Macau’s Economy Rebounds in 2023 with Tourism Revival

In 2023, Macau’s GDP surged by 80.5% due to lifted COVID restrictions and tourism recovery, official data shows. Macau’s GDP rebounded to 379.5 billion patacas ($43.5 billion) in 2023 from a 21.4% decline in 2022, per DSEC. DSEC attributes Macau’s GDP growth to local economic activity resurgence and increased service exports. Macau shifted from China’s […]

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