Macao's GDP surpasses MOP$300 bn as economy recovers strongly, Macao finance chief says
On the occasion of celebrating the 25th anniversary of Macao's return to the motherland, Macao SAR Secretary for Economy and Finance Lei Wai Nong stated in a media interview last month that with the support of the country, Macao has achieved rapid economic development over the past 25 years, with a year-on-year growth of 11.5% in the local gross domestic product in the first three quarters of this year.
He introduced that Macao is actively promoting economic diversification, developing a "1+4" industrial strategy to help Macao integrate into the national development framework and contribute to the comprehensive realization of Chinese-style modernization. Looking ahead, the Macao SAR will undoubtedly continue to leverage its unique advantages and integrate into the national development framework.
Lei, speaking during a recent media interview, stated that with full support from the central government, the Macao SAR government has rapidly recovered its economy after COVID-19, with the overall economic scale reaching 86.3% of the level in the same period of 2019. In the first three quarters of this year, the local gross domestic product reached 301 billion Macao patacas, showing a growth of 11.5% year-on-year, once again surpassing the milestone of 300 billion Macao patacas.
Lei expressed gratitude on behalf of the Macao SAR government for the series of support policies and measures provided by the country, which have provided a solid guarantee for Macao's long-term development. With joint efforts from the entire society, Macao's economic recovery is on a positive trajectory, and its finances remain stable.
He also highlighted the strong recovery momentum in Macao's tourism industry, with the number of visitors exceeding 30 million as of November this year, and a significant increase in international tourists.
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