Macao: The overall industry added value in October increased by 8.2% year-on-year. The added value of the tertiary industry was 365.88 billion Macau patacas.

According to the data from the Statistics and Census Service of Macao, as the economy of Macao continues to recover, the total value added of Macao's overall industries is expected to increase by a substantial 8.2% to 384.54 billion Macao patacas in 2024; among which, the total value added of the tertiary industry (including wholesale and retail trade, catering industry, financial industry, and gaming industry, etc.) and the secondary industry (including industry and construction industry) are 365.88 billion and 18.66 billion Macao patacas respectively. In terms of industrial structure, in 2024, the total value added of the tertiary industry accounts for 95.1% of the overall industry, an increase of 0.8 percentage points compared to 2023; while the proportion of the secondary industry is 4.9%. In terms of industry analysis, the total value added of non-gaming industries accounts for 56.7% of the overall value added, an increase of 7.8 percentage points from 2019. In terms of initial income distribution (i.e. the distribution of local gross domestic product in production and import taxes, business profits, and employee compensation), in 2024, Macao's production and import taxes (97.10 billion), business profits (155.03 billion), and employee compensation (133.31 billion) are expected to increase by 21.4%, 3.6%, and 6.1% respectively compared to the previous year, accounting for 25.2%, 40.2%, and 34.6% of the local gross domestic product respectively. Industrial structure reflects the contribution of various industries to the overall economy from the perspective of value added. Value added reflects the additional value created by an economic activity (such as a particular industry or sector) in the production process, that is, the value of goods and services produced by the economic activity minus the value of goods and services consumed in the production process (such as operating expenses like water, electricity, and rent).