Macau SAR, China M2 Growth

1985 - 2025 | Monthly | % | CEIC Data

Key information about Macau SAR (China) M2 Growth

  • Macau SAR (China) Money Supply M2 increased 7.5 % YoY in Dec 2025, compared with a growth of 6.8 % in the previous month
  • Macau SAR (China) Money Supply M2 growth data is updated monthly, available from Jun 1985 to Dec 2025
  • 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 30.6 USD bn in Dec 2025
  • The Foreign Exchange Reserves equaled 20.8 Months of Import in Dec 2025
  • Macau SAR (China) Domestic Credit reached 21.4 USD bn in Dec 2025, representing an drop of 28.2 % YoY
  • The country's Non Performing Loans Ratio stood at 4.9 % in Dec 2025, compared with the ratio of 5.5 % in the previous month
  • Household Debt of Macau SAR (China) reached 38.6 USD bn in Sep 2025, accounting for 73.8 % of the country's Nominal GDP

View Macau SAR, China's M2 Growth from Jun 1985 to Dec 2025 in the chart:

Macau SAR, China M2 Growth

What was Macau SAR, China's M2 Growth in Dec 2025?

Macau SAR (China) Money Supply M2 increased 7.5 % YoY in Dec 2025, compared with a growth of 6.8 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
7.5 Dec 2025 6.8 Nov 2025 -4.8 Apr 2000 40.3 May 1992 % monthly Jun 1985 - Dec 2025

