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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
