Macao SAR, China: Gross savings (% of GDP)

Key figures

What the numbers say

In 2024, Macao SAR, China's gross savings (% of GDP) rose 3.24 percentage points on 2023 (from 44.58% to 47.82%).

Across the 21 yearly changes before that (2003 to 2023), the average change was +0.15 percentage points and a typical year strayed about 5.54 percentage points from that (the standard deviation). This year's change was 0.6 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 9.82 percentage points in 2007 and the biggest yearly fall was 12.27 percentage points in 2008. 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 20% 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 1st 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

• Bermuda — 2nd of 48: 45.64%
• Kuwait — 3rd of 48: 44.13%
• China — 4th of 48: 42.72%

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 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 23 values

Gross savings (% of GDP) in nearby economies

• Australia — 22.15% (2025)
• Brunei Darussalam — 45.33% (2025)
• Cambodia — 39.09% (2025)
• China — 42.72% (2024)
• Fiji — 13.06% (2024)
• French Polynesia — 23.29% (2016)
• Hong Kong SAR, China — 30.55% (2025)
• Indonesia — 35.04% (2025)
• Japan — 32.06% (2024)
• Kiribati — 12.85% (2024)
• Korea, Rep. — 35.6% (2025)
• Lao PDR

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 (% of GDP)?

47.82% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2002?

It is up 6.4 percentage points from 41.42% in 2002. The highest value was 58.23% in 2007 and the lowest 29.81% in 2021.

How does Macao SAR, China rank?

1st highest of 48 economies with data for 2024.

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

In 2024, Macao SAR, China's gross savings (% of GDP) rose 3.24 percentage points on 2023 (from 44.58% to 47.82%). Across the 21 yearly changes before that (2003 to 2023), the average change was +0.15 percentage points and a typical year strayed about 5.54 percentage points from that (the standard deviation). This year's change was 0.6 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.ZS, 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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