Macau SAR, China M2 Growth

1985 - 2026 | Monthly | % | CEIC Data

Key information about Macau SAR (China) M2 Growth

  • Macau SAR (China) Money Supply M2 increased 9.3 % YoY in Jan 2026, compared with a growth of 7.5 % in the previous month
  • Macau SAR (China) Money Supply M2 growth data is updated monthly, available from Jun 1985 to Jan 2026
  • The data reached an all-time high of 40.3 % in May 1992 and a record low of -4.8 % in Apr 2000

CEIC calculates M2 Growth Rate from monthly M2. The Monetary Authority of Macao provides M2 in local currency.


Further information about Macau SAR (China) M2 Growth

  • In the latest reports, Macau SAR (China) Foreign Exchange Reserves was measured at 30.1 USD bn in Jan 2026
  • The Foreign Exchange Reserves equaled 18.3 Months of Import in Jan 2026
  • Macau SAR (China) Domestic Credit reached 21.5 USD bn in Jan 2026, representing an drop of 26.3 % YoY
  • The country's Non Performing Loans Ratio stood at 4.8 % in Jan 2026, compared with the ratio of 4.9 % in the previous month
  • Household Debt of Macau SAR (China) reached 38.6 USD bn in Sep 2025, accounting for 73.7 % of the country's Nominal GDP

View Macau SAR, China's M2 Growth from Jun 1985 to Jan 2026 in the chart:

Macau SAR, China M2 Growth

What was Macau SAR, China's M2 Growth in Jan 2026?

Macau SAR (China) Money Supply M2 increased 9.3 % YoY in Jan 2026, compared with a growth of 7.5 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
9.3 Jan 2026 7.5 Dec 2025 -4.8 Apr 2000 40.3 May 1992 % monthly Jun 1985 - Jan 2026

