benefiting from favorable factors such as the relaxation of inbound epidemic prevention measures, comprehensive recovery of Hong Kong and Macau, and restarting tourism restart in Mainland China. In the first quarter of this year, Macau's total local production value (GDP) has increased by 38.8%year -on -year.
The data released by the Macau Government Statistics and Census Bureau on Thursday (May 25) shows that the first quarter of 2023 GDP has increased by 38.8%year -on -year, and the total economic volume will be returned to the first quarter of 201966.4%.
Data show that the service export of Macau in the first quarter of this year increased by 71.5%year -on -year, of which the exports of gaming service exports and other tourism services rose by 100.0%and 72.9%, respectively, and the export of goods fell 40.6%year -on -year.Internal demand rose by 1.6%year -on -year, mainly driven by the government's final consumption expenditure; the import of goods fell 6.9%, and the service imports rose by 24.0%.
The press release of the official website of the Statistics and Census Bureau pointed out that the Macau economy recovered in the first quarter.Factors and other factors such as external travel activities have caused residents' final consumption expenditure in the local area to fall by 12.1%year -on -year; the final consumption expenditure of residents in other places has increased by 53.5%; the overall private consumption fell 7.5%year -on -year.
At the same time, the government's final consumption expenditure, due to the higher -seasons such as living subsidies and electricity bill subsidies than the same quarter last year, the government's final consumption expenditure increased by 30.1%year -on -year, of which purchased goods and service net valueRising by 80.5%, employee remuneration rose 0.2%.
In terms of investment, the total amount of fixed capital formation fell 0.5%year -on -year, of which construction investment rose 0.1%, and equipment investment fell 3.0%.In terms of public investment, due to the increase in large -scale projects such as public housing and the fourth cross -sea bridge, public engineering investment increased by 28.2%, and equipment investment fell 7.5%; in terms of private investment, the investment in the casino fell, which caused construction investment to fall by 17.5 a year.%, Equipment investment also fell 2.5%.
In terms of cargo trade, the import and exports of cargo in Macau in the first quarter fell 6.9%and 40.6%year -on -year, respectively.
The data also shows that the number of entry passengers in Macau in the first quarter of this year is 4.948 million, an increase of 1.6 times year -on -year, which is 48.4%of the passenger volume in the same period in 2019.The increase of 100%and 72.9%, the overall service export rose 71.5%; the service imports also rose by 24.0%.
