Insurance and financial services (% of commercial service imports) in Macao
Macao: Insurance and financial services (% of commercial service imports) was 23.7% in 2025. ▲ Rising
Insurance and financial services in Macao, 2002–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
In 2025, insurance and financial services in Macao stood at 23.7%.
The figure is up 8.4% on the previous year and up 50.4% over ten years.
Over the whole period, insurance and financial services in Macao peaked at 34.2% in 2021 and was at its lowest, 11.6%, in 2009.
That places Macao 5th out of 197 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 24 years of available data.
Insurance and financial services (% of commercial service imports) in Macao, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2002 | 14.0% | — |
| 2003 | 14.5% | +3.8% |
| 2004 | 14.8% | +1.5% |
| 2005 | 15.2% | +2.7% |
| 2006 | 15.3% | +1.1% |
| 2007 | 14.9% | -2.7% |
| 2008 | 13.8% | -7.4% |
| 2009 | 11.6% | -16.1% |
| 2010 | 12.9% | +11.6% |
| 2011 | 12.6% | -2.1% |
| 2012 | 13.7% | +8.4% |
| 2013 | 14.7% | +7.4% |
| 2014 | 14.0% | -4.8% |
| 2015 | 15.8% | +12.6% |
| 2016 | 18.5% | +17.4% |
| 2017 | 17.5% | -5.5% |
| 2018 | 15.9% | -9.0% |
| 2019 | 18.6% | +16.9% |
| 2020 | 31.1% | +67.4% |
| 2021 | 34.2% | +10.0% |
| 2022 | 34.0% | -0.6% |
| 2023 | 24.5% | -28.0% |
| 2024 | 21.9% | -10.7% |
| 2025 | 23.7% | +8.4% |
Macao compared with similar countries
- Macao's 23.7% is above the median for high income countries, which is 6.4%, 3.7× the median. (72 countries reporting)
- Macao's 23.7% is above the median for East Asia & Pacific, which is 5.2%, 4.6× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Macao 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 | +67.4% | 18.6% | 31.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.3% | 11.6% | 15.3% | 8 |
| 2010s | 15.4% | 12.6% | 18.6% | 10 |
| 2020s | 28.2% | 21.9% | 34.2% | 6 |
Countries ranked near Macao
- 2 Bahrain 33.8% compare
- 3 Cayman Islands 30.3% compare
- 4 Libya 27.7% compare
- 6 United States 23.6% compare
- 7 Iraq 21.4% compare
- 8 Democratic Republic of Congo 20.0% compare
More private sector data for Macao
- Merchandise trade 33.2% (2025)
- Food imports 18.3% (2025)
- Manufactures imports 70.3% (2025)
- Merchandise imports 15.54 billion current US$ (2025)
- Commercial service imports 7.02 billion current US$ (2025)
- Food exports 37.2% (2025)
- Manufactures exports 5.9% (2025)
- Merchandise exports 1.73 billion current US$ (2025)
- Commercial service exports 43.56 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,528 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Macao?
- Insurance and financial services in Macao was 23.7% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Macao?
- The highest recorded value was 34.2% in 2021.
- What is the lowest insurance and financial services recorded in Macao?
- The lowest recorded value was 11.6% in 2009.
- How does Macao rank for insurance and financial services?
- Macao ranks 5th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Macao?
- Over the last ten years it is up 50.4%. The long-run trend across the full record is rising.
- Where does this Macao 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 imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 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 imports which are commercial services provided by non-residents to residents.