M2 Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 13.4 Dec 2025 monthly Dec 1994 - Dec 2025
Algeria (%) 9.0 Dec 2024 monthly Jan 2002 - Dec 2024
Argentina (%) 38.7 Nov 2025 monthly Jan 1991 - Nov 2025
Armenia (%) 22.0 Dec 2025 monthly Jan 2003 - Dec 2025
Australia (%) 7.1 Dec 2025 monthly Mar 1966 - Dec 2025
Austria (%) 2.4 Dec 2025 monthly Sep 1998 - Dec 2025
Azerbaijan (%) 6.9 Oct 2025 monthly Dec 1996 - Oct 2025
Bahrain (%) 3.8 Dec 2025 monthly Dec 1975 - Dec 2025
Bangladesh (%) 9.6 Dec 2025 monthly Jun 1987 - Dec 2025
Belarus (%) 25.1 Dec 2025 monthly Dec 1990 - Dec 2025
Belgium (%) 2.7 Nov 2025 monthly Dec 1997 - Nov 2025
Bolivia (%) 17.6 Dec 2025 monthly Dec 1988 - Dec 2025
Bosnia and Herzegovina (%) 9.7 Dec 2025 monthly Aug 1998 - Dec 2025
Botswana (%) -3.0 Oct 2025 monthly Jan 2002 - Oct 2025
Brazil (%) 10.2 Dec 2025 monthly Jan 1971 - Dec 2025
Bulgaria (%) 6.6 Dec 2025 monthly Dec 1996 - Dec 2025
Cambodia (%) 12.9 Dec 2025 monthly Jan 1996 - Dec 2025
Canada (%) 5.0 Nov 2025 monthly Jan 1969 - Nov 2025
Chile (%) 3.9 Jan 2026 monthly Jan 1987 - Jan 2026
China (%) 8.5 Dec 2025 monthly Mar 1997 - Dec 2025
Colombia (%) 11.0 Dec 2025 monthly Dec 1980 - Dec 2025
Croatia (%) 6.6 Dec 2025 monthly Jun 1995 - Dec 2025
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 2.7 Nov 2025 monthly Jan 2003 - Nov 2025
Denmark (%) 3.5 Dec 2025 monthly Jan 1992 - Dec 2025
Ecuador (%) 13.9 Nov 2025 monthly Dec 2007 - Nov 2025
Egypt (%) 20.6 Dec 2025 monthly Jan 1997 - Dec 2025
Estonia (%) 4.6 Dec 2025 monthly Jan 2012 - Dec 2025
European Union (%) 3.0 Dec 2025 monthly Jan 1981 - Dec 2025
Finland (%) 3.1 Nov 2025 monthly Jan 1981 - Nov 2025
France (%) 1.1 Dec 2025 monthly Dec 1978 - Dec 2025
Georgia (%) 25.5 Dec 2025 monthly Oct 1996 - Dec 2025
Germany (%) 3.4 Dec 2025 monthly Jan 1970 - Dec 2025
Ghana (%) 30.3 Jun 2025 quarterly Mar 1991 - Jun 2025
Greece (%) 4.7 Dec 2025 monthly Jan 2002 - Dec 2025
Hong Kong SAR, China (%) 11.6 Dec 2025 monthly Dec 1981 - Dec 2025
Hungary (%) 5.1 Dec 2025 monthly Jan 1999 - Dec 2025
Iceland (%) 5.0 Dec 2025 monthly Sep 1987 - Dec 2025
India (%) 12.4 Nov 2025 monthly Mar 1995 - Nov 2025
Indonesia (%) 9.6 Dec 2025 monthly Feb 1969 - Dec 2025
Iran (%) 32.4 Jun 2025 monthly Dec 2000 - Jun 2025
Ireland (%) 5.4 Dec 2025 monthly Jan 2000 - Dec 2025
Israel (%) 5.4 Oct 2025 monthly Apr 1982 - Oct 2025
Italy (%) 2.5 Dec 2025 monthly Dec 1975 - Dec 2025
Ivory Coast (%) 22.8 Nov 2025 monthly Jan 2005 - Nov 2025
Japan (%) 1.6 Jan 2026 monthly Jan 1968 - Jan 2026
Jordan (%) 5.4 Dec 2025 monthly Jan 1991 - Dec 2025
Kazakhstan (%) 16.7 Dec 2025 monthly Dec 1994 - Dec 2025
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 Dec 2025 monthly Jan 1995 - Dec 2025
Kyrgyzstan (%) 57.7 Nov 2025 monthly Jan 1995 - Nov 2025
Laos (%) 19.1 Dec 2025 quarterly Dec 2000 - Dec 2025
Latvia (%) 6.9 Dec 2025 monthly Jan 2015 - Dec 2025
Lebanon (%) 34.4 Nov 2025 monthly Dec 1980 - Nov 2025
Lithuania (%) 6.2 Nov 2025 monthly Dec 1994 - Nov 2025
Luxembourg (%) 4.1 Dec 2025 monthly Jan 2000 - Dec 2025
Macau SAR, China (%) 7.5 Dec 2025 monthly Jun 1985 - Dec 2025
North Macedonia (%) 11.2 Dec 2025 monthly Jan 2004 - Dec 2025
Malawi (%) 51.0 Sep 2025 monthly Jan 1976 - Sep 2025
