澳门2025年第四季GDP同比实质增长7.6%

Core Viewpoint - Macau's economy is experiencing steady growth, driven by a significant increase in visitor arrivals and government measures to attract tourists, with GDP showing a recovery towards pre-pandemic levels [1] Economic Performance - In Q4 2025, Macau's preliminary GDP reached 115.39 billion MOP, reflecting a real growth of 7.6% year-on-year, recovering to 94.1% of the GDP level in the same period of 2019 [1] - For the entire year of 2025, the preliminary GDP was 417.28 billion MOP, with a real growth of 4.7%, recovering to 89.6% of the 2019 GDP level [1] Service Exports - The overall service exports in Macau increased by 9.8%, driven by a 15.4% year-on-year rise in inbound tourists in Q4 2025 [1] Internal Demand - Government final consumption expenditure and private consumption expenditure increased by 1.3% and 1.1% respectively, while gross fixed capital formation recorded a 0.9% increase [1]