Macao SAR, China Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Macao SAR, China's gross savings was 44.94% in 2023, ranked 5th globally. This represents a 26.0% increase from 2022. Data from World Bank, covering 2002–2023.
Overview
Macao SAR, China's gross savings stood at 44.94% in 2023, a rise of +9.27% from 2022. Macao SAR, China ranked 5th globally.
Macao SAR’s gross savings rate has risen modestly from 41.42 percent in 2002 to 44.94 percent in 2023, placing it fifth among all economies in the World Bank database. The indicator peaked at 58.23 percent in 2007, a pre‑global‑financial‑crisis high, before falling sharply to a trough of 30.05 percent in 2021 amid the pandemic‑induced downturn in tourism and gaming revenues that dominate the territory’s economy. The recent recovery to 44.94 percent mirrors the rebound in visitor arrivals and casino earnings, and it is comparable to the savings rates of peer jurisdictions such as Brunei Darussalam (45.87 percent) and Iran (47.54 percent). Over the 22‑year coverage period, the upward trend since the 2021 trough suggests that continued growth in the services sector and fiscal prudence could sustain higher savings ratios, although a slowdown in external demand could reverse the recent gains.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2023 | 44.94% | +9.27% | #5 |
| 2022 | 35.66% | +5.62% | #28 |
| 2021 | 30.05% | −9.42% | #44 |
| 2020 | 39.47% | −7.58% | #9 |
| 2019 | 47.05% | −2.74% | #4 |
| 2018 | 49.79% | −0.26% | #3 |
| 2017 | 50.05% | +2.04% | #3 |
| 2016 | 48.02% | −0.33% | #2 |
| 2015 | 48.35% | −4.14% | #4 |
| 2014 | 52.49% | −0.90% | #7 |
| 2013 | 53.39% | −0.09% | #7 |
| 2012 | 53.48% | −0.67% | #7 |
| 2011 | 54.16% | +1.99% | #6 |
| 2010 | 52.17% | +6.11% | #5 |
| 2009 | 46.06% | +0.09% | #7 |
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 gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Macao SAR, China's gross savings was 44.94% in 2023. Ranked 5th globally. This represents a 26.0% increase from the previous year.
Macao SAR, China's gross savings peaked at 58.23% in 2007.
The lowest gross savings in Macao SAR, China was 30.05% in 2021.
Macao SAR, China ranks 5th globally in gross savings as of 2023.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
The gross savings of Macao SAR, China in 2023 was 44.94%. This ranks 5th in the world.
Cite this page
@misc{historysaid_macao-sar-china_gross-savings,
title = {Macao SAR, China Gross Savings},
url = {https://historysaid.com/macao-sar-china/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}