Macao Gross Fixed Capital Formation
Investment in fixed assets (machinery, buildings, infrastructure) as a share of GDP.
Gross Fixed Capital Formation in Macao decreased to 11.94 percent of GDP in 2025 from 13.74 percent of GDP in 2024.
Macao Gross Fixed Capital Formation — History
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Macao Gross Fixed Capital Formation — analysis in simple words
Latest reading
Gross Fixed Capital Formation in Macao decreased to 11.94 percent of GDP in 2025 from 13.74 percent of GDP in 2024.
It has fallen in each of the last three years.
Recent trend
A year earlier (2024) it was 13.7%, so the latest figure is 1.8 percentage points lower.
Over the past five years the average was 17.0%, with a range from 11.9% to 22.5%. The latest value is below that five-year average.
Historical context
This data series starts in 1982 and has 44 annual observations. The latest reading is higher than 7% of all of them.
The highest value on record is 35.9% (2007) and the lowest is 9.2% (2001). The long-run average is 20.1%.
Compared with other countries
Among 170 economies with recent data, Macao ranks 158th from the top. The median across all these economies is 22.1%, so Macao is below the typical country.
Within East Asia & Pacific (27 economies with data) it ranks 27th; the regional median is 24.4%.
Statistics
- Latest
- 11.9%2025
- Previous
- 13.7%
- 5-year average
- 17.0%
- Long-run average
- 20.1%since 1982
- All-time high
- 35.9%2007
- All-time low
- 9.2%2001
- Observations
- 44Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2025 | 11.9% | ▼ −1.8 pp |
| 2024 | 13.7% | ▼ −0.9 pp |
| 2023 | 14.6% | ▼ −7.8 pp |
| 2022 | 22.4% | ▼ −0.1 pp |
| 2021 | 22.5% | ▼ −4.1 pp |
| 2020 | 26.6% | ▲ +12.7 pp |
| 2019 | 13.9% | ▼ −2.9 pp |
| 2018 | 16.8% | ▼ −3.1 pp |
| 2017 | 19.9% | ▼ −2.1 pp |
| 2016 | 21.9% | ▼ −2.9 pp |
| 2015 | 24.9% | ▲ +5.9 pp |
| 2014 | 19.0% | ▲ +5.6 pp |
| 2013 | 13.3% | ▼ −0.2 pp |
| 2012 | 13.5% | ▲ +1.2 pp |
| 2011 | 12.3% | ▼ −0.2 pp |
| 2010 | 12.5% | ▼ −5.9 pp |
| 2009 | 18.4% | ▼ −11.3 pp |
| 2008 | 29.6% | ▼ −6.3 pp |
| 2007 | 35.9% | ▲ +3.3 pp |
| 2006 | 32.6% | ▲ +7.8 pp |
| 2005 | 24.9% | ▲ +9.5 pp |
| 2004 | 15.3% | ▲ +2.2 pp |
| 2003 | 13.2% | ▲ +3.7 pp |
| 2002 | 9.5% | ▲ +0.3 pp |
| 2001 | 9.2% | ▼ −1.0 pp |
| 2000 | 10.2% | ▼ −5.4 pp |
| 1999 | 15.7% | ▼ −0.5 pp |
| 1998 | 16.1% | ▼ −2.3 pp |
| 1997 | 18.5% | ▼ −0.2 pp |
| 1996 | 18.7% |
Gross Fixed Capital Formation — Macao vs Peers
Latest available reading for each economy (periods may differ). Macao highlighted.
More Macao indicators
Understanding Gross Fixed Capital Formation — a simple guide
What it measures
Investment in fixed assets — machinery, buildings, infrastructure — as a share of GDP.
How it is calculated
Spending on new machinery, buildings, roads and other fixed assets ÷ GDP × 100.
A ratio of 30% means nearly a third of output is invested in future capacity.
High investment supports future growth.
Low investment can limit future productive capacity.
Why it matters for the economy and markets
Investment builds future productive capacity and is a key driver of long-term growth.
How to read it
Very high ratios can signal rapid catch-up growth but also over-investment risk.
Data source
World Bank — World Development Indicators (series NE.GDI.FTOT.ZS), annual data from 1982 to 2025. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current gross fixed capital formation of Macao?
What is the highest and lowest gross fixed capital formation of Macao?
What does gross fixed capital formation measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.