Macao SAR, China: Subsidies and other transfers (current LCU)

Key figures

What the numbers say

In 2024, Macao SAR, China's subsidies and other transfers (current LCU) rose 17.6% on 2023 (from 23.48 billion to 27.62 billion).

Across the 27 yearly changes before that (1997 to 2023), the average change was +17.5% and a typical year strayed about 46.2% from that (the standard deviation). This year's change was 0.0 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 192.8% in 2008 and the biggest yearly fall was 43.5% 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 the straight-line trend is upward, about 1.71 billion a year. A straight line explains 37% 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 66th highest value of the 89 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

• Namibia — 63rd of 89: 33.11 billion
• Slovak Republic — 64th of 89: 28.89 billion
• Zambia — 65th of 89: 27.81 billion
• Singapore — 67th of 89: 27.56 billion
• Luxembourg — 68th of 89: 21.71 billion
• Lithuania — 69th of 89: 19.38 billion

What this measures

Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 29 values

Subsidies and other transfers (current LCU) in nearby economies

• Australia — 447.35 billion (2022)
• Cambodia — 8.4 trillion (2023)
• Fiji — 1.41 billion (2024)
• Kiribati — 130.48 million (2023)
• Korea, Rep. — 484.57 trillion (2024)
• Lao PDR — 2.63 trillion (2022)
• Malaysia — 135.38 billion (2024)
• Marshall Islands — 24.54 million (2020)
• Micronesia, Fed. Sts. — 6.75 million (2020)
• Mongolia — 10.27 trillion (2024)

More public sector data for Macao SAR, China

• Intentional homicides (per 100,000 people) — 0.56 (2023)
• Net investment in nonfinancial assets (current LCU) — 18.9 billion (2024)
• Net investment in nonfinancial assets (% of GDP) — 4.75% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — 27.87 billion (2024)
• Net lending (+) / net borrowing (-) (% of GDP) — 7.01% (2024)
• Grants and other revenue (current LCU) — 16.91 billion (2024)
• Grants and other revenue (% of revenue) — 13.38% (2024)
• Social contributions (current LCU) — 479.01 million (2024)
• Social contributions (% of revenue)

Reading data like this

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Questions people ask

What is Macao SAR, China's subsidies and other transfers (current LCU)?

27.62 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is up 1,743% from 1.5 billion in 1996 (10.97% a year on average, compounded). The highest value was 41.55 billion in 2022 and the lowest 787.8 million in 2000.

How does Macao SAR, China rank?

66th highest of 89 economies with data for 2024.

Is the latest change in subsidies and other transfers (current LCU) unusual for Macao SAR, China?

In 2024, Macao SAR, China's subsidies and other transfers (current LCU) rose 17.6% on 2023 (from 23.48 billion to 27.62 billion). Across the 27 yearly changes before that (1997 to 2023), the average change was +17.5% and a typical year strayed about 46.2% from that (the standard deviation). This year's change was 0.0 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 GC.XPN.TRFT.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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