Macau has a capitalist service economy largely based on casino gaming and tourism. It is the world's 83rd-largest economy, with a nominal GDP of approximately MOP433 billion (US$53.9 billion). The GDP per capita was US$69,430 in 2023. Although Macau has one of the highest per capita GDPs, the territory also has a high level of wealth disparity. Macau's gambling industry is the largest in the world, generating over MOP195 billion (US$24 billion) in revenue and about seven times larger than that of Las Vegas. Macau's gambling revenue was $37 billion in 2018. Taxes from gambling revenues fund a robust welfare system and an annual cash payment to Macau's citizens.
Macau has a capitalist service economy largely based on casino gaming and tourism. It is the world's 83rd-largest economy, with a nominal GDP of approximately MOP433 billion (US$53.9 billion). The GDP per capita was US$69430 in 2023. Although Macau has one of the highest per capita GDPs, the territory also has a high level of wealth disparity. Macau's gambling industry is the largest in the world, generating ove,r MOP195 billion (US$24 billion) in revenue and about seven times larger than that of Las Vegas. Macau's gambling revenue was $37 billion in 2018. Taxes from gambling revenues fund a robust welfare system and an annual cash payment to Macau's citizens.