Macao SAR, China's gross savings (% of GNI) was 48.4% in 2024, the latest year in the World Bank's World Development Indicators. That is down 14.07 percentage points from 62.47% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 48.4% | 2024 |
| Five years earlier | 53.23% | 2019 |
| Ten years earlier | 62.47% | 2014 |
| Highest | 64.31% | 2013 |
| Lowest | 29.96% | 2022 |
| Average since 2015 | 46.05% | 2015–2024 |
| First recorded | 41.88% | 2002 |
What the numbers say
In 2024, Macao SAR, China's gross savings (% of GNI) rose 2.45 percentage points on 2023 (from 45.95% to 48.4%).
Across the 21 yearly changes before that (2003 to 2023), the average change was +0.19 percentage points and a typical year strayed about 6.98 percentage points from that (the standard deviation). This year's change was 0.3 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 15.99 percentage points in 2023 and the biggest yearly fall was 20.24 percentage points 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 the straight-line trend is downward, about 2.02 percentage points a year. A straight line explains 31% of the movement over 10 observed years.
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 2nd 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.
| Value | Year | |
|---|---|---|
| Macao SAR, China | 48.4% | 2024 |
| World | 26.55% | 2024 |
| East Asia & Pacific | 38.14% | 2024 |
| High income | 22.52% | 2024 |
Closest to Macao SAR, China in the 2024 ranking
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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 23 values
| Year | Gross savings (% of GNI) |
|---|---|
| 2024 | 48.4 |
| 2023 | 45.95 |
| 2022 | 29.96 |
| 2021 | 29.97 |
| 2020 | 32.99 |
| 2019 | 53.23 |
| 2018 | 56.38 |
| 2017 | 56.22 |
| 2016 | 53.27 |
| 2015 | 54.13 |
| 2014 |
Gross savings (% of GNI) in nearby economies
- Australia — 22.79% (2025)
- Brunei Darussalam — 43.91% (2025)
- Cambodia — 39.79% (2025)
- China — 43.01% (2024)
- Fiji — 13.92% (2024)
- French Polynesia — 21.24% (2016)
- Hong Kong SAR, China — 27.77% (2025)
- Indonesia — 36% (2025)
- Japan — 30.22% (2024)
- Kiribati — 8.34% (2024)
- Korea, Rep. — 35% (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
Questions people ask
- What is Macao SAR, China's gross savings (% of GNI)?
- 48.4% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is up 6.52 percentage points from 41.88% in 2002. The highest value was 64.31% in 2013 and the lowest 29.96% in 2022.
- How does Macao SAR, China rank?
- 2nd highest of 48 economies with data for 2024.
- Is the latest change in gross savings (% of GNI) unusual for Macao SAR, China?
- In 2024, Macao SAR, China's gross savings (% of GNI) rose 2.45 percentage points on 2023 (from 45.95% to 48.4%). Across the 21 yearly changes before that (2003 to 2023), the average change was +0.19 percentage points and a typical year strayed about 6.98 percentage points from that (the standard deviation). This year's change was 0.3 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.GN.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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