Retail (MOP 4.5 billion) and Banks &
Securities (MOP 3.9 billion). Analysed by investors’ place of usual residence, FDI
inflows came mainly from the British Virgin Islands (MOP 11.9 billion); the Cayman
Islands (MOP 4.2 billion) and Hong Kong (MOP 3.8 billion). While outward FDI flows
from Macao enterprises amounted to MOP 3.6 billion, resulting in a net FDI inflow of
MOP 23.8 billion in 2012.
There were 676 MICE events held in the first three quarters of 2013
There were 676 MICE events held in the first three quarters of 2013, down by 52 yearon-year. The total number of participants and attendees increased by 5% year-on-year to
1,045,000. A total of 42 exhibitions were held in the first three quarters of 2013; with the
number of attendees increasing by 7% year-on-year to 962,000.
External merchandise trade was up by 13% in the first ten months of 2013
Total merchandise exports for October 2013 amounted to MOP700 million, up by 10%
year-on-year; value of re-exports (MOP533 million) and domestic exports (MOP167
million) rose by 13% and 1% respectively. Total merchandise import reached MOP7.15
billion, up by 23% year-on-year. The merchandise trade deficit amounted to MOP6.45
billion for October 2013.
External merchandise trade reached MOP73.13 billion in the first ten months of 2013, up
by 13% compared with MOP64.71 billion a year earlier.
(Source: Statistics and Census Service Department)
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