Macau SAR, China Household Debt: % of GDP

2001 - 2025 | Quarterly | % | CEIC Data

Key information about Macau SAR (China) Household Debt: % of GDP

  • Macau SAR (China) household debt accounted for 76.1 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 78.3 % in the previous quarter.
  • Macau SAR (China) household debt to GDP ratio is updated quarterly, available from Dec 2001 to Sep 2025.
  • The data reached an all-time high of 166.8 % in Dec 2022 and a record low of 17.0 % in Dec 2006.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Monetary Authority of Macao provides Household Debt in local currency. Statistics and Census Service provides Nominal GDP in local currency. Loans are used due to the lack of Flow of Funds statistics.


Related information about Macau SAR (China) Household Debt: % of GDP

  • In the latest reports, Macau SAR (China) Household Debt reached 38.6 USD bn in Sep 2025.
  • Money Supply M2 in Macau SAR (China) increased 8.1 % YoY in Sep 2025.
  • Macau SAR (China) Foreign Exchange Reserves was measured at 29.7 USD bn in Oct 2025.
  • The Foreign Exchange Reserves equaled 21.2 Months of Import in Oct 2025.
  • Macau SAR (China) Domestic Credit reached 25.1 USD bn in Sep 2025, representing an drop of 22.6 % YoY.
  • The country's Non Performing Loans Ratio stood at 5.4 % in Sep 2025, compared with the ratio of 5.4 % in the previous month.

View Macau SAR, China's Household Debt: % of GDP from Dec 2001 to Sep 2025 in the chart:

Macau SAR, China Household Debt: % of GDP

What was Macau SAR, China's Household Debt: % of GDP in Sep 2025?

Macau SAR (China) household debt accounted for 76.1 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 78.3 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
76.1 Sep 2025 78.3 Jun 2025 17.0 Dec 2006 166.8 Dec 2022 % quarterly Dec 2001 - Sep 2025

