Macau GDP Trends from 2001 to 2024: A overall increase with some decline Flow

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%.

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.

Macau GDP from 2001 to 2024

The total market value of goods and services produced annually in Macau.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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