Macao SAR, China: Industry, including construction, value added (annual % growth)

Key figures

What the numbers say

In 2024, Macao SAR, China's industry, including construction, value added (annual % growth) fell 11.9 percentage points on 2023 (from 5.87% to -6.04%).

Across the 14 yearly changes before that (2010 to 2023), the average change was +2.9 percentage points and a typical year strayed about 17.31 percentage points from that (the standard deviation). This year's change was 0.9 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 29.64 percentage points in 2014 and the biggest yearly fall was 31.27 percentage points in 2016. 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 1% 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 26th highest value of the 26 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

• Japan — 22nd of 26: -4.58%
• New Zealand — 23rd of 26: -4.66%
• Lebanon — 24th of 26: -5.85%
• Timor-Leste — 26th of 26: -64.61%

What this measures

Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 16 values

Industry, including construction, value added (annual % growth) in nearby economies

• Australia — -0.58% (2025)
• Brunei Darussalam — 1.91% (2025)
• Cambodia — 8.71% (2025)
• China — 4.5% (2025)
• Fiji — 2.63% (2025)
• Hong Kong SAR, China — -4.98% (2025)
• Indonesia — 3.71% (2025)
• Japan — -4.58% (2024)
• Kiribati — 21.1% (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 industry, including construction, value added (annual % growth)?

-6.04% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2009?

It is up 28.63 percentage points from -34.67% in 2009. The highest value was 32.56% in 2014 and the lowest -34.67% in 2009.

How does Macao SAR, China rank?

26th highest of 26 economies with data for 2024.

Is the latest change in industry, including construction, value added (annual % growth) unusual for Macao SAR, China?

In 2024, Macao SAR, China's industry, including construction, value added (annual % growth) fell 11.9 percentage points on 2023 (from 5.87% to -6.04%). Across the 14 yearly changes before that (2010 to 2023), the average change was +2.9 percentage points and a typical year strayed about 17.31 percentage points from that (the standard deviation). This year's change was 0.9 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 NV.IND.TOTL.KD.ZG, 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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