Household Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 13.3 Jun 2025 quarterly Sep 2007 - Jun 2025
Argentina (%) 6.3 Jun 2025 quarterly Dec 2004 - Jun 2025
Armenia (%) 32.5 Sep 2025 quarterly Dec 2000 - Sep 2025
Australia (%) 120.3 Jun 2025 quarterly Jun 1988 - Jun 2025
Austria (%) 42.7 Jun 2025 quarterly Mar 1999 - Jun 2025
Azerbaijan (%) 13.9 Jun 2025 quarterly Mar 2005 - Jun 2025
Belarus (%) 10.8 Jun 2025 quarterly Dec 2006 - Jun 2025
Belgium (%) 58.3 Jun 2025 quarterly Dec 1992 - Jun 2025
Bolivia (%) 11.4 Dec 2024 quarterly Sep 2010 - Dec 2024
Bosnia and Herzegovina (%) 25.0 Jun 2025 quarterly Dec 2008 - Jun 2025
Botswana (%) 21.7 Jun 2025 quarterly Dec 2002 - Jun 2025
Brunei (%) 15.1 Jun 2025 quarterly Dec 2013 - Jun 2025
Bulgaria (%) 30.1 2024 yearly 1995 - 2024
Cambodia (%) 27.2 2024 yearly 2008 - 2024
Canada (%) 97.7 Sep 2025 quarterly Mar 1969 - Sep 2025
Chile (%) 37.7 Sep 2025 quarterly Mar 2009 - Sep 2025
China (%) 60.4 Sep 2025 quarterly Mar 2007 - Sep 2025
Colombia (%) 29.5 Jun 2025 quarterly Dec 2015 - Jun 2025
Croatia (%) 33.8 Jun 2025 quarterly Dec 1995 - Jun 2025
Cyprus (%) 71.2 2024 yearly 1995 - 2024
Czech Republic (%) 33.1 Mar 2025 quarterly Mar 2004 - Mar 2025
Denmark (%) 92.7 2023 yearly 1994 - 2023
Ecuador (%) 17.4 Jun 2025 quarterly Mar 2003 - Jun 2025
Egypt (%) 7.2 Jun 2025 quarterly Dec 2002 - Jun 2025
Estonia (%) 39.8 Jun 2025 quarterly Dec 2003 - Jun 2025
European Union (%) 50.9 Jun 2025 quarterly Mar 1999 - Jun 2025
Finland (%) 74.1 2024 yearly 1995 - 2024
France (%) 59.9 2024 yearly 1977 - 2024
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 49.0 Jun 2025 quarterly Dec 1991 - Jun 2025
Greece (%) 46.7 Jun 2025 quarterly Dec 1997 - Jun 2025
Hong Kong SAR, China (%) 87.7 Sep 2025 quarterly Mar 1982 - Sep 2025
Hungary (%) 20.7 Sep 2025 quarterly Dec 1995 - Sep 2025
Iceland (%) 70.8 Jun 2025 quarterly Dec 1995 - Jun 2025
India (%) 17.6 2025 yearly 1998 - 2025
Indonesia (%) 15.2 Sep 2025 quarterly Dec 2010 - Sep 2025
Ireland (%) 25.1 Jun 2025 quarterly Mar 2002 - Jun 2025
Israel (%) 42.2 Jun 2025 quarterly Dec 1995 - Jun 2025
Italy (%) 47.2 Jun 2025 quarterly Dec 1995 - Jun 2025
Japan (%) 63.9 Jun 2025 quarterly Dec 1997 - Jun 2025
Jordan (%) 78.2 Jun 2025 quarterly Mar 2002 - Jun 2025
Kazakhstan (%) 62.5 Jun 2025 quarterly Dec 1997 - Jun 2025
South Korea (%) 92.7 Jun 2025 quarterly Dec 2002 - Jun 2025
Kosovo (%) 24.6 Jun 2025 quarterly Dec 2010 - Jun 2025
Kuwait (%) 0.9 Jun 2025 quarterly Dec 2010 - Jun 2025
Kyrgyzstan (%) 12.1 Sep 2025 quarterly Dec 2000 - Sep 2025
Latvia (%) 22.8 Jun 2025 quarterly Mar 2004 - Jun 2025
Lithuania (%) 31.2 Jun 2025 quarterly Dec 1995 - Jun 2025
Luxembourg (%) 62.4 Jun 2025 quarterly Dec 1995 - Jun 2025
Macau SAR, China (%) 76.1 Sep 2025 quarterly Dec 2001 - Sep 2025
North Macedonia (%) 26.7 Sep 2025 quarterly Mar 2003 - Sep 2025
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.1 2024 yearly 2002 - 2024
Malta (%) 47.8 Jun 2025 quarterly Mar 2004 - Jun 2025
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 17.2 Sep 2025 quarterly Dec 2000 - Sep 2025
Mongolia (%) 29.7 Sep 2025 quarterly Mar 2004 - Sep 2025
Montenegro (%) 28.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Morocco (%) 22.0 2024 yearly 2001 - 2024
Netherlands (%) 97.4 Jun 2025 quarterly Mar 1999 - Jun 2025
New Zealand (%) 90.2 Jun 2025 quarterly Dec 1990 - Jun 2025
Norway (%) 88.3 Jun 2025 quarterly Dec 1995 - Jun 2025
Panama (%) 37.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Peru (%) 15.3 Sep 2025 quarterly Mar 2001 - Sep 2025
Philippines (%) 12.8 Sep 2025 quarterly Mar 2009 - Sep 2025
Poland (%) 22.4 Jun 2025 quarterly Dec 2003 - Jun 2025
Portugal (%) 56.0 Sep 2025 quarterly Dec 2007 - Sep 2025
Romania (%) 15.9 Jun 2025 quarterly Dec 1995 - Jun 2025
Russia (%) 18.9 Mar 2025 quarterly Dec 2000 - Mar 2025
Saudi Arabia (%) 10.7 Jun 2025 quarterly Dec 2003 - Jun 2025
Serbia (%) 18.1 Sep 2025 quarterly Dec 2003 - Sep 2025
