Macao SAR, China Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Macao SAR, China's credit to gdp was 103.32% in 2025, ranked 18th globally. This represents a 20.3% decrease from 2024. Data from World Bank, covering 1984–2025.
Overview
Macao SAR, China's credit to gdp stood at 103.32% in 2025, a decline of +26.31% from 2024. Based on recent trends, this figure is projected to reach 103.32% by 2025. Macao SAR, China ranked 18th globally.
Macao’s credit‑to‑GDP ratio has risen sharply from an early‑record 52.43 in 1984 to a 2025 level of 103.32, placing it eighteenth globally and just below peers such as France (103.98) and the United Kingdom (102.50). The indicator surged to an all‑time peak of 287.36 in 2022, reflecting the territory’s rapid expansion of banking assets and the dominance of its gaming‑driven economy, before retreating from the trough of 40.72 recorded in 2004 during a period of modest financial development. Over the 42‑year coverage span, the upward trajectory has been driven by liberalised credit markets, high levels of foreign investment, and a fiscal framework that encourages borrowing to fund infrastructure and tourism projects. Should regulatory tightening or a slowdown in casino revenues occur, the ratio could stabilize or decline; however, continued diversification of the economy and sustained credit growth suggest the upward trend is likely to persist in the near term.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 30.07% | - | - |
| 2026* trend | 66.70% | - | - |
| 2025* trend | 103.32% | - | - |
| 2025 | 103.32% | −26.31% | #18 |
| 2024 | 129.63% | −17.04% | #117 |
| 2023 | 146.67% | −140.69% | #142 |
| 2022 | 287.36% | +54.84% | #158 |
| 2021 | 232.52% | −37.31% | #163 |
| 2020 | 269.84% | +150.05% | #168 |
| 2019 | 119.79% | +5.93% | #159 |
| 2018 | 113.86% | +0.23% | #155 |
| 2017 | 113.63% | −4.05% | #158 |
| 2016 | 117.67% | +9.16% | #160 |
| 2015 | 108.51% | +31.16% | #154 |
| 2014 | 77.35% | +14.83% | #137 |
| 2013 | 62.52% | +4.94% | #124 |
| 2012 | 57.57% | +1.45% | #115 |
| 2011 | 56.13% | −0.74% | #113 |
Detected Pattern
Analysis
Macao SAR, China matched the Export Boom Cycle pattern in 2011. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Macao SAR, China's credit to gdp was 103.32% in 2025. Ranked 18th globally. This represents a 20.3% decrease from the previous year.
Macao SAR, China's credit to gdp peaked at 287.36% in 2022.
The lowest credit to gdp in Macao SAR, China was 40.72% in 2004.
Macao SAR, China ranks 18th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Macao SAR, China's credit to gdp is projected to reach 103.32% by 2025 based on trend extrapolation.
The credit to gdp of Macao SAR, China in 2025 was 103.32%. This ranks 18th in the world.
Cite this page
@misc{historysaid_macao-sar-china_credit-to-gdp,
title = {Macao SAR, China Credit to GDP},
url = {https://historysaid.com/macao-sar-china/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}