The Statistics and Census Service (DSEC) released summary information on the changes in the industrial structure of Macao for 2008, as follows. In 2008, performance of the Hotel sector saw vibrant growth among all the major economic activities of Macao when Gaming; Restaurants & Similar Activities; Renting & Business Activities; Real Estate Activities; and Health & Social Work also recorded favourable increase; however, contraction was observed in the Manufacturing; Construction; and Transport, Storage & Communications sectors. As Gross Value Added of the tertiary sector increased whereas that of the secondary sector decreased, the relative importance of the tertiary sector to Gross Domestic Product (GDP) rose from 85.6% in 2007 to 88.3% in 2008, while that of the secondary sector fell from 18.2% to 15.7%. In 2008, the total Gross Value Added of all economic activities of Macao increased by 16.8% over 2007, with that of the Hotel sector rising vigorously by 84.4%. Intermediate Consumption and Compensation of Employees of all industries grew by 7.1% and 13.2% respectively year-on-year, with that of the Hotel sector increasing by 34.8% and 38.5% respectively. Ratio of total Gross Value Added to total Gross Output of all economic activities went up by 1.0 percentage point from 2007 to 51.3%; meanwhile, ratio of total Compensation of Employees to total Gross Value Added rose by 0.4 percentage point to 39.0%. The relative importance of the secondary sector to GDP dropped by 2.5 percentage points over 2007, of which that of the Construction sector decreased by 1.6 percentage points to 12.6%, the Manufacturing sector declined by 0.9 percentage point to 2.0%, while the Electricity, Gas & Water Supply sector was similar to that of 2007, at 1.1%. The relative importance of the tertiary sector to GDP rose by 2.7 percentage points compared with 2007, with notable increase in that of Gaming; Hotel; Renting & Business Activities; and Restaurants & Similar Activities. Relative importance of the Gaming sector increased by 2.1 percentage points from 35.1% in 2007 to 37.2% in 2008; the Hotel sector went up by 1.3 percentage points from 2.1% to 3.4%; Renting & Business Activities rose by 0.3 percentage point from 6.2% to 6.5%; Restaurants & Similar Activities edged by 0.2 percentage point from 2.9% to 3.1%; meanwhile, that of Health & Social Work sector registered slight increase. Although Gross Value Added of other industries, namely Real Estate Activities; Wholesale & Retail; Banking; Public Administration and Education saw year-on-year growth, the rate of increase was lower than the rate of growth (16.8%) for all economic activities, lowering their relative importance to GDP. Moreover, Gross Value Added of Insurance & Pension Fund; and Transport, Storage & Communications decreased by 5.6% and 8.0% respectively from 2007, driving their relative importance to GDP down by 0.3 and 0.7 percentage point respectively.
