Macao SAR, China—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #6 of 192Updated August 2026
Latest Value
5.4%
2031
YoY Change
-3.6%
2030 → 2031
Global Rank
#6
of 192 countries
Maximum
27.0%
2013
Minimum
-37.1%
2022
CAGR
+1.7%
31 years
Last
5.4%
Previous
5.6%
Highest
27.0%
Lowest
-37.1%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Macao SAR, China's fiscal balance (% of GDP) was 4.2% in 2026, ranking #6 out of 192 countries. This represents a -3.6% change from 2030. Over the past 26 years, the highest recorded value was 27.0% (2013) and the lowest was -37.1% (2022). The IMF WEO projects 5.4% by 2031. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | 5.4% | -3.6% |
| 2030 | 5.6% | +0.0% |
| 2029 | 5.6% | +5.7% |
| 2028 | 5.3% | +8.2% |
| 2027 | 4.9% | +16.7% |
| 2026 | 4.2% | -6.7% |
| 2025 | 4.5% | -35.7% |
| 2024 | 7.0% | +233.3% |
| 2023 | 2.1% | +105.7% |
| 2022 | -37.1% | -185.4% |
| 2021 | -13.0% | +39.5% |
| 2020 | -21.5% | -248.3% |
| 2019 | 14.5% | +8.2% |
| 2018 | 13.4% | +0.8% |
| 2017 | 13.3% | +16.7% |
| 2016 | 11.4% | -18.0% |
| 2015 | 13.9% | -42.3% |
| 2014 | 24.1% | -10.7% |
| 2013 | 27.0% | +12.5% |
| 2012 | 24.0% | -2.8% |
| 2011 | 24.7% | +27.3% |
| 2010 | 19.4% | +44.8% |
| 2009 | 13.4% | -23.4% |
| 2008 | 17.5% | +6.7% |
| 2007 | 16.4% | +69.1% |
| 2006 | 9.7% | +16.9% |
| 2005 | 8.3% | +6.4% |
| 2004 | 7.8% | +62.5% |
| 2003 | 4.8% | +77.8% |
| 2002 | 2.7% | -18.2% |
| 2001 | 3.3% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | 4.2% | -6.7% |
| 2027Forecast | 4.9% | +16.7% |
| 2028Forecast | 5.3% | +8.2% |
| 2029Forecast | 5.6% | +5.7% |
| 2030Forecast | 5.6% | +0.0% |
| 2031Forecast | 5.4% | -3.6% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Macao SAR, China | 4.2% | 2026 |
| 7 | Lesotho | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP