Macao SAR, China: Gross fixed capital formation (% of GDP)

Key figures

What the numbers say

In 2025, Macao SAR, China's gross fixed capital formation (% of GDP) fell 1.81 percentage points on 2024 (from 13.74% to 11.94%).

Across the 30 yearly changes before that (1995 to 2024), the average change was −0.57 percentage points and a typical year strayed about 5.33 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 12.71 percentage points in 2020 and the biggest yearly fall was 11.25 percentage points in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 21% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Macao SAR, China had the 120th highest value of the 126 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Macao SAR, China in the 2025 ranking

• South Africa — 117th of 126: 13.88%
• Pakistan — 118th of 126: 12.57%
• Haiti — 119th of 126: 12.06%
• Comoros — 121st of 126: 11.85%
• Egypt, Arab Rep. — 122nd of 126: 11.71%
• São Tomé and Principe — 123rd of 126: 8.67%

What this measures

Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 44 values

Gross fixed capital formation (% of GDP) in nearby economies

• Australia — 24.33% (2025)
• Brunei Darussalam — 26.91% (2025)
• Cambodia — 30.91% (2025)
• China — 39.65% (2024)
• Fiji — 20.09% (2024)
• French Polynesia — 21.91% (2024)
• Hong Kong SAR, China — 16.94% (2025)
• Indonesia — 28.77% (2025)
• Japan — 27.81% (2024)
• Kiribati — 29.04% (2024)

More economic policy & debt data for Macao SAR, China

• Adjusted savings, education expenditure (% of GNI) — 4.4% (2021)
• Adjusted savings, carbon dioxide damage (current US$) — US$119.95 million (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Foreign direct investment, net inflows (BoP, current US$) — US$1.15 billion (2025)
• Food, beverages and tobacco (% of value added in manufacturing) — 50.99% (2024)
• Other manufacturing (% of value added in manufacturing) — 40.08% (2024)
• Textiles and clothing (% of value added in manufacturing) — 2.88% (2024)
• General government final consumption expenditure (current US$) — US$6.35 billion (2025)

Reading data like this

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Questions people ask

What is Macao SAR, China's gross fixed capital formation (% of GDP)?

11.94% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1982?

It is down 8.45 percentage points from 20.39% in 1982. The highest value was 35.95% in 2007 and the lowest 9.21% in 2001.

How does Macao SAR, China rank?

120th highest of 126 economies with data for 2025.

Is the latest change in gross fixed capital formation (% of GDP) unusual for Macao SAR, China?

In 2025, Macao SAR, China's gross fixed capital formation (% of GDP) fell 1.81 percentage points on 2024 (from 13.74% to 11.94%). Across the 30 yearly changes before that (1995 to 2024), the average change was −0.57 percentage points and a typical year strayed about 5.33 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.GDI.FTOT.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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