Insurance and Financial Services (As % of Service Imports, BoP) fell 26.6% to 25.6% in Macao in 2023

Insurance and Financial Services (As % of Service Imports, BoP) (%), 2023
Insurance | Macao | September 1, 2025
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Excel Sheet

Insurance and financial services as a percentage of service imports from the balance of payment fell 26.6% to 25.6% in Macao in 2023, according to the National Central Bank / OECD.

Historically, insurance and financial services as a percentage of service imports from the balance of payment in Macao reached an all time high of 34.9% in 2022 and an all time low of 11.1% in 2009.

Macao has been ranked 5th within the group of 149 countries we follow in terms of insurance and financial services as a percentage of service imports from the balance of payment, 12 places above the position seen 10 years ago.

Insurance and Financial Services (As % of Service Imports, BoP) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
China % 2.59% 2.66% 4.30% 5.39% 4.95%
Hong Kong % 9.44% 9.86% 16.1% 15.0% 14.9%
India % 4.51% 3.21% 5.63% 5.60% 4.65%
Indonesia % 4.90% 4.47% 8.97% 8.93% 9.93%
Japan % 7.47% 7.64% 10.6% 10.3% 10.6%
Macao % 15.3% 18.0% 29.7% 34.0% 34.9% ...
Malaysia % 6.93% 6.90% 8.51% 8.40% 7.37%
Philippines % 7.58% 8.56% 10.8% 11.5% 11.8%
Russia % 3.00% 3.46% 5.34% 4.82% 3.28%
Singapore % 5.77% 6.21% 7.90% 6.85% 6.70%
Taiwan % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Thailand % 6.07% 6.27% 7.46% 6.08% 6.17%
USA % 15.1% 16.1% 22.1% 19.4% 16.8%
Vietnam % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...