Macau's GDP changed from approximately $6B 860M in 2001 to $54B 677M in 2024, showing an overall 697.0% sharply increased during the period.
The lowest GDP was recorded in 2001 at $6B 860M, and the highest in 2018 at $55B 191M.
Over the 23-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 9.4%.
For comparison, the average annual growth rate of United States was 5.4%, and that of China was 9.8%.
Macau GDP from 2001 to 2024
The total market value of goods and services produced annually in Macau.
Overview of Macau's GDP (2001–2024)
The Gross Domestic Product (GDP) of Macau recorded a 697.0% sharply increased from 2001 to 2024.
The average GDP during this period was $32B 50M, and the median was $29B 605M.
GDP fluctuated within a range of $48B 331M, with a standard deviation of $17B 470M.
The average annual change was $1B 863M.
Highest and Lowest GDP Records
- Lowest GDP: 2001, $6B 860M
- Highest GDP: 2018, $55B 191M
- Most Recent GDP: 2024, $54B 677M
Notable Annual GDP Changes
- 2023: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Macau's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $55B 82M → $25B 344M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $18B 440M → $21B 588M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $0 → $6B 860M
- Outcome: remained stable
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $0 → $0
- Outcome: remained stable
Key Economic Indicators of Macau (2001–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
2001 | $ 6B 860M | $ 15,723.75 | $ 36,021.58 | $ 15B 716M | 0 % | 0 % | 0 % | 3.263 % | 436,000 people |
2002 | $ 7B 372M | $ 16,733.98 | $ 39,459.78 | $ 17B 383M | 8.911 % | 31.529 % | 0 % | 2.662 % | 441,000 people |
2003 | $ 8B 247M | $ 18,461.83 | $ 44,302.74 | $ 19B 789M | 11.641 % | 30.617 % | 0 % | 4.799 % | 447,000 people |
2004 | $ 10B 643M | $ 23,005.59 | $ 55,621.99 | $ 25B 733M | 26.629 % | 32.955 % | 0 % | 7.798 % | 463,000 people |
2005 | $ 12B 160M | $ 25,109.97 | $ 59,229.09 | $ 28B 683M | 8.077 % | 23.653 % | 0 % | 8.315 % | 484,000 people |
2006 | $ 14B 874M | $ 28,970.43 | $ 65,300.14 | $ 33B 527M | 13.39 % | 14.893 % | 0 % | 9.741 % | 513,000 people |
2007 | $ 18B 440M | $ 34,268.70 | $ 73,258.29 | $ 39B 420M | 14.477 % | 21.685 % | 0 % | 16.377 % | 538,000 people |
2008 | $ 21B 27M | $ 38,286.23 | $ 75,641.22 | $ 41B 542M | 3.391 % | 15.562 % | 0 % | 17.479 % | 549,000 people |
2009 | $ 21B 588M | $ 39,822.35 | $ 78,087.45 | $ 42B 331M | 1.275 % | 27.547 % | 0 % | 13.365 % | 542,000 people |
2010 | $ 28B 242M | $ 51,135.16 | $ 97,066.15 | $ 53B 610M | 25.123 % | 38.92 % | 0 % | 19.405 % | 552,000 people |
2011 | $ 36B 844M | $ 66,111.71 | $ 119,402.99 | $ 66B 543M | 21.616 % | 40.383 % | 0 % | 24.671 % | 557,000 people |
2012 | $ 43B 190M | $ 74,209.14 | $ 129,875.83 | $ 75B 588M | 9.242 % | 38.834 % | 0 % | 23.981 % | 582,000 people |
2013 | $ 51B 536M | $ 84,833.69 | $ 145,946.79 | $ 88B 663M | 10.753 % | 39.335 % | 0 % | 26.986 % | 608,000 people |
2014 | $ 54B 903M | $ 86,298.09 | $ 141,806.57 | $ 90B 217M | -2.048 % | 32.706 % | 0 % | 24.16 % | 636,000 people |
2015 | $ 45B 48M | $ 69,647.78 | $ 108,260.13 | $ 70B 23M | -21.515 % | 23.342 % | 0 % | 13.817 % | 647,000 people |
2016 | $ 45B 71M | $ 69,887.83 | $ 109,178.17 | $ 70B 409M | -0.679 % | 26.524 % | 0 % | 11.415 % | 645,000 people |
2017 | $ 50B 384M | $ 77,145.53 | $ 120,112.54 | $ 78B 446M | 9.86 % | 30.765 % | 0 % | 13.274 % | 653,000 people |
2018 | $ 55B 191M | $ 82,695.46 | $ 127,932.59 | $ 85B 382M | 6.405 % | 33.021 % | 0 % | 13.326 % | 667,000 people |
2019 | $ 55B 82M | $ 81,051.05 | $ 124,470.37 | $ 84B 590M | -2.563 % | 33.716 % | 0 % | 14.44 % | 680,000 people |
2020 | $ 25B 344M | $ 37,100.93 | $ 57,293.81 | $ 39B 137M | -54.336 % | 14.341 % | 0 % | -21.41 % | 683,000 people |