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Macau sets 2030 target for non-gaming sector to reach 60% of GDP

Government outlines diversification strategy under new five-year consultation plan.

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Key Points
Non-gaming industries to account for around 60% of GDP by 2030
2024 non-gaming share stood at 56.7%
Plan emphasizes tourism upgrades, finance, technology and SME support

The Macau Government has unveiled a consultation draft of its new five-year development plan, setting a target for non-gaming industries to account for around 60% of gross domestic product by 2030. As reported by Macao Daily, non-gaming sectors represented 56.7% of GDP in 2024, which has been used as the baseline year.

Director of the Policy Research and Regional Development Bureau, said raising the proportion of non-gaming industries does not mean compressing the gaming sector. Instead, gaming is expected to continue developing in a lawful, healthy and orderly manner while the government accelerates economic diversification under its “1+4” strategy.

The draft outlines measures to strengthen policy coordination, increase capital investment and establish a government-guided fund to support emerging industries. Authorities also plan to introduce a regular evaluation mechanism and expand funding support where appropriate.

Tourism remains a pillar of the strategy. The Government aims to enhance integrated tourism and leisure offerings through cross-sector initiatives under a “Tourism+” framework. Concessionaires will be required to fulfill both gaming and non-gaming investment commitments. Officials expect international visitor arrivals to increase steadily at an average annual rate of about 5% between 2026 and 2030.

The plan also prioritizes the development of modern finance, including bond issuance incentives, expansion of investment fund businesses and the advancement of Macau as a China-Portuguese financial services platform. Policymakers will explore digital asset-related policies and strengthen risk-based capital systems for the insurance industry.

Emerging sectors such as traditional Chinese medicine, high-tech industries, low-altitude economy initiatives and intelligent driving systems are also highlighted. The government intends to boost land supply for diversified industries and deepen integration with Hengqin. 

Support for small and medium-sized enterprises will focus on digital transformation, technology adoption and improved financial services to enhance competitiveness in a shifting economic landscape.

Good to know

Authorities aim for international visitor arrivals to grow at an average annual rate of about 5% from 2026 to 2030

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