Home Macao SAR, China Government Budget Deficit

Macao SAR, China Budget Deficit

General government net lending/borrowing as % of GDP  GGXCNL_NGDP

4.13% −2.78% (-40.2%)
Year 2025 Rank #8 Global Peak 26.99% (2013) Source IMF WEO

Macao SAR, China Budget Deficit (2001–2025)

Overview

Macao SAR, China's budget deficit stood at 4.13% in 2025, a decline of +2.78% from 2024. The IMF projects 4.13% by 2025. Macao SAR, China ranked 8th globally.

Data & projection

Year Budget Deficit YoY change Rank
2030* IMF 8.27% - -
2029* IMF 7.87% - -
2028* IMF 7.47% - -
2027* IMF 7.07% - -
2026* IMF 5.56% - -
2025* IMF 4.13% - -
2025 4.13% −2.78% #8
2024 6.91% +5.84% #183
2023 1.07% +38.11% #161
2022 -37.04% −24.14% #1
2021 -12.89% +8.52% #7
2020 -21.41% −35.85% #4
2019 14.44% +1.11% #190
2018 13.33% +0.05% #188
2017 13.27% +1.86% #188
2016 11.42% −2.40% #186
2015 13.82% −10.34% #188
2014 24.16% −2.83% #189
2013 26.99% +3.01% #190
2012 23.98% −0.69% #188
2011 24.67% +5.27% #188
Show all years (2001-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +43.4% GDP growth 21.6% C/A balance 40.4%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Macao SAR, China matched the Export Boom Cycle pattern in 2011. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →

Frequently Asked Questions

What is Macao SAR, China's budget deficit?

Macao SAR, China's budget deficit was 4.13% in 2025. Ranked 8th globally. This represents a 40.2% decrease from the previous year.

What was the highest budget deficit in Macao SAR, China?

Macao SAR, China's budget deficit peaked at 26.99% in 2013.

What was the lowest budget deficit in Macao SAR, China?

The lowest budget deficit in Macao SAR, China was -37.04% in 2022.

How does Macao SAR, China rank in budget deficit?

Macao SAR, China ranks 8th globally in budget deficit as of 2025.

What is the World Bank indicator code for budget deficit?

The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.

What is the projected budget deficit of Macao SAR, China in 2025?

Macao SAR, China's budget deficit is projected to reach 4.13% by 2025 based on IMF projection.

What is the budget deficit of Macao SAR, China in 2025?

The budget deficit of Macao SAR, China in 2025 was 4.13%. This ranks 8th in the world.

Cite this page

APA
Macao SAR, China Budget Deficit. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/macao-sar-china/budget-deficit
BibTeX
@misc{historysaid_macao-sar-china_budget-deficit, title = {Macao SAR, China Budget Deficit}, url = {https://historysaid.com/macao-sar-china/budget-deficit}, publisher = {HistorySaid}, year = {2026} }