Macao's tertiary industry has contributed 94.9 percent gross value added to Macao's economy in 2017, with that of wholesale and retail, and gaming activities increasing by 21.9 percent and 16.2 percent respectively, the special administrative region's statistic service said here on Thursday.
Gross value added of all economic activities of Macao registered a 9.1 percent growth in real terms in 2017 after declining by 0.7 percent year-on-year in 2016, underpinned by satisfactory performance of the tertiary sector, the latest report from the Statistics and Census Service said.
The contribution of the secondary sector to total gross value added fell from 6.7 percent in 2016 to 5.1 percent in 2017, owing to a decrease in the share of construction activities.
Meanwhile the share of gaming activities grew by 2.5 percentage points year-on-year to 49.1 percent whereas that of non-gaming services dropped by 0.8 percentage points to 45.8 percent.
Gross value added of the tertiary sector increased by 11.2 percent in real terms in 2017. Notable increases were observed in wholesale and retail (21.9 percent), gaming activities (16.2 percent), hotels and similar activities (8.6 percent), with their respective contribution of 3.44 billion patacas (about 427 million U.S. dollars), 29.12 billion patacas (3.61 billion dollars), and 2.49 billion patacas (309 million dollars).