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Macao SAR, China Government Spending

Government expenditure as % of GDP  GC.XPN.TOTL.GD.ZS

Macao SAR, China's government spending was 37.29% in 2025, ranked 28th globally. This represents a 90.4% increase from 2024. Data from World Bank, covering 1996–2025.

37.29% +17.71% (+90.4%)
Year 2025 Rank #28 Global Peak 49.17% (2022) Source World Bank

Macao SAR, China Government Spending (1996–2025)

Overview

Macao SAR, China's government spending stood at 37.29% in 2025, a rise of +17.71% from 2023. Based on recent trends, this figure is projected to reach 37.29% by 2025. Macao SAR, China ranked 28th globally.

Macao’s government‑spending share of GDP has risen sharply over the 29‑year series, climbing from a low of 10.07 in 2007 to an all‑time peak of 49.17 in 2022 before easing to 37.29 in 2025, ranking it 28th globally. The post‑2007 surge reflects the region’s expanding public‑sector role in supporting tourism infrastructure and social services, while the 2022 peak coincided with heightened fiscal stimulus during the pandemic recovery. By contrast, Latvia’s comparable share of 37.41 and Portugal’s 37.13 illustrate that Macao now sits alongside advanced economies that maintain relatively high public expenditure levels, albeit still below the region’s own historic high. The modest decline from the 2022 apex suggests a gradual normalization of fiscal policy, yet any resurgence in tourism demand or new public‑investment programmes could lift the ratio again, keeping the upward trajectory plausible.

Data & projection

Year Government Spending YoY change Rank
2026* trend 38.64% - -
2025* trend 37.29% - -
2025 37.29% +17.71% #28
2023 19.59% −29.59% #24
2022 49.17% +17.42% #107
2021 31.76% −11.45% #74
2020 43.21% +27.36% #117
2019 15.85% +1.24% #27
2018 14.60% −0.61% #23
2017 15.21% −1.13% #25
2016 16.35% +0.93% #30
2015 15.41% +4.05% #28
2014 11.36% +0.90% #9
2013 10.47% −0.44% #7
2012 10.90% −1.09% #9
2011 12.00% −2.70% #12
2010 14.70% −2.35% #21
Show all years (1996-2025)
* Linear trend extrapolation

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 government spending improve within 24 months. View full analysis →

Frequently Asked Questions

What is Macao SAR, China's government spending?▾

Macao SAR, China's government spending was 37.29% in 2025. Ranked 28th globally. This represents a 90.4% increase from the previous year.

What was the highest government spending in Macao SAR, China?▾

Macao SAR, China's government spending peaked at 49.17% in 2022.

What was the lowest government spending in Macao SAR, China?▾

The lowest government spending in Macao SAR, China was 10.07% in 2007.

How does Macao SAR, China rank in government spending?▾

Macao SAR, China ranks 28th globally in government spending as of 2025.

What is the World Bank indicator code for government spending?▾

The World Bank indicator code is GC.XPN.TOTL.GD.ZS. Data sourced from World Bank.

What is the projected government spending of Macao SAR, China in 2025?▾

Macao SAR, China's government spending is projected to reach 37.29% by 2025 based on trend extrapolation.

What is the government spending of Macao SAR, China in 2025?▾

The government spending of Macao SAR, China in 2025 was 37.29%. This ranks 28th in the world.

Cite this page

APA
Macao SAR, China Government Spending. HistorySaid. Retrieved October 31, 2026, from https://historysaid.com/macao-sar-china/government-spending/
BibTeX
@misc{historysaid_macao-sar-china_government-spending, title = {Macao SAR, China Government Spending}, url = {https://historysaid.com/macao-sar-china/government-spending/}, publisher = {HistorySaid}, year = {2026} }
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