M2 Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 13.5 Jan 2026 monthly Dec 1994 - Jan 2026
Algeria (%) 9.0 Dec 2024 monthly Jan 2002 - Dec 2024
Argentina (%) 36.9 Dec 2025 monthly Jan 1991 - Dec 2025
Armenia (%) 22.0 Dec 2025 monthly Jan 2003 - Dec 2025
Australia (%) 7.3 Jan 2026 monthly Mar 1966 - Jan 2026
Austria (%) 3.6 Jan 2026 monthly Sep 1998 - Jan 2026
Azerbaijan (%) 6.9 Oct 2025 monthly Dec 1996 - Oct 2025
Bahrain (%) 5.9 Jan 2026 monthly Dec 1975 - Jan 2026
Bangladesh (%) 9.5 Jan 2026 monthly Jun 1987 - Jan 2026
Belarus (%) 25.1 Dec 2025 monthly Dec 1990 - Dec 2025
Belgium (%) 2.8 Jan 2026 monthly Dec 1997 - Jan 2026
Bolivia (%) 17.6 Dec 2025 monthly Dec 1988 - Dec 2025
Bosnia and Herzegovina (%) 9.7 Jan 2026 monthly Aug 1998 - Jan 2026
Botswana (%) 0.8 Nov 2025 monthly Jan 2002 - Nov 2025
Brazil (%) 11.8 Jan 2026 monthly Jan 1971 - Jan 2026
Bulgaria (%) 6.6 Dec 2025 monthly Dec 1996 - Dec 2025
Cambodia (%) 12.2 Jan 2026 monthly Jan 1996 - Jan 2026
Canada (%) 4.7 Dec 2025 monthly Jan 1969 - Dec 2025
Chile (%) 4.1 Feb 2026 monthly Jan 1987 - Feb 2026
China (%) 9.0 Jan 2026 monthly Mar 1997 - Jan 2026
Colombia (%) 12.5 Jan 2026 monthly Dec 1980 - Jan 2026
Croatia (%) 6.6 Dec 2025 monthly Jun 1995 - Dec 2025
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 4.0 Jan 2026 monthly Jan 2003 - Jan 2026
Denmark (%) 2.7 Jan 2026 monthly Jan 1992 - Jan 2026
Ecuador (%) 13.9 Nov 2025 monthly Dec 2007 - Nov 2025
Egypt (%) 18.7 Jan 2026 monthly Jan 1997 - Jan 2026
Estonia (%) 3.5 Jan 2026 monthly Jan 2012 - Jan 2026
European Union (%) 4.0 Jan 2026 monthly Jan 1981 - Jan 2026
Finland (%) 4.8 Jan 2026 monthly Jan 1981 - Jan 2026
France (%) 1.0 Jan 2026 monthly Dec 1978 - Jan 2026
Georgia (%) 25.7 Jan 2026 monthly Oct 1996 - Jan 2026
Germany (%) 4.0 Jan 2026 monthly Jan 1970 - Jan 2026
Ghana (%) 30.3 Jun 2025 quarterly Mar 1991 - Jun 2025
Greece (%) 4.5 Jan 2026 monthly Jan 2002 - Jan 2026
Hong Kong SAR, China (%) 9.9 Jan 2026 monthly Dec 1981 - Jan 2026
Hungary (%) 6.6 Jan 2026 monthly Jan 1999 - Jan 2026
Iceland (%) 4.6 Jan 2026 monthly Sep 1987 - Jan 2026
India (%) 17.2 Dec 2025 monthly Mar 1995 - Dec 2025
Indonesia (%) 10.0 Jan 2026 monthly Feb 1969 - Jan 2026
Iran (%) 36.8 Sep 2025 monthly Dec 2000 - Sep 2025
Ireland (%) 5.4 Dec 2025 monthly Jan 2000 - Dec 2025
Israel (%) 6.0 Nov 2025 monthly Apr 1982 - Nov 2025
Italy (%) 2.5 Dec 2025 monthly Dec 1975 - Dec 2025
Ivory Coast (%) 22.8 Nov 2025 monthly Jan 2005 - Nov 2025
Japan (%) 1.7 Feb 2026 monthly Jan 1968 - Feb 2026
Jordan (%) 5.7 Jan 2026 monthly Jan 1991 - Jan 2026
Kazakhstan (%) 14.3 Jan 2026 monthly Dec 1994 - Jan 2026
Kenya (%) 10.7 Nov 2025 monthly Dec 1996 - Nov 2025
