Macao: Imports, percent of GDP

* indicates monthly or quarterly data series
 Macao

Imports of goods and services as percent of GDP

 Latest value 49.32
 Year 2023
 Measure percent
 Data availability 1982 - 2023
 Average 59.06
 Min - Max 30.77 - 101.71
 Source The World Bank
The latest value from 2023 is 49.32 percent, a decline from 87.49 percent in 2022. In comparison, the world average is 49.03 percent, based on data from 138 countries. Historically, the average for Macao from 1982 to 2023 is 59.06 percent. The minimum value, 30.77 percent, was reached in 2013 while the maximum of 101.71 percent was recorded in 1983. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Macao - Imports, percent of GDP - Recent values chart

Historical series
Macao - Imports, percent of GDP - historical chart - 1982-2023




The imports of Macao and other countries are calculated as the total amount of goods and services produced abroad and sold at home. Imports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If imports are about 15 percent or less of GDP the economy is considered relatively closed. That, for example, applies to the U.S. In contrast, many small European countries import over 40 percent of the products they consume. They are considered more open to international trade.
Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 92.16 2021 percent
 Trade openness 142.00 2023 percent
 Exports, percent of GDP 92.68 2023 percent
 Exports, billion dollars 43.62 2023 billion U.S. dollars
 Growth of exports 92.86 2023 percent
 Imports, percent of GDP 49.32 2023 percent
 Imports, billion dollars 23.21 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 4.94 2023 percent
 Foreign Direct Investment, billion dollars 2.93 2022 billion U.S. dollars
 Portfolio investment inflows, equities -1.92 2022 million dollars (current)
 Current account, percent of GDP 36.03 2023 percent
 Current account, in dollars 2.78 2022 billion U.S. dollars
 Trade balance, percent of GDP 43.36 2023 percent
 Trade balance, in dollars -0.81 2022 billion U.S. dollars
 Reserves 27.77 2023 billion U.S. dollars
 Remittances, percent of GDP 0.19 2023 percent
 Remittances 90.00 2023 million U.S. dollars
 Net errors and omissions -4,545.98 2022 million USD
 Foreign exchange reserves 230.58 9/2024 billion
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