Malaysia (%) 4.2 Dec 2025 monthly Dec 1970 - Dec 2025
Malta (%) 3.9 Nov 2025 monthly Jan 2009 - Nov 2025
Mauritius (%) 8.9 Nov 2025 monthly Jul 1977 - Nov 2025
Mexico (%) 6.8 Dec 2025 monthly Dec 1986 - Dec 2025
Moldova (%) 14.6 Dec 2025 monthly Jan 2001 - Dec 2025
Mongolia (%) 8.8 Dec 2025 monthly Dec 1997 - Dec 2025
Montenegro (%) 9.9 2024 yearly 2003 - 2024
Morocco (%) 11.0 Dec 2025 monthly Jan 1986 - Dec 2025
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 (%) 4.1 Dec 2025 monthly Mar 1989 - Dec 2025
Nigeria (%) 9.8 Dec 2025 monthly Apr 1991 - Dec 2025
Norway (%) 7.2 Dec 2025 monthly Dec 1993 - Dec 2025
Oman (%) 4.3 Sep 2025 monthly Jan 2000 - Sep 2025
Pakistan (%) 14.4 Nov 2025 monthly Jan 1989 - Nov 2025
Palestinian Territory (%) 15.8 Nov 2025 monthly Jul 2003 - Nov 2025
Panama (%) 8.4 Nov 2025 monthly Dec 2003 - Nov 2025
Paraguay (%) 11.6 Dec 2025 monthly Dec 1989 - Dec 2025
Peru (%) 7.5 Dec 2025 monthly Jan 1993 - Dec 2025
Philippines (%) 7.5 Dec 2025 monthly Dec 1989 - Dec 2025
Poland (%) 10.4 Dec 2025 monthly Dec 1997 - Dec 2025
Portugal (%) 6.0 Oct 2025 monthly Dec 1980 - Oct 2025
Qatar (%) 3.5 Dec 2025 monthly Jan 1983 - Dec 2025
Romania (%) 7.2 Dec 2025 monthly Dec 2002 - Dec 2025
Russia (%) 10.6 Dec 2025 monthly Dec 1992 - Dec 2025
Saudi Arabia (%) 8.7 Dec 2025 monthly Jan 1994 - Dec 2025
Serbia (%) 6.9 Dec 2025 monthly Aug 2002 - Dec 2025
Singapore (%) 6.4 Dec 2025 monthly Mar 2005 - Dec 2025
Slovakia (%) 5.5 Dec 2025 monthly Dec 2001 - Dec 2025
Slovenia (%) 7.3 Dec 2025 monthly Jan 2008 - Dec 2025
South Africa (%) 8.1 Dec 2025 monthly Mar 1966 - Dec 2025
Spain (%) 5.1 Dec 2025 monthly Jan 1963 - Dec 2025
Sri Lanka (%) 11.3 Dec 2025 monthly Jan 1995 - Dec 2025
Sudan (%) 82.3 Nov 2025 monthly Dec 2004 - Nov 2025
Sweden (%) 2.9 Dec 2025 monthly Jan 1999 - Dec 2025
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: Revenue (MOP mn) 33,343.897 Jun 2025 quarterly Mar 2003 - Jun 2025
Govt Finance: Expenditure (MOP mn) 19,003.222 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: 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) -1,323.8 Dec 2025 monthly Jan 1998 - Dec 2025
Total Exports (USD mn) 146.2 Dec 2025 monthly Jan 2000 - Dec 2025
Total Exports Growth (%) 11.0 Dec 2025 monthly Jan 2001 - Dec 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) 1,470.0 Dec 2025 monthly Jan 2000 - Dec 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) 2.504 Dec 2025 monthly Jan 1985 - Dec 2025
Total Imports from USA (USD mn) 75.448 Dec 2025 monthly Jan 1985 - Dec 2025
Total Exports to China (USD mn) 7.292 Dec 2025 monthly Jan 1985 - Dec 2025
Total Imports from China (USD mn) 490.691 Dec 2025 monthly Jan 1985 - Dec 2025
Re Exports (MOP th) 1,035,086.044 Dec 2025 monthly Jan 2000 - Dec 2025
Imports (MOP th) 11,781,176.032 Dec 2025 monthly Jan 2000 - Dec 2025
Imports: America: USA (MOP th) 604,652.556 Dec 2025 monthly Jan 2000 - Dec 2025
Imports: Asia: China (MOP th) 3,932,488.773 Dec 2025 monthly Jan 2000 - Dec 2025
Total Exports: Asia: China (MOP th) 58,442.777 Dec 2025 monthly Jan 2000 - Dec 2025
Total Exports: America: USA (MOP th) 20,063.699 Dec 2025 monthly Jan 2000 - Dec 2025
Total Exports: Asia: Hong Kong (MOP th) 847,042.478 Dec 2025 monthly Jan 2000 - Dec 2025
