Insurance and financial services in Macau, China
Macau, China: Insurance and financial services was 7.0% in 2024. ◆ Volatile
Insurance and financial services in Macau, China, 2002–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
Macau, China recorded 7.0% for insurance and financial services in 2024.
Compared with earlier readings it is down 18.6% on the previous year and up 167.7% over ten years.
Over the whole period, insurance and financial services in Macau, China peaked at 23.7% in 2022 and was at its lowest, 1.3%, in 2011.
Macau, China ranks 49th of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Macau, China, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 2002 | 2.3% | — |
| 2003 | 2.2% | -2.0% |
| 2004 | 1.7% | -25.5% |
| 2005 | 2.0% | +20.3% |
| 2006 | 1.8% | -7.7% |
| 2007 | 2.0% | +8.4% |
| 2008 | 2.3% | +17.4% |
| 2009 | 1.5% | -34.4% |
| 2010 | 1.8% | +18.6% |
| 2011 | 1.3% | -29.7% |
| 2012 | 1.6% | +25.1% |
| 2013 | 1.9% | +19.8% |
| 2014 | 2.6% | +35.8% |
| 2015 | 3.8% | +45.6% |
| 2016 | 4.1% | +9.2% |
| 2017 | 3.7% | -11.4% |
| 2018 | 3.6% | -3.2% |
| 2019 | 4.4% | +23.4% |
| 2020 | 15.2% | +247.8% |
| 2021 | 12.4% | -18.8% |
| 2022 | 23.7% | +91.5% |
| 2023 | 8.6% | -63.8% |
| 2024 | 7.0% | -18.6% |
Macau, China compared with similar countries
- Macau, China's 7.0% is above the median for high income countries, which is 5.3%, 1.3× the median. (69 countries reporting)
- Macau, China's 7.0% is above the median for East Asia & Pacific, which is 1.3%, 5.2× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Macau, China changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +247.8% | 4.4% | 15.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.0% | 1.5% | 2.3% | 8 |
| 2010s | 2.9% | 1.3% | 4.4% | 10 |
| 2020s | 13.4% | 7.0% | 23.7% | 5 |
Countries ranked near Macau, China
More economy & growth data for Macau, China
- Gross fixed capital formation (current US$), per unit of GDP 0.1194 current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,806 BoP, current US$ per person (2024)
- General government final consumption expenditure (constant 2015 US$) 0.0988 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 7,499 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1.72 % change on previous year (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0251 BoP, current US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current US$) 0.3012 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 22,860 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 1.63 % change on previous year (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.24 billion BoP, current US$ (2024)
Frequently asked questions
- What is insurance and financial services in Macau, China?
- Insurance and financial services in Macau, China was 7.0% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Macau, China?
- The highest recorded value was 23.7% in 2022.
- What is the lowest insurance and financial services recorded in Macau, China?
- The lowest recorded value was 1.3% in 2011.
- How does Macau, China rank for insurance and financial services?
- Macau, China ranks 49th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Macau, China?
- Over the last ten years it is up 167.7%. The long-run trend across the full record is volatile.
- Where does this Macau, China data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.