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Macao's Gross Value Added increases in 2018
2019/11/25 15:02:50 Source:Xinhua

MACAO, Nov. 21 (Xinhua) -- The Gross Value Added (GVA) of all economic activities in China's Macao Special Administrative Region (SAR) increased by 5.8 percent year-on-year in real terms last year, due to growth of the GVA of gaming and junket activities, as well as hotels, the SAR's statistics service said on Thursday.

The ratio of GVA to gross output of all economic activities rose by 1.4 percentage points to 69.0 percent in 2018, it said.

Meanwhile, the GVA of the secondary sector declined by 12.3 percent in real terms, with the relative importance to total GVA falling to 4.2 percent. Among them, the GVA of the construction sector dropped by 14.7 percent due to the successive completion of several large-scale hotels and entertainment facilities.

The GVA of the tertiary sector increased by 6.8 percent in real terms, and its relative importance rose to 95.8 percent, with the share of non-gaming services dropping by 0.6 percentage points year-on-year to 45.3 percent.

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