Insurance and financial services in Macau, China
Macau, China: Insurance and financial services was 22.1% in 2024. ▲ Rising
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 imports.
Analysis
In 2024, insurance and financial services in Macau, China stood at 22.1%.
The figure is down 10.0% on the previous year and up 57.5% over ten years.
Over the whole period, insurance and financial services in Macau, China peaked at 34.2% in 2021 and was at its lowest, 11.6%, in 2009.
That places Macau, China 5th out of 197 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 23 years of available data.
Insurance and financial services in Macau, China, 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 | 22.1% | -10.0% |
Macau, China compared with similar countries
- Macau, China's 22.1% is above the median for high income countries, which is 6.4%, 3.5× the median. (72 countries reporting)
- Macau, China's 22.1% is above the median for East Asia & Pacific, which is 5.2%, 4.2× the median. (32 countries reporting)
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 | 29.2% | 22.1% | 34.2% | 5 |
Countries ranked near Macau, China
- 2 Bahrain 35.0% compare
- 3 Cayman Islands 30.3% compare
- 4 Libya 27.7% compare
- 6 United States of America 20.3% compare
- 7 Congo, Democratic Republic of the 20.0% compare
- 8 Gambia 19.8% compare
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 22.1% 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 34.2% in 2021.
- What is the lowest insurance and financial services recorded in Macau, China?
- The lowest recorded value was 11.6% in 2009.
- How does Macau, China rank for insurance and financial services?
- Macau, China ranks 5th out of 197 countries with data for 2024.
- Is insurance and financial services rising or falling in Macau, China?
- Over the last ten years it is up 57.5%. The long-run trend across the full record is rising.
- 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 imports). Statizoid updates them automatically from the source API.
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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.