Singapore (%) 53.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Slovakia (%) 45.8 Jun 2025 quarterly Mar 2004 - Jun 2025
Slovenia (%) 27.8 Jun 2025 quarterly Mar 2004 - Jun 2025
South Africa (%) 41.0 Jun 2025 quarterly Mar 1969 - Jun 2025
Spain (%) 47.8 Jun 2025 quarterly Dec 1989 - Jun 2025
Sri Lanka (%) 6.6 Dec 2024 quarterly Dec 2010 - Dec 2024
Sweden (%) 86.5 Jun 2025 quarterly Mar 1996 - Jun 2025
Switzerland (%) 123.1 2024 yearly 1999 - 2024
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 95.5 2023 yearly 2000 - 2023
Thailand (%) 86.8 Jun 2025 quarterly Mar 2003 - Jun 2025
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.2 Jun 2025 quarterly Dec 2014 - Jun 2025
Ukraine (%) 4.0 Jun 2025 quarterly Dec 2002 - Jun 2025
United Arab Emirates (%) 24.1 2024 yearly 2013 - 2024
United Kingdom (%) 78.7 Jun 2025 quarterly Mar 1987 - Jun 2025
United States (%) 61.4 Jun 2025 quarterly Mar 1999 - Jun 2025
Uruguay (%) 11.5 Jun 2025 quarterly Dec 2005 - Jun 2025
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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Macau SAR, China Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 7.4 Sep 2024 quarterly Dec 2003 - Sep 2024
Tax Revenue (USD mn) 13,562.046 2024 yearly 2002 - 2024
Tax Revenue: % of GDP (%) 27.4 2024 yearly 2002 - 2024
Forecast: Government Expenditure (MOP bn) 169.020 2030 yearly 1996 - 2030
Forecast: Government Net Debt (MOP bn) 0.000 2030 yearly 2001 - 2030
Govt Finance: Revenue (MOP mn) 33,970.811 Sep 2024 quarterly Mar 2003 - Sep 2024
Govt Finance: Expenditure (MOP mn) 19,919.838 Sep 2024 quarterly Mar 2003 - Sep 2024
Govt Finance: Revenue: Tax: Income, Profits and Capital Gains (IG) (MOP th) 10,374,832.000 2023 yearly 2002 - 2023
Govt Finance: Revenue: Tax: Goods and Services (GS) (MOP th) 72,333,916.000 2023 yearly 2002 - 2023
Govt Finance: Revenue: Tax: GS: General Taxes of Goods and Services (MOP th) 728,994.000 2023 yearly 2014 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 0.000 yearly -
Trade Balance (USD mn) -1,239.3 Oct 2025 monthly Jan 1998 - Oct 2025
Total Exports (USD mn) 162.2 Oct 2025 monthly Jan 2000 - Oct 2025
Total Exports Growth (%) 7.9 Oct 2025 monthly Jan 2001 - Oct 2025
Aluminum: Exports (USD th) 278.908 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 11,777.851 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 15,759.782 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,401.6 Oct 2025 monthly Jan 2000 - Oct 2025
Total Imports Growth (%) 0.7 Oct 2025 monthly Jan 2001 - Oct 2025
Imports: Medicament (USD th) 396,738.283 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 86,734.597 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 3.060 Oct 2025 monthly Jan 1985 - Oct 2025
Total Imports from USA (USD mn) 67.130 Oct 2025 monthly Jan 1985 - Oct 2025
Total Exports to China (USD mn) 10.877 Oct 2025 monthly Jan 1985 - Oct 2025
Total Imports from China (USD mn) 490.174 Oct 2025 monthly Jan 1985 - Oct 2025
Imports (MOP th) 11,223,714.827 Oct 2025 monthly Jan 2000 - Oct 2025
Re Exports (MOP th) 1,169,115.446 Oct 2025 monthly Jan 2000 - Oct 2025
Total Exports: Asia: China (MOP th) 87,100.000 Oct 2025 monthly Jan 2000 - Oct 2025
Imports: Asia: Hong Kong (MOP th) 654,470.000 Oct 2025 monthly Jan 2000 - Oct 2025
Imports: America: USA (MOP th) 537,574.753 Oct 2025 monthly Jan 2000 - Oct 2025
Total Exports: America: USA (MOP th) 24,505.315 Oct 2025 monthly Jan 2000 - Oct 2025
Total Exports: Asia: Hong Kong (MOP th) 932,170.000 Oct 2025 monthly Jan 2000 - Oct 2025
Imports: Asia: China (MOP th) 3,925,320.000 Oct 2025 monthly Jan 2000 - Oct 2025
Imports: Beverages (MOP th) 352,663.623 Jan 2019 monthly Jan 2000 - Jan 2019
Import Volume Index (2015=100) 160.190 2021 yearly 2000 - 2021
Export Volume Index (2015=100) 115.980 2021 yearly 2000 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 879.1 2024 yearly 2002 - 2024
