Macao SAR, China: Gross savings (current US$)

Key figures

What the numbers say

In 2024, Macao SAR, China's gross savings (current US$) rose 16.3% on 2023 (from US$20.34 billion to US$23.65 billion).

Across the 21 yearly changes before that (2003 to 2023), the average change was +15% and a typical year strayed about 36.8% from that (the standard deviation). This year's change was 0.0 standard deviations above 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 131.9% in 2023 and the biggest yearly fall was 61.6% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 13% 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 2024, Macao SAR, China had the 12th highest value of the 48 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 2024 ranking

• Ethiopia — 9th of 48: US$29.46 billion
• Tanzania — 10th of 48: US$28.93 billion
• Panama — 11th of 48: US$28.55 billion
• Angola — 13th of 48: US$16.37 billion
• Bahrain — 14th of 48: US$15.77 billion
• Côte d'Ivoire — 15th of 48: US$14.94 billion

What this measures

Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 23 values

Gross savings (current US$) in nearby economies

• Australia — US$398.4 billion (2025)
• Brunei Darussalam — US$6.81 billion (2025)
• Cambodia — US$20.04 billion (2025)
• China — US$8 trillion (2024)
• Fiji — US$779.18 million (2024)
• French Polynesia — US$1.28 billion (2016)
• Hong Kong SAR, China — US$130.55 billion (2025)
• Indonesia — US$506.6 billion (2025)
• Japan — US$1.34 trillion (2024)
• Kiribati — US$44.11 million (2024)
• Korea, Rep. — US$666.54 billion (2025)

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 savings (current US$)?

US$23.65 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 674.76% from US$3.05 billion in 2002 (9.75% a year on average, compounded). The highest value was US$28.83 billion in 2014 and the lowest US$3.05 billion in 2002.

How does Macao SAR, China rank?

12th highest of 48 economies with data for 2024.

Is the latest change in gross savings (current US$) unusual for Macao SAR, China?

In 2024, Macao SAR, China's gross savings (current US$) rose 16.3% on 2023 (from US$20.34 billion to US$23.65 billion). Across the 21 yearly changes before that (2003 to 2023), the average change was +15% and a typical year strayed about 36.8% from that (the standard deviation). This year's change was 0.0 standard deviations above 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 NY.GNS.ICTR.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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