Tertiary sector's relative importance to Macao's GDP increases in 2010

The relative importance of Macao's tertiary sector to Gross Domestic Product (GDP) rose from 89.1 percent in 2009 to 92.6 percent in 2010, while that of the secondary sector fell from 10.9 percent to 7.4 percent, according to the statistics released on Friday by Macao's Statistics and Census Service (DSEC). Relative importance of Gaming sector, the pillar of local economy, increased by 8.9 percentage points from 32 percent in 2009 to 40.9 percent in 2010, and that of Wholesale and retail sector went up from 5.9 percent to seven percent, the figures indicated. Meanwhile, relative importance of the Hotel sector and the Transport, storage and communications sector also saw mild increase. However, relative importance of the remaining economic activities posted different level of decrease, with the most significant decline being observed in Real Estate Activities, down by 2.5 percentage points from 2009. In 2010, the total Gross Value Added of all economic activities of Macao increased by 26.4 percent over 2009, with that of the Gaming sector surging by 61.5 percent, the DSEC said. Contraction was observed in the Manufacturing and Construction sectors, according to the DSEC.