Macau, China vs Singapore: External balance on goods and services as a percent of GDP

Macau, China
45.4%
in 2025
Singapore
35.4%
in 2025
Macau, China rank
1st
Singapore rank
4th

External balance on goods and services as a percent of GDP over time

  • Macau, China
  • Singapore
-200204060196019922025

How they compare

Macau, China currently reports 45.4% against 35.4% in Singapore, a difference of 10.0%.

That makes Macau, China's figure about 1.3 times Singapore's.

The two have swapped places 4 times across 44 shared years of data; in 1982 it was Macau, China ahead.

Macau, China ranks 1st and Singapore ranks 4th of 191 countries.

Across the 5 decades both report, Macau, China averaged higher in 4 and Singapore in 1.

Head to head by decade

Decade Macau, China Singapore Difference Ahead
1980s 14.7% 3.1% 11.5% Macau, China
1990s 20.4% 14.8% 5.6% Macau, China
2000s 33.7% 23.8% 9.9% Macau, China
2010s 50.7% 26.4% 24.3% Macau, China
2020s 23.0% 35.9% 12.9% Singapore

Averages of every year both report within each decade.

Frequently asked questions

Which has higher external balance on goods and services as a percent of gdp, Macau, China or Singapore?
Macau, China, at 45.4% against 35.4% in Singapore as of 2025.
What is the difference in external balance on goods and services as a percent of gdp between Macau, China and Singapore?
10.0%, with Macau, China ahead.
How many years of comparable data are there for Macau, China and Singapore?
44 years are reported by both, from 1982 to 2025.
How do Macau, China and Singapore rank globally for external balance on goods and services as a percent of gdp?
Macau, China ranks 1st and Singapore ranks 4th of 191 countries.
Where does this data come from?
National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as External balance on goods and services as a percent of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Macau, China vs Singapore: External balance on goods and services as a percent of GDP. Statizoid, drawing on National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Retrieved 16 September 2026, from https://economy.statizoid.com/compare/external-balance-on-goods-and-services-as-a-percent-of-gdp/macao-sar-china/singapore/

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About this data

Indicator
External balance on goods and services as a percent of GDP
Unit
% of GDP
Source
National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
191 places, 9,006 data points, 1960–2025
Last refreshed

Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.