South Korea (%) 5.4 Dec 2025 monthly Jan 1971 - Dec 2025
Kosovo (%) 12.4 2024 yearly 2002 - 2024
Kuwait (%) 3.6 Jan 2026 monthly Jan 1995 - Jan 2026
Kyrgyzstan (%) 54.0 Dec 2025 monthly Jan 1995 - Dec 2025
Laos (%) 19.1 Dec 2025 quarterly Dec 2000 - Dec 2025
Latvia (%) 7.8 Jan 2026 monthly Jan 2015 - Jan 2026
Lebanon (%) 34.4 Nov 2025 monthly Dec 1980 - Nov 2025
Lithuania (%) 8.4 Jan 2026 monthly Dec 1994 - Jan 2026
Luxembourg (%) 5.6 Jan 2026 monthly Jan 2000 - Jan 2026
Macau SAR, China (%) 9.3 Jan 2026 monthly Jun 1985 - Jan 2026
North Macedonia (%) 11.6 Jan 2026 monthly Jan 2004 - Jan 2026
Malawi (%) 51.0 Sep 2025 monthly Jan 1976 - Sep 2025
Malaysia (%) 3.7 Jan 2026 monthly Dec 1970 - Jan 2026
Malta (%) 4.7 Jan 2026 monthly Jan 2009 - Jan 2026
Mauritius (%) 8.5 Dec 2025 monthly Jul 1977 - Dec 2025
Mexico (%) 7.2 Jan 2026 monthly Dec 1986 - Jan 2026
Moldova (%) 14.6 Dec 2025 monthly Jan 2001 - Dec 2025
Mongolia (%) 13.9 Jan 2026 monthly Dec 1997 - Jan 2026
Montenegro (%) 9.9 2024 yearly 2003 - 2024
Morocco (%) 11.6 Jan 2026 monthly Jan 1986 - Jan 2026
Mozambique (%) 11.9 Oct 2025 monthly Dec 2002 - Oct 2025
Myanmar (%) 25.0 Jun 2025 quarterly Dec 2002 - Jun 2025
Nepal (%) 14.2 Jan 2026 monthly Jan 2002 - Jan 2026
Netherlands (%) 3.5 Dec 2025 monthly Dec 1957 - Dec 2025
New Zealand (%) 3.5 Jan 2026 monthly Mar 1989 - Jan 2026
Nigeria (%) 11.0 Jan 2026 monthly Apr 1991 - Jan 2026
Norway (%) 6.5 Jan 2026 monthly Dec 1993 - Jan 2026
Oman (%) 4.3 Sep 2025 monthly Jan 2000 - Sep 2025
Pakistan (%) 17.1 Jan 2026 monthly Jan 1989 - Jan 2026
Palestinian Territory (%) 15.1 Jan 2026 monthly Jul 2003 - Jan 2026
Panama (%) 8.4 Nov 2025 monthly Dec 2003 - Nov 2025
Paraguay (%) 12.6 Jan 2026 monthly Dec 1989 - Jan 2026
Peru (%) 8.8 Jan 2026 monthly Jan 1993 - Jan 2026
Philippines (%) 8.8 Jan 2026 monthly Dec 1989 - Jan 2026
Poland (%) 9.8 Jan 2026 monthly Dec 1997 - Jan 2026
Portugal (%) 5.4 Jan 2026 monthly Dec 1980 - Jan 2026
Qatar (%) 3.5 Dec 2025 monthly Jan 1983 - Dec 2025
Romania (%) 6.9 Jan 2026 monthly Dec 2002 - Jan 2026
Russia (%) 9.7 Jan 2026 monthly Dec 1992 - Jan 2026
Saudi Arabia (%) 7.9 Jan 2026 monthly Jan 1994 - Jan 2026
Serbia (%) 7.2 Jan 2026 monthly Aug 2002 - Jan 2026
Singapore (%) 5.7 Jan 2026 monthly Mar 2005 - Jan 2026
Slovakia (%) 5.6 Jan 2026 monthly Dec 2001 - Jan 2026
Slovenia (%) 6.9 Jan 2026 monthly Jan 2008 - Jan 2026
South Africa (%) 6.9 Jan 2026 monthly Mar 1966 - Jan 2026
Spain (%) 5.2 Jan 2026 monthly Jan 1963 - Jan 2026
Sri Lanka (%) 11.6 Jan 2026 monthly Jan 1995 - Jan 2026
Sudan (%) 74.7 Dec 2025 monthly Dec 2004 - Dec 2025
Sweden (%) 4.7 Jan 2026 monthly Jan 1999 - Jan 2026
Switzerland (%) 16.2 Oct 2025 monthly Dec 1985 - Oct 2025

