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Macau’s GDP to contract by 26.8% in 2022

Macau's GDP reached €20.6 billion last year, compared to €26.9 billion in 2021, according to the Statistics and Census Service (DSEC).

In the fourth quarter of last year, GDP contracted by 23.4%  year-on-year in real terms.

External demand remained weak, and the number of inbound visitors to Macau was down 31.5% compared to the fourth quarter of 2021, the DSEC added.

The real GDP growth rate was . . .

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