Monetary and financial statistics – January 2020

According to statistics released today by the Monetary Authority of Macao, broad money supply continued to grow in January with a stable share of patacas. Meanwhile, both resident deposits and loans increased from a month earlier.

Money supply

Currency in circulation and demand deposits rose 12.6% and 0.4% respectively. M1 thus increased 2.7% from one month earlier. Meanwhile, quasi-monetary liabilities grew 1.6%. The sum of these two items, i.e. M2, increased 1.7% to MOP699.4 billion. On an annual basis, M1 and M2 increased 8.7% and 6.2% respectively. The shares of pataca (MOP), Hong Kong dollar (HKD), renminbi (RMB) and United States dollar (USD) in M2 were 31.5%, 47.9%, 5.4% and 13.4% respectively.


Resident deposits grew by 1.5% from the preceding month to MOP680.4 billion whereas non-resident deposits dropped 1.3% to MOP240.7 billion. Meanwhile, public sector deposits with the banking sector decreased 1.0% to MOP246.6 billion. As a result, total deposits in the banking sector grew 0.3% from a month earlier to MOP1,167.6 billion. The shares of MOP, HKD, RMB and USD in total deposits were 19.3%, 47.8%, 4.9% and 24.8% respectively.


Domestic loans to the private sector grew 0.3% from a month ago to MOP519.9 billion while external loans also rose 2.9% to MOP570.8 billion. As a result, total loans to the private sector went up by 1.7% from a month earlier to MOP1,090.7 billion. The shares of MOP, HKD, RMB and USD in total loans were 17.4%, 47.5%, 6.4% and 25.7% respectively.

Operating ratios

At end-January, the loan-to-deposit ratio for the resident sector dropped from 56.3% at end-December 2019 to 56.1%. On the other hand, the ratio for both the resident and non-resident sectors grew from 92.2% to 93.4%. The one-month and three-month current assets to liabilities ratios stood at 46.2% and 47.7% respectively. Concurrently, the non-performing loan ratio stabilised at 0.3%.

Is there anything wrong with this page?

Help us improve GOV.MO

* Mandatory field


All information on this site is based on the official language of the Macao Special Administrative Region. The English version is the translation from the Chinese originals and is provided for reference only. If you find that some of the contents do not have an English version, please refer to the Traditional Chinese or Portuguese versions.