Compensation of employees (% of expense) in Macao
Macao: Compensation of employees (% of expense) was 33.4% in 2023. ▼ Falling
Compensation of employees in Macao, 1996–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, compensation of employees in Macao stood at 33.4%.
That represents a change of up 39.5% on the previous year and up 9.1% over ten years.
Over the whole period, compensation of employees in Macao peaked at 56.8% in 1997 and was at its lowest, 24.0%, in 2022.
Macao ranks 52nd of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Compensation of employees (% of expense) in Macao, year by year
| Year | % of expense | Change |
|---|---|---|
| 1996 | 56.0% | — |
| 1997 | 56.8% | +1.3% |
| 1998 | 56.7% | -0.1% |
| 1999 | 46.5% | -18.1% |
| 2000 | 53.5% | +15.3% |
| 2001 | 53.7% | +0.2% |
| 2002 | 52.6% | -2.0% |
| 2003 | 50.0% | -4.9% |
| 2004 | 49.7% | -0.6% |
| 2005 | 49.2% | -0.9% |
| 2006 | 45.3% | -8.0% |
| 2007 | 45.5% | +0.3% |
| 2008 | 34.0% | -25.2% |
| 2009 | 28.6% | -15.9% |
| 2010 | 27.5% | -3.7% |
| 2011 | 30.2% | +9.8% |
| 2012 | 31.7% | +5.0% |
| 2013 | 30.6% | -3.5% |
| 2014 | 29.9% | -2.3% |
| 2015 | 30.6% | +2.2% |
| 2016 | 30.8% | +0.8% |
| 2017 | 31.9% | +3.4% |
| 2018 | 31.8% | -0.1% |
| 2019 | 31.2% | -2.1% |
| 2020 | 26.6% | -14.6% |
| 2021 | 30.2% | +13.6% |
| 2022 | 24.0% | -20.7% |
| 2023 | 33.4% | +39.5% |
Macao compared with similar countries
- Macao's 33.4% is above the median for high income countries, which is 18.9%, 1.8× the median. (56 countries reporting)
- Macao's 33.4% is above the median for East Asia & Pacific, which is 29.6%, 1.1× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (% of expense) in Macao changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +39.5% | 24.0% | 33.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 54.0% | 46.5% | 56.8% | 4 |
| 2000s | 46.2% | 28.