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Macau SAR, China Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 7.9 Jun 2025 quarterly Dec 2003 - Jun 2025
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: Expenditure (MOP mn) 19,003.222 Jun 2025 quarterly Mar 2003 - Jun 2025
Govt Finance: Revenue (MOP mn) 33,343.897 Jun 2025 quarterly Mar 2003 - Jun 2025
Govt Finance: Revenue: Tax: Income, Profits and Capital Gains (IG) (MOP th) 10,374,832.000 2023 yearly 2002 - 2023
Govt Finance: Revenue: Tax: GS: General Taxes of Goods and Services (MOP th) 728,994.000 2023 yearly 2014 - 2023
Govt Finance: Revenue: Tax: Goods and Services (GS) (MOP th) 72,333,916.000 2023 yearly 2002 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 0.000 yearly -
Trade Balance (USD mn) -1,458.0 Jan 2026 monthly Jan 1998 - Jan 2026
Total Exports (USD mn) 181.5 Jan 2026 monthly Jan 2000 - Jan 2026
Total Exports Growth (%) 29.2 Jan 2026 monthly Jan 2001 - Jan 2026
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) 1,639.5 Jan 2026 monthly Jan 2000 - Jan 2026
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) 3.469 Jan 2026 monthly Jan 1985 - Jan 2026
Total Imports from USA (USD mn) 76.717 Jan 2026 monthly Jan 1985 - Jan 2026
Total Exports to China (USD mn) 9.481 Jan 2026 monthly Jan 1985 - Jan 2026
Total Imports from China (USD mn) 591.763 Jan 2026 monthly Jan 1985 - Jan 2026
Imports (MOP th) 13,164,209.053 Jan 2026 monthly Jan 2000 - Jan 2026
Re Exports (MOP th) 1,299,702.594 Jan 2026 monthly Jan 2000 - Jan 2026
Imports: America: USA (MOP th) 615,986.229 Jan 2026 monthly Jan 2000 - Jan 2026
Total Exports: America: USA (MOP th) 27,851.569 Jan 2026 monthly Jan 2000 - Jan 2026
Total Exports: Asia: Hong Kong (MOP th) 1,145,370.090 Jan 2026 monthly Jan 2000 - Jan 2026
Imports: Asia: China (MOP th) 4,751,481.106 Jan 2026 monthly Jan 2000 - Jan 2026
Imports: Asia: Hong Kong (MOP th) 865,044.594 Jan 2026 monthly Jan 2000 - Jan 2026
Total Exports: Asia: China (MOP th) 76,126.623 Jan 2026 monthly Jan 2000 - Jan 2026
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) 1,240.6 2024 yearly 2002 - 2024
Current Account Balance (USD mn) 16,687.2 2024 yearly 2002 - 2024
Current Account Balance: % of GDP (%) 33.7 2024 yearly 2002 - 2024
Foreign Direct Investment (USD mn) 1,891.5 2024 yearly 1985 - 2024
Foreign Direct Investment: % of GDP (%) 3.8 2024 yearly 1982 - 2024
Foreign Portfolio Investment (USD mn) -4,790.366 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) 22.200 2030 yearly 2002 - 2030
BoP: FA: NR: Other Investment (OI) (MOP mn) -19,464.149 2024 yearly 2002 - 2024
BoP: Financial Account (FA) (MOP mn) 163,638.905 2024 yearly 2002 - 2024
BoP: FA: NR: OI: Liabilities (MOP mn) -37,790.267 2024 yearly 2002 - 2024
BoP: CU: Primary Income (PI) (MOP mn) -4,746.619 2024 yearly 2002 - 2024
BoP: FA: NR: DI: Assets (MOP mn) 9,970.092 2024 yearly 2002 - 2024
BoP: Errors and Omissions (MOP mn) 29,527.445 2024 yearly 2002 - 2024
BoP: FA: NR: Portfolio Investment (PI) (MOP mn) 185,658.447 2024 yearly 2002 - 2024
BoP: CU: Credit (MOP mn) 482,935.110 2024 yearly 2002 - 2024
BoP: FA: NR: Direct Investment (DI) (MOP mn) -5,231.190 2024 yearly 2002 - 2024
BoP: CU: Secondary Income (MOP mn) -29,308.824 2024 yearly 2002 - 2024
BoP: CA: Debit (MOP mn) 0.840 2024 yearly 2002 - 2024
BoP: FA: NR: PI: Liabilities (MOP mn) -38,499.362 2024 yearly 2002 - 2024
BoP: FA: NR: PI: Assets (MOP mn) 147,159.085 2024 yearly 2002 - 2024
BoP: CA: Credit (MOP mn) 0.029 2023 yearly 2002 - 2023
BoP: FA: NR: OI: Assets (MOP mn) -106,797.472 2023 yearly 2002 - 2023
BoP: FA: NR: FD: Assets (MOP mn) -499.474 2023 yearly 2002 - 2023
BoP: CU: Debit (MOP mn) 333,939.833 2023 yearly 2002 - 2023
BoP: CU: Goods (MOP mn) -97,674.952 2023 yearly 2002 - 2023
BoP: FA: NR: Financial Derivatives (FD) (MOP mn) -499.474 2023 yearly 2002 - 2023
BoP: FA: NR: DI: Lia (MOP mn) 13,251.172 2023 yearly 2002 - 2023
Balance of Payments (BoP) (MOP mn) 4,425.009 2023 yearly 2002 - 2023
BoP: FA: Reserve Assets (MOP mn) 4,425.009 2023 yearly 2002 - 2023
BoP: CU: Services (MOP mn) 247,929.785 2023 yearly 2002 - 2023
Dissolved Companies (DP): Number (Unit) 233.000 Dec 2025 quarterly Mar 2002 - Dec 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.8 Jan 2026 monthly Jan 1990 - Jan 2026
Household Debt: % of GDP (%) 73.7 Dec 2025 quarterly Dec 2001 - Dec 2025
Non-Performing Loans (USD mn) 6,113.077 Jan 2026 monthly Jan 1990 - Jan 2026
Money Supply M1 (USD mn) 9,591.534 Jan 2026 monthly Jun 1984 - Jan 2026
Money Supply M2 (USD mn) 106,857.763 Jan 2026 monthly Jun 1984 - Jan 2026
M2 Growth (%) 9.3 Jan 2026 monthly Jun 1985 - Jan 2026
Foreign Exchange Reserves (USD mn) 30,078.7 Jan 2026 monthly Jun 1984 - Jan 2026
Foreign Exchange Reserves: % of GDP (%) 58.988 Dec 2025 quarterly Dec 2001 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 18.3 Jan 2026 monthly Jan 2000 - Jan 2026
Total Deposits (USD mn) 174,153.393 Jan 2026 monthly Jun 1984 - Jan 2026
Total Deposits Growth (%) 8.6 Jan 2026 monthly Jun 1985 - Jan 2026
Domestic Credit (USD mn) 21,533.0 Jan 2026 monthly Jun 1984 - Jan 2026
Domestic Credit Growth (%) -26.3 Jan 2026 monthly Jun 1985 - Jan 2026
Household Debt (USD mn) 38,606.0 Sep 2025 quarterly Jun 1984 - Sep 2025
Total Loans (USD mn) 127,798.931 Jan 2026 monthly Jun 1984 - Jan 2026
Total Loans Growth (%) 0.23 Jan 2026 monthly Jun 1985 - Jan 2026
Private Debt: % of Nominal GDP (%) 120.62 Dec 2025 quarterly Dec 2001 - Dec 2025
Monetary Base (MOP mn) 59,766.871 Jan 2026 monthly Jun 1984 - Jan 2026
Deposits (MOP mn) 1,400,210.692 Jan 2026 monthly Jun 1984 - Jan 2026
Loans: Total (MOP mn) 1,027,516.185 Jan 2026 monthly Jun 1984 - Jan 2026
Mortgage Loan: Value: Total (MOP th) 1,670,857.000 Dec 2024 monthly Jan 2000 - Dec 2024

More Indicators for Macau SAR, China

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