Insurance and financial services in Macau, China
Macau, China: Insurance and financial services was 7.0% in 2024. ◆ Volatile
Insurance and financial services in Macau, China, 2002–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
The most recent figure for insurance and financial services in Macau, China is 7.0%, measured in 2024.
Compared with earlier readings it is down 18.6% on the previous year and up 167.7% over ten years.
Over the whole period, insurance and financial services in Macau, China peaked at 23.7% in 2022 and was at its lowest, 1.3%, in 2011.
Macau, China ranks 50th of 190 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Macau, China, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2002 | 2.3% | — |
| 2003 | 2.2% | -2.0% |
| 2004 | 1.7% | -25.5% |
| 2005 | 2.0% | +20.3% |
| 2006 | 1.8% | -7.7% |
| 2007 | 2.0% | +8.4% |
| 2008 | 2.3% | +17.4% |
| 2009 | 1.5% | -34.4% |
| 2010 | 1.8% | +18.6% |
| 2011 | 1.3% | -29.7% |
| 2012 | 1.6% | +25.1% |
| 2013 | 1.9% | +19.8% |
| 2014 | 2.6% | +35.8% |
| 2015 | 3.8% | +45.6% |
| 2016 | 4.1% | +9.2% |
| 2017 | 3.7% | -11.4% |
| 2018 | 3.6% | -3.2% |
| 2019 | 4.4% | +23.4% |
| 2020 | 15.2% | +247.8% |
| 2021 | 12.4% | -18.8% |
| 2022 | 23.7% | +91.5% |
| 2023 | 8.6% | -63.8% |
| 2024 | 7.0% | -18.6% |
Macau, China compared with similar countries
- Macau, China's 7.0% is above the median for high income countries, which is 5.3%, 1.3× the median. (69 countries reporting)
- Macau, China's 7.0% is above the median for East Asia & Pacific, which is 1.4%, 4.9× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Macau, China changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +247.8% | 4.4% | 15.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.0% | 1.5% | 2.3% | 8 |
| 2010s | 2.9% | 1.3% | 4.4% | 10 |
| 2020s | 13.4% | 7.0% | 23.7% | 5 |
Countries ranked near Macau, China
More private sector data for Macau, China
- Merchandise trade 33.2% (2025)
- Food imports 18.5% (2024)
- Manufactures imports 71.7% (2024)
- Merchandise imports 15.54 billion current US$ (2025)
- Food exports 17.8% (2024)
- Manufactures exports 39.2% (2024)
- Merchandise exports 1.73 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,528 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0333 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.34 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Macau, China?
- Insurance and financial services in Macau, China was 7.0% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Macau, China?
- The highest recorded value was 23.7% in 2022.
- What is the lowest insurance and financial services recorded in Macau, China?
- The lowest recorded value was 1.3% in 2011.
- How does Macau, China rank for insurance and financial services?
- Macau, China ranks 50th out of 190 countries with data for 2024.
- Is insurance and financial services rising or falling in Macau, China?
- Over the last ten years it is up 167.7%. The long-run trend across the full record is volatile.
- Where does this Macau, China data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.