Industrial Structure of Macao 2009

The Statistics and Census Service (DSEC) released summary information on the industrial structure of Macao for 2009; data series of the Industrial Structure of Macao 2009 has been adjusted according to the major revision of GDP. In 2009, under the influence of the global financial crisis, business performance of many economic activities of Macao slackened in comparison with 2008, of which the Construction sector was the most severely hit. On the contrary, performance of the Wholesale & Retail; Hotel; and Gaming sectors still recorded increase, in particular, performance of the Wholesale & Retail sector saw remarkable growth and the Hotel sector also had satisfactory increase. As regards changes in industrial structure, Gross Value Added of the tertiary sector increased, while that of the secondary sector decreased, the relative importance of the tertiary sector to GDP rose from 83.0% in 2008 to 89.0% in 2009 whereas that of the secondary sector dropped from 17.0% to 11.0%. In 2009, total Gross Value Added, Intermediate Consumption and Compensation of Employees of all economic activities of Macao fell by 1.4%, 0.5% and 3.5% respectively over 2008; meanwhile, the decline in the Construction sector stood at 41.0%, 43.3% and 38.0% respectively, attributable to a substantial decrease in the construction investment of major gaming and tourism facilities. Ratio of total Gross Value Added to total Gross Output of all economic activities dropped slightly by 0.2 percentage point from 2008 to 46.7%. Ratio of total Compensation of Employees to total Gross Value Added decreased by 0.9 percentage point to 41.7%, with that of the Hotel sector decreasing by 15.1 percentage points. The relative importance of the secondary sector to GDP declined by 6.0 percentage points over 2008. In particular, the relative importance of the Construction sector decreased markedly by 5.6 percentage points to 8.3%; that of the Manufacturing sector declined by 0.6 percentage point to 1.5%, while the relative importance of the Electricity, Gas & Water Supply sector increased slightly by 0.1 percentage point to 1.3%. The relative importance of the tertiary sector to GDP rose by 6.0 percentage points compared with 2008, with notable increase in that of the Gaming; Wholesale & Retail and Hotel sectors. Relative importance of the Gaming sector rose by 2.7 percentage points from 29.6% in 2008 to 32.3% in 2009, Wholesale & Retail sector went up by 1.5 percentage points from 4.6% to 6.1%, Hotel sector rose by 0.7 percentage point from 3.7% to 4.3%, Transport, Storage & Communications; Public Administration; Education and Health & Social Work sectors registered slight increase; meanwhile, relative importance of Banking; Insurance & Pension Fund and Restaurants & Similar Activities was similar to that in 2008. However, that of Real Estate Activities registered a decrease of 0.3 percentage point. The following table illustrated changes in the industrial structure of Macao: Industrial structure of Macao at current prices, 2007-2009
(Please find the attached file)