Macao SAR, China: Gross national expenditure (constant LCU)

Key figures

What the numbers say

In 2025, Macao SAR, China's gross national expenditure (constant LCU) fell 0.6% on 2024 (from 229.25 billion to 227.89 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +3.5% and a typical year strayed about 9.8% from that (the standard deviation). This year's change was 0.4 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 24% in 2005 and the biggest yearly fall was 13.3% 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 22% 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 92nd highest value of the 123 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

• Moldova — 89th of 123: 250.26 billion
• Portugal — 90th of 123: 247.48 billion
• Finland — 91st of 123: 238.88 billion
• Belarus — 93rd of 123: 224.02 billion
• Namibia — 94th of 123: 223.43 billion
• Greece — 95th of 123: 219.3 billion

What this measures

Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 44 values

Gross national expenditure (constant LCU) in nearby economies

• Brunei Darussalam — 15.62 billion (2025)
• Cambodia — 162.63 trillion (2025)
• China — 127.4 trillion (2025)
• Indonesia — 12,729.4 trillion (2025)
• Japan — 578.5 trillion (2024)
• Kiribati — 768.13 million (2024)
• Korea, Rep. — 2,173.3 trillion (2025)
• Lao PDR — 124.62 trillion (2016)
• Malaysia — 1.68 trillion (2025)
• Marshall Islands — 326.93 million (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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Macao SAR, China's gross national expenditure (constant LCU)?

227.89 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1982?

It is up 584.69% from 33.28 billion in 1982 (4.58% a year on average, compounded). The highest value was 254.38 billion in 2015 and the lowest 33.28 billion in 1982.

How does Macao SAR, China rank?

92nd highest of 123 economies with data for 2025.

Is the latest change in gross national expenditure (constant LCU) unusual for Macao SAR, China?

In 2025, Macao SAR, China's gross national expenditure (constant LCU) fell 0.6% on 2024 (from 229.25 billion to 227.89 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +3.5% and a typical year strayed about 9.8% from that (the standard deviation). This year's change was 0.4 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.DAB.TOTL.KN, 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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