Macao SAR, China: Industry, including construction, value added (constant 2015 US$)

Key figures

What the numbers say

In 2024, Macao SAR, China's industry, including construction, value added (constant 2015 US$) fell 6% on 2023 (from US$2.11 billion to US$1.98 billion).

Across the 15 yearly changes before that (2009 to 2023), the average change was −2.3% and a typical year strayed about 16.5% from that (the standard deviation). This year's change was 0.2 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 32.6% in 2014 and the biggest yearly fall was 34.7% in 2009. 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 US$125.15 million a year. A straight line explains 62% 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 13th 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

• Trinidad and Tobago — 10th of 26: US$7.21 billion
• Lebanon — 11th of 26: US$5.07 billion
• Afghanistan — 12th of 26: US$4.34 billion
• Bahamas, The — 14th of 26: US$1.25 billion
• Suriname — 15th of 26: US$1.13 billion
• Barbados — 16th of 26: US$766.32 million

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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed 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 gap-filled total.

All 17 values

Industry, including construction, value added (constant 2015 US$) in nearby economies

• Australia — US$367.23 billion (2025)
• Brunei Darussalam — US$8.04 billion (2025)
• Cambodia — US$18.33 billion (2025)
• China — US$7.27 trillion (2025)
• Fiji — US$737.47 million (2025)
• Hong Kong SAR, China — US$21.3 billion (2025)
• Indonesia — US$483.66 billion (2025)
• Japan — US$1.32 trillion (2024)
• Kiribati

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 (constant 2015 US$)?

US$1.98 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is down 45.72% from US$3.65 billion in 2008 (3.75% a year on average, compounded). The highest value was US$3.65 billion in 2008 and the lowest US$1.95 billion in 2010.

How does Macao SAR, China rank?

13th highest of 26 economies with data for 2024.

Is the latest change in industry, including construction, value added (constant 2015 US$) unusual for Macao SAR, China?

Source

World Bank, World Development Indicators, indicator NV.IND.TOTL.KD, 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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