Macao SAR, China Real Interest Rate
Real interest rate FR.INR.RINR
Macao SAR, China's real interest rate was 3.43% in 2025, ranked 45th globally. This represents a 41.0% decrease from 2024. Data from World Bank, covering 1986–2025.
Overview
Macao SAR, China's real interest rate stood at 3.43% in 2025, a decline of +2.38pp from 2024. Based on recent trends, this figure is projected to reach 3.43% by 2025. Macao SAR, China ranked 45th globally.
Macao SAR’s real interest rate in 2025 stood at 3.43 percent, placing the territory 45th in the world according to World Bank data. Over the 40‑year series, the rate has swung dramatically, rising from a low of 0.84 percent in 1986 to an all‑time peak of 13.18 percent in 1998, before plunging to a trough of –6.53 percent in 1992. The post‑1998 decline reflects the gradual easing of monetary conditions as the economy shifted from a reliance on high‑margin gaming revenues toward more diversified services and tourism. Recent levels are closely aligned with those of peer economies such as Botswana (3.45 percent) and Cabo Verde (3.50 percent), suggesting that Macao’s financing environment is comparable to other small, open economies with substantial external exposure. Should global inflation pressures ease and capital inflows stabilize, the real interest rate is likely to remain within a narrow band around the current mid‑single‑digit range, barring major policy shifts.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 2.62% | - | - |
| 2026* trend | 3.02% | - | - |
| 2025* trend | 3.43% | - | - |
| 2025 | 3.43% | −2.38pp | #45 |
| 2024 | 5.81% | +4.25pp | #39 |
| 2023 | 1.56% | −2.57pp | #29 |
| 2022 | 4.13% | −2.02pp | #75 |
| 2021 | 6.16% | +0.62pp | #85 |
| 2020 | 5.54% | +2.65pp | #50 |
| 2019 | 2.89% | +1.21pp | #23 |
| 2018 | 1.68% | −1.35pp | #27 |
| 2017 | 3.03% | −1.30pp | #52 |
| 2016 | 4.32% | +3.64pp | #48 |
| 2015 | 0.69% | +3.89pp | #13 |
| 2014 | -3.20% | −0.88pp | #4 |
| 2013 | -2.31% | −0.73pp | #5 |
| 2012 | -1.59% | +0.49pp | #9 |
| 2011 | -2.08% | −2.50pp | #20 |
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 real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Macao SAR, China's real interest rate was 3.43% in 2025. Ranked 45th globally. This represents a 41.0% decrease from the previous year.
Macao SAR, China's real interest rate peaked at 13.18% in 1998.
The lowest real interest rate in Macao SAR, China was -6.53% in 1992.
Macao SAR, China ranks 45th globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Macao SAR, China's real interest rate is projected to reach 3.43% by 2025 based on trend extrapolation.
The real interest rate of Macao SAR, China in 2025 was 3.43%. This ranks 45th in the world.
Cite this page
@misc{historysaid_macao-sar-china_real-interest-rate,
title = {Macao SAR, China Real Interest Rate},
url = {https://historysaid.com/macao-sar-china/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}