December 21st (AMSP/CGTN) – – The year 2024 marks 25 years since Macao’s return to the motherland and the establishment of the Macao Special Administrative Region (SAR).
Over the past quarter-century, the Macao SAR government has achieved extraordinary progress in social and economic development, capitalizing on its unique advantages.
Macao’s GDP soared from 51.9 billion Macao patacas (MOP) in 1999 to 379.5 billion MOP in 2023 (approximately $47 billion, based on the 2023 average exchange rate). This remarkable growth has placed Macao among the world’s top-developed economies. In 2023, Macao’s GDP surged by 80.5 percent compared with 2022, driven by a robust post-COVID recovery.
Per capita GDP has also seen significant growth, rising from $15,000 in 1999 to $69,000 in 2023.
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