Macau SAR
Macau Special Administrative Region (SAR) of Republic of Chain is a small nation. Some of the main sectors of Macau SAR that contributes to its GDP are gaming and tourism industry. As per International Monetary Fund Report of October 2023, Macao SAR has Projected GDP for 2024 is 27.2%.
Metric | Value |
---|---|
Population | 713,082 |
Real GDP (projected) | 27.2% |
GDP Per Capita (projected) | $70,130.0 |
Government Initiatives: Government of Macao had made a focused plan to achieve the prospective GDP.
- Developing healthy environment for research and development for various domain.
- Develop and optimize tourist product and expanding tourist source
- Make secured environment for gaming with law
- Improving relations with other nation
- Supporting artisan and native culture.
Top 10 Fastest Growing Economies in the World
The top 10 fastest-growing Economies in the World are Macao SAR, Guyana, Palau, Niger, Senegal, Libya, Rwanda, Côte d’Ivoire, Burkina Faso, and Benin as per IMF projection for 2024. Every country on the globe faced a massive setback in their economic growth during the pandemic. This led to a massive fall in the global economy. Consequently, it became tough for the countries to regain their growth rate of the pre-pandemic period.