The Pataca, our legal tender, is linked to the Hong Kong Dollar at 1.03 Patacas to 1 Hong Kong Dollar. Benefited from the satisfactory performance of the tourism sector, Macao’s economy continued to show remarkable growth in the first three quarters of 2007.
Real GDP soared 30.9% year-on-year in the third quarter, sustaining the growth of 25.7% and 31.6% in the first and the second quarter respectively. The opening of new tourist facilities successfully attracted more visitors, evidenced by the double-digit growth of visitor arrivals and service exports. Large-scale investment projects in the private sector continued to contribute to Macao’s robust economy.