Current Account Balance (USD mn) 17,952.3 2024 yearly 2002 - 2024
Current Account Balance: % of GDP (%) 36.3 2024 yearly 2002 - 2024
Foreign Direct Investment (USD mn) 1,447.6 2024 yearly 1985 - 2024
Foreign Direct Investment: % of GDP (%) 2.9 2024 yearly 1982 - 2024
Foreign Portfolio Investment (USD mn) -4,790.901 2024 yearly 2002 - 2024
Foreign Portfolio Investment: % of GDP (%) -9.7 2024 yearly 2002 - 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 4.8 2024 yearly 2002 - 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -4,795.708 2024 yearly 2002 - 2024
Forecast: Current Account Balance (USD bn) 20.333 2030 yearly 2002 - 2030
Balance of Payments (BoP) (MOP mn) 4,425.009 2023 yearly 2002 - 2023
BoP: FA: NR: PI: Liabilities (MOP mn) -63,185.057 2023 yearly 2002 - 2023
BoP: Financial Account (FA) (MOP mn) 84,649.279 2023 yearly 2002 - 2023
BoP: FA: NR: OI: Assets (MOP mn) -106,797.472 2023 yearly 2002 - 2023
BoP: FA: NR: Other Investment (OI) (MOP mn) -61,427.515 2023 yearly 2002 - 2023
BoP: CU: Credit (MOP mn) 449,888.744 2023 yearly 2002 - 2023
BoP: FA: NR: PI: Assets (MOP mn) 88,195.110 2023 yearly 2002 - 2023
BoP: CU: Goods (MOP mn) -97,674.952 2023 yearly 2002 - 2023
BoP: CU: Services (MOP mn) 247,929.785 2023 yearly 2002 - 2023
BoP: CU: Secondary Income (MOP mn) -24,792.675 2023 yearly 2002 - 2023
BoP: Errors and Omissions (MOP mn) -31,297.754 2023 yearly 2002 - 2023
BoP: CU: Primary Income (PI) (MOP mn) -9,513.247 2023 yearly 2002 - 2023
BoP: FA: NR: DI: Lia (MOP mn) 13,251.172 2023 yearly 2002 - 2023
BoP: CA: Credit (MOP mn) 0.029 2023 yearly 2002 - 2023
BoP: CU: Debit (MOP mn) 333,939.833 2023 yearly 2002 - 2023
BoP: FA: NR: DI: Assets (MOP mn) 4,022.263 2023 yearly 2002 - 2023
BoP: FA: NR: OI: Liabilities (MOP mn) -45,369.957 2023 yearly 2002 - 2023
BoP: FA: Reserve Assets (MOP mn) 4,425.009 2023 yearly 2002 - 2023
BoP: CA: Debit (MOP mn) 1.907 2023 yearly 2002 - 2023
BoP: FA: NR: Direct Investment (DI) (MOP mn) -9,228.909 2023 yearly 2002 - 2023
BoP: FA: NR: FD: Assets (MOP mn) -499.474 2023 yearly 2002 - 2023
BoP: FA: NR: Portfolio Investment (PI) (MOP mn) 151,380.168 2023 yearly 2002 - 2023
BoP: FA: NR: Financial Derivatives (FD) (MOP mn) -499.474 2023 yearly 2002 - 2023
Dissolved Companies (DP): Number (Unit) 271.000 Dec 2024 quarterly Mar 2002 - Dec 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.4 Oct 2025 monthly Jan 1990 - Oct 2025
Household Debt: % of GDP (%) 76.1 Sep 2025 quarterly Dec 2001 - Sep 2025
Non-Performing Loans (USD mn) 6,912.720 Oct 2025 monthly Jan 1990 - Oct 2025
Money Supply M1 (USD mn) 8,804.852 Oct 2025 monthly Jun 1984 - Oct 2025
Money Supply M2 (USD mn) 104,588.965 Oct 2025 monthly Jun 1984 - Oct 2025
M2 Growth (%) 7.3 Oct 2025 monthly Jun 1985 - Oct 2025
Foreign Exchange Reserves (USD mn) 29,734.2 Oct 2025 monthly Jun 1984 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 58.945 Sep 2025 quarterly Dec 2001 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 21.2 Oct 2025 monthly Jan 2000 - Oct 2025
Total Deposits (USD mn) 173,616.374 Oct 2025 monthly Jun 1984 - Oct 2025
Total Deposits Growth (%) 8.9 Oct 2025 monthly Jun 1985 - Oct 2025
Domestic Credit (USD mn) 24,002.4 Oct 2025 monthly Jun 1984 - Oct 2025
Domestic Credit Growth (%) -26.1 Oct 2025 monthly Jun 1985 - Oct 2025
Household Debt (USD mn) 38,606.0 Sep 2025 quarterly Jun 1984 - Sep 2025
Total Loans (USD mn) 127,580.235 Oct 2025 monthly Jun 1984 - Oct 2025
Total Loans Growth (%) -0.51 Oct 2025 monthly Jun 1985 - Oct 2025
Private Debt: % of Nominal GDP (%) 125.76 Sep 2025 quarterly Dec 2001 - Sep 2025
Monetary Base (MOP mn) 56,759.266 Oct 2025 monthly Jun 1984 - Oct 2025
Deposits (MOP mn) 1,290,270.079 Jan 2025 monthly Jun 1984 - Jan 2025
Loans: Total (MOP mn) 1,013,048.787 Jan 2025 monthly Jun 1984 - Jan 2025
Mortgage Loan: Value: Total (MOP th) 1,670,857.000 Dec 2024 monthly Jan 2000 - Dec 2024

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