Imports: Asia: Hong Kong (MOP th) 729,798.829 Dec 2025 monthly Jan 2000 - Dec 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) 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: PI: Liabilities (MOP mn) -38,499.362 2024 yearly 2002 - 2024
BoP: CU: Secondary Income (MOP mn) -29,308.824 2024 yearly 2002 - 2024
BoP: Financial Account (FA) (MOP mn) 163,638.905 2024 yearly 2002 - 2024
BoP: FA: NR: Other Investment (OI) (MOP mn) -19,464.149 2024 yearly 2002 - 2024
BoP: FA: NR: Direct Investment (DI) (MOP mn) -5,231.190 2024 yearly 2002 - 2024
BoP: CU: Credit (MOP mn) 482,935.110 2024 yearly 2002 - 2024
BoP: FA: NR: OI: Liabilities (MOP mn) -37,790.267 2024 yearly 2002 - 2024
BoP: FA: NR: DI: Assets (MOP mn) 9,970.092 2024 yearly 2002 - 2024
BoP: CA: Debit (MOP mn) 0.840 2024 yearly 2002 - 2024
BoP: Errors and Omissions (MOP mn) 29,527.445 2024 yearly 2002 - 2024
BoP: FA: NR: PI: Assets (MOP mn) 147,159.085 2024 yearly 2002 - 2024
BoP: CU: Primary Income (PI) (MOP mn) -4,746.619 2024 yearly 2002 - 2024
BoP: FA: NR: Portfolio Investment (PI) (MOP mn) 185,658.447 2024 yearly 2002 - 2024
Balance of Payments (BoP) (MOP mn) 4,425.009 2023 yearly 2002 - 2023
BoP: CU: Goods (MOP mn) -97,674.952 2023 yearly 2002 - 2023
BoP: CA: Credit (MOP mn) 0.029 2023 yearly 2002 - 2023
BoP: FA: Reserve Assets (MOP mn) 4,425.009 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: Services (MOP mn) 247,929.785 2023 yearly 2002 - 2023
BoP: FA: NR: OI: Assets (MOP mn) -106,797.472 2023 yearly 2002 - 2023
BoP: FA: NR: DI: Lia (MOP mn) 13,251.172 2023 yearly 2002 - 2023
BoP: FA: NR: Financial Derivatives (FD) (MOP mn) -499.474 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 (%) 4.9 Dec 2025 monthly Jan 1990 - Dec 2025
Household Debt: % of GDP (%) 73.8 Dec 2025 quarterly Dec 2001 - Dec 2025
Non-Performing Loans (USD mn) 6,194.982 Dec 2025 monthly Jan 1990 - Dec 2025
Money Supply M1 (USD mn) 9,204.711 Dec 2025 monthly Jun 1984 - Dec 2025
Money Supply M2 (USD mn) 103,791.703 Nov 2025 monthly Jun 1984 - Nov 2025
M2 Growth (%) 7.5 Dec 2025 monthly Jun 1985 - Dec 2025
Foreign Exchange Reserves (USD mn) 30,639.4 Dec 2025 monthly Jun 1984 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 59.035 Dec 2025 quarterly Dec 2001 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 20.8 Dec 2025 monthly Jan 2000 - Dec 2025
Total Deposits (USD mn) 173,766.053 Nov 2025 monthly Jun 1984 - Nov 2025
Total Deposits Growth (%) 9.6 Dec 2025 monthly Jun 1985 - Dec 2025
Domestic Credit (USD mn) 21,410.8 Dec 2025 monthly Jun 1984 - Dec 2025
Domestic Credit Growth (%) -27.7 Nov 2025 monthly Jun 1985 - Nov 2025
Household Debt (USD mn) 38,606.0 Sep 2025 quarterly Jun 1984 - Sep 2025
Total Loans (USD mn) 124,966.963 Nov 2025 monthly Jun 1984 - Nov 2025
Total Loans Growth (%) -0.40 Dec 2025 monthly Jun 1985 - Dec 2025
Private Debt: % of Nominal GDP (%) 120.71 Dec 2025 quarterly Dec 2001 - Dec 2025
Monetary Base (MOP mn) 57,846.017 Dec 2025 monthly Jun 1984 - Dec 2025
Deposits (MOP mn) 1,392,439.514 Nov 2025 monthly Jun 1984 - Nov 2025
Loans: Total (MOP mn) 1,001,397.766 Nov 2025 monthly Jun 1984 - Nov 2025
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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