Industrial Structure of Macao 2018

The relative importance of the secondary sector to total Gross Value Added decreased by 0.9 percentage points to 4.2%, with the shares of the Construction sector and Electricity, Gas & Water Supply dropping by 0.7 and 0.1 percentage points to 3.0% and 0.6% respectively; meanwhile, the share of Manufacturing (0.5%) remained steady compared to 2017.

The relative importance of the tertiary sector rose by 0.9 percentage points from 94.9% in 2017 to 95.8% in 2018. The shares of Gaming & Junket Activities (50.5%) and Hotels & Similar Activities (4.6%) grew notably by 1.5 and 0.4 percentage points respectively, whereas the share of Real Estate Activities (9.6%) fell by 0.9 percentage points year-on-year.

Taxes on Production and Imports, Operating Surplus and Compensation of Employees amounted to MOP125.8 billion, MOP191.2 billion and MOP120.7 billion respectively in 2018, accounting for 28.7%, 43.7% and 27.6% of GDP. Compensation of Employees increased by 5.3% year-on-year, a smaller growth compared to that in GDP, and its relative importance to GDP went down by 1.2 percentage points over 2017. The shares of Operating Surplus and Taxes on Production and Imports climbed by 0.3 and 0.9 percentage points respectively.

Gross Value Added of the secondary sector declined by 12.3% year-on-year in real terms. Gross Value Added of the Construction sector dropped by 14.7% due to the successive completion of several large-scale hotels and entertainment facilities. Gross Value Added of Electricity, Gas & Water Supply fell by 14.2% in view of a fall in sales and consumption of natural gas used for electricity generation resulting from a decrease in local electricity production. On the other hand, Gross Value Added of Manufacturing rose by 5.8% in real terms, underpinned by Manufacture of Food Products & Beverages.