Macao SAR, China's gross Value Added (GVA) at basic prices (constant LCU) was 383.29 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 22.15% from 492.37 billion in 2014 (2.47% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 383.29 billion | 2024 |
| Five years earlier | 436.3 billion | 2019 |
| Ten years earlier | 492.37 billion | 2014 |
| Highest | 503.34 billion | 2013 |
| Lowest | 200.42 billion | 2020 |
| Average since 2015 | 348.57 billion | 2015–2024 |
| First recorded | 255.4 billion |
What the numbers say
In 2024, Macao SAR, China's gross Value Added (GVA) at basic prices (constant LCU) rose 8.2% on 2023 (from 354.28 billion to 383.29 billion).
Across the 15 yearly changes before that (2009 to 2023), the average change was +5.9% and a typical year strayed about 27.3% from that (the standard deviation). This year's change was 0.1 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 69.5% in 2023 and the biggest yearly fall was 54.1% 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 18% 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 6th highest value of the 25 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
- United Arab Emirates — 3rd of 25: 1.78 trillion
- Israel — 4th of 25: 1.54 trillion
- Afghanistan — 5th of 25: 1.02 trillion
- New Zealand — 7th of 25: 328.39 billion
- Bolivia — 8th of 25: 302.83 billion
- Bhutan — 9th of 25: 199.49 billion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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 17 values
| Year | Gross Value Added (GVA) at basic prices (constant LCU) |
|---|---|
| 2024 | 383,293,000,000 |
| 2023 | 354,275,000,000 |
| 2022 | 209,001,601,230 |
| 2021 | 253,878,287,585 |
| 2020 | 200,422,722,975 |
| 2019 | 436,300,265,921 |
| 2018 | 447,931,204,714 |
| 2017 | 422,686,593,631 |
| 2016 | 388,425,777,825 |
| 2015 | 389,438,127,302 |
Gross Value Added (GVA) at basic prices (constant LCU) in nearby economies
- Australia — 2.54 trillion (2025)
- Brunei Darussalam — 20.18 billion (2025)
- Cambodia — 150.16 trillion (2025)
- Fiji — 10.69 billion (2025)
- Hong Kong SAR, China — 3.06 trillion (2025)
- Indonesia — 13,003.2 trillion (2025)
- Japan — 587.58 trillion (2024)
- Kiribati — 378.2 million (2024)
- Korea, Rep. — 2,149.32 trillion (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
Questions people ask
- What is Macao SAR, China's gross Value Added (GVA) at basic prices (constant LCU)?
- 383.29 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2008?
- It is up 50.08% from 255.4 billion in 2008 (2.57% a year on average, compounded). The highest value was 503.34 billion in 2013 and the lowest 200.42 billion in 2020.
- How does Macao SAR, China rank?
- 6th highest of 25 economies with data for 2024.
- Is the latest change in gross Value Added (GVA) at basic prices (constant LCU) unusual for Macao SAR, China?
- In 2024, Macao SAR, China's gross Value Added (GVA) at basic prices (constant LCU) rose 8.2% on 2023 (from 354.28 billion to 383.29 billion). Across the 15 yearly changes before that (2009 to 2023), the average change was +5.9% and a typical year strayed about 27.3% from that (the standard deviation). This year's change was 0.1 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.GDP.FCST.KN, 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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