Insurance and financial services in Macau, China
Macau, China: Insurance and financial services was 21.3% in 2024. ▲ Rising
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 imports, BoP.
Analysis
In 2024, insurance and financial services in Macau, China stood at 21.3%.
The figure is down 10.6% on the previous year and up 58.6% over ten years.
Over the whole period, insurance and financial services in Macau, China peaked at 33.2% in 2021 and was at its lowest, 11.0%, in 2009.
That places Macau, China 5th out of 197 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 23 years of available data.
Insurance and financial services in Macau, China, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2002 | 13.7% | — |
| 2003 | 14.2% | +3.6% |
| 2004 | 14.4% | +1.6% |
| 2005 | 14.8% | +2.5% |
| 2006 | 14.9% | +1.0% |
| 2007 | 14.5% | -2.6% |
| 2008 | 13.4% | -7.9% |
| 2009 | 11.0% | -17.4% |
| 2010 | 12.6% | +14.4% |
| 2011 | 12.3% | -2.6% |
| 2012 | 13.3% | +7.8% |
| 2013 | 14.2% | +6.9% |
| 2014 | 13.4% | -5.2% |
| 2015 | 15.1% | +12.2% |
| 2016 | 17.7% | +17.4% |
| 2017 | 16.9% | -4.6% |
| 2018 | 15.4% | -8.9% |
| 2019 | 17.9% | +16.3% |
| 2020 | 29.7% | +66.0% |
| 2021 | 33.2% | +11.9% |
| 2022 | 32.8% | -1.1% |
| 2023 | 23.8% | -27.4% |
| 2024 | 21.3% | -10.6% |
Macau, China compared with similar countries
- Macau, China's 21.3% is above the median for high income countries, which is 6.2%, 3.4× the median. (72 countries reporting)
- Macau, China's 21.3% is above the median for East Asia & Pacific, which is 4.9%, 4.3× the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.9% | 11.0% | 14.9% | 8 |
| 2010s | 14.9% | 12.3% | 17.9% | 10 |
| 2020s | 28.2% | 21.3% | 33.2% | 5 |
Countries ranked near Macau, China
- 2 Bahrain 35.0% compare
- 3 Cayman Islands 30.2% compare
- 4 Libya 25.6% compare
- 6 Gambia 19.8% compare
- 7 United States of America 19.7% compare
- 8 Tajikistan 19.1% compare
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 21.3% 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 33.2% in 2021.
- What is the lowest insurance and financial services recorded in Macau, China?
- The lowest recorded value was 11.0% in 2009.
- How does Macau, China rank for insurance and financial services?
- Macau, China ranks 5th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Macau, China?
- Over the last ten years it is up 58.6%. The long-run trend across the full record is rising.
- 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 imports, BoP). Statizoid updates them automatically from the source API.
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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 imports which are services provided by non-residents to residents.