Current account balance as a share of GDP in Macao
Macao: Current account balance as a share of GDP was 36.3% in 2024. ▼ Falling
Current account balance as a share of GDP in Macao, 2002–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Macao is 36.3%, measured in 2024.
Compared with earlier readings it is up 15.6% on the previous year and up 11.0% over ten years.
Over the whole period, current account balance as a share of gdp in Macao peaked at 40.4% in 2011 and was at its lowest, 8.5%, in 2021.
Macao ranks 1st of 193 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 23 years of available data.
Current account balance as a share of GDP in Macao, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 31.5% | — |
| 2003 | 30.6% | -2.9% |
| 2004 | 33.0% | +7.6% |
| 2005 | 23.6% | -28.2% |
| 2006 | 14.9% | -37.0% |
| 2007 | 21.7% | +45.6% |
| 2008 | 15.6% | -28.2% |
| 2009 | 27.5% | +77.0% |
| 2010 | 38.9% | +41.3% |
| 2011 | 40.4% | +3.8% |
| 2012 | 38.8% | -3.8% |
| 2013 | 39.3% | +1.3% |
| 2014 | 32.7% | -16.9% |
| 2015 | 23.4% | -28.4% |
| 2016 | 26.6% | +13.7% |
| 2017 | 30.8% | +15.6% |
| 2018 | 32.9% | +6.9% |
| 2019 | 33.5% | +1.8% |
| 2020 | 13.8% | -58.8% |
| 2021 | 8.5% | -38.4% |
| 2022 | 13.6% | +60.1% |
| 2023 | 31.4% | +130.6% |
| 2024 | 36.3% | +15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.8% | 14.9% | 33.0% | 8 |
| 2010s | 33.7% | 23.4% | 40.4% | 10 |
| 2020s | 20.7% | 8.5% | 36.3% | 5 |
Countries ranked near Macao
- 2 Marshall Islands 29.2% compare
- 3 Kuwait 29.1% compare
- 4 San Marino 22.0% compare
More economy & growth data for Macao
- GNI (current LCU), per capita 571,780 current LCU per person (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 8.9 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9672 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), per capita 163.91 current US$ per person (2024)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0023 current US$ per US$ of GDP (2024)
- Taxes less subsidies on products (current US$), annual growth rate -0.1109 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 56.57 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 56.43 % change on previous year (2024)
- GNI (current US$), annual growth rate 10.4 % change on previous year (2024)
- GNI (current US$), per unit of GDP 0.9881 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is current account balance as a share of gdp in Macao?
- Current account balance as a share of gdp in Macao was 36.3% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Macao?
- The highest recorded value was 40.4% in 2011.
- What is the lowest current account balance as a share of gdp recorded in Macao?
- The lowest recorded value was 8.5% in 2021.
- How does Macao rank for current account balance as a share of gdp?
- Macao ranks 1st out of 193 countries with data for 2024.
- Is current account balance as a share of gdp rising or falling in Macao?
- Over the last ten years it is up 11.0%. The long-run trend across the full record is falling.
- Where does this Macao data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).