Macao SAR, China's net secondary income (net current transfers from abroad) (current US$) was −US$3.65 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 67.88% from −US$2.17 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$3.65 billion | 2024 |
| Five years earlier | −US$3.01 billion | 2019 |
| Ten years earlier | −US$2.17 billion | 2014 |
| Highest | −US$111.21 million | 2002 |
| Lowest | −US$3.65 billion | 2024 |
| Average since 2015 | −US$2.3 billion | 2015–2024 |
| First recorded | −US$111.21 million |
What the numbers say
In 2024, Macao SAR, China's net secondary income (net current transfers from abroad) (current US$) fell US$587.49 million on 2023 (from −US$3.06 billion to −US$3.65 billion).
Across the 21 yearly changes before that (2003 to 2023), the average change was −US$140.39 million and a typical year strayed about US$587.87 million from that (the standard deviation). This year's change was 0.8 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 US$1.57 billion in 2020 and the biggest yearly fall was US$1.89 billion in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 6% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Macao SAR, China had the 45th highest value of the 54 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Macao SAR, China in the 2024 ranking
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 23 values
| Year | Net secondary income (net current transfers from abroad) (current US$) |
|---|---|
| 2024 | -3,646,810,540 |
| 2023 | -3,059,321,204 |
| 2022 | -1,164,508,383 |
| 2021 | -1,600,330,871 |
| 2020 | -1,437,240,066 |
| 2019 | -3,009,130,819 |
| 2018 | -2,690,737,834 |
| 2017 | -2,201,519,786 |
| 2016 | -2,142,221,751 |
| 2015 | -2,032,045,245 |
Net secondary income (net current transfers from abroad) (current US$) in nearby economies
- Australia — −US$337.19 million (2025)
- Brunei Darussalam — −US$718.33 million (2025)
- Cambodia — US$2.48 billion (2025)
- China — US$21.94 billion (2025)
- Fiji — US$491.16 million (2025)
- French Polynesia — US$594.47 million (2024)
- Hong Kong SAR, China — −US$3.01 billion (2025)
- Indonesia — US$6.72 billion (2025)
More economic policy & debt data for Macao SAR, China
- Adjusted savings, education expenditure (% of GNI) — 4.4% (2021)
- Adjusted savings, carbon dioxide damage (current US$) — 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$6.35 billion (2025)
Reading data like this
Questions people ask
- What is Macao SAR, China's net secondary income (net current transfers from abroad) (current US$)?
- −US$3.65 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2002?
- It is down 3,179% from −US$111.21 million in 2002. The highest value was −US$111.21 million in 2002 and the lowest −US$3.65 billion in 2024.
- How does Macao SAR, China rank?
- 45th highest of 54 economies with data for 2024.
- Is the latest change in net secondary income (net current transfers from abroad) (current US$) unusual for Macao SAR, China?
Source
World Bank, World Development Indicators, indicator NY.TRF.NCTR.CD, 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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