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Gross domestic product for the 3rd Quarter of 2021
Information from the Statistics and Census Service (DSEC) indicated that Gross Domestic Product (GDP) increased by 32.9% year-on-year in real terms in the third quarter of 2021. The economy of Macao has showed positive growth for two consecutive quarters. Exports of services surged by 181.3% year-on-year in the third quarter, driven by a rebound in number of visitor arrivals; exports of gaming services and other tourism services soared by 302.6% and 303.3% respectively. Exports of goods recorded a year-on-year growth of 51.4%. Meanwhile, domestic demand edged down by 0.7% year-on-year, as the increase in private consumption partially offset the decline in government final consumption expenditure and gross fixed capital formation. Imports of goods rose by 43.7% and imports of services went up by 16.0%.
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Industrial structure of Macao 2020
Industrial structure reflects the relative importance of various industries in terms of their respective value-added contribution to the economy. Value added refers to the value created in the process of production by an economic activity (e.g. a sector or an industry), i.e. the value of goods and services produced by the economic activity, less the value of goods and services consumed in the production process. Sectors of industries are classified as primary (e.g. fishing, agriculture and animal husbandry), secondary (e.g. mining & quarrying, industrial production and construction) and tertiary (i.e. service sector, such as wholesale & retail trade, restaurants & similar activities, financial activities and gaming).
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[infographic] 18 November 2021 health quarantine requirements and measures for inbound travellers
Healthquarantine requirements and measures for inbound travellers of differentidentities.
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Macao Public Library of the Cultural Affairs Bureau launches a self-service holds pickup system
In response to the SAR Government’s electronic service initiative and to provide more convenient measures for the public, the Macao Public Library, under the auspices of the Cultural Affairs Bureau (IC), launched a self-service holds pickup system, so as to facilitate the public’s access to library resources and services. Currently, self-service holds pickup lockers are available at the Macao Central Library, the Taipa Library, the Seac Pai Van Library, the S. Lourenço Library and the Wong Ieng Kuan Library in Areia Preta Urban Park.
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“Macao Light Festival 2021 – Travellers from Mars” lights up communities in December “Tourism + culture & creativity” revitalizes community tourism
Organized by Macao Government Tourism Office (MGTO), “Macao Light Festival 2021 – Travellers from Mars” will light up different communities across Macao Peninsula, Taipa and Coloane with light installations, interactive games and projection mapping shows from 4 December 2021 to 2 January 2022, weaving together “tourism + culture and creativity” for economic revival in communities, and filling the festive holidays with sparkling memories for residents and visitors.
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UM, NYU Shanghai develop e-mental health mobile app for college students
The University of Macau (UM) and New York University Shanghai (NYU Shanghai) have jointly developed ‘Step by Step’, a mobile application for monitoring users’ mental health. Designed for university students with mental health issues, the mobile app is expected to provide reliable and effective self-help methods for its users. A follow-up project also kicked off today (18 November).
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Business climate survey on restaurants & similar establishments and retail trade for September 2021
Information from the Statistics and Census Service (DSEC) indicated that there were 46% of the interviewed restaurants & similar establishments reporting a year-on-year rise in receipts in September 2021, a growth of 14 percentage points from August; the corresponding proportions of Western Restaurants (58%) and Chinese Restaurants (63%) rose by 39 percentage points and 23 percentage points respectively. Meanwhile, the proportion of interviewed retailers recording a year-on-year sales rise in September increased by about 1 percentage point over the preceding month to 67%; the corresponding proportions of Department Stores (58%) and Adults’ Clothing Retailers (72%) grew by 8 percentage points and 7 percentage points from August respectively, while the shares of Supermarkets (44%) and Motor Vehicle Retailers (36%) fell by 11 percentage points and 9 percentage points. For the Business Performance Index (BPI) that reflects the trend of year-on-year changes in business receipts, the values for restaurants & similar establishments (56.3) and retail trade (71.2) were both higher than 50, implying that the business of these two industries in September fared better compared to the same month last year.
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