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Graphics: Macao's economy and trade continue to grow

CGTN

Graphics: Macao's economy and trade continue to grow

2024 marks 25 years since Macao's return to China and the establishment of the Macao Special Administrative Region (SAR). Over the past quarter century, the Macao SAR government has achieved extraordinary progress in social and economic development, capitalizing on its unique advantages.

Macao SAR's GDP soared from 51.9 billion Macao patacas (MOP) in 1999 to 379.5 billion MOP in 2023 (some $47 billion based on the 2023 average exchange rate). In 2023, Macao's GDP surged by 80.5 percent compared with 2022, driven by a robust post-COVID-19 recovery.

The per capita GDP of the Macao SAR has also grown significantly, rising from $15,000 in 1999 to $69,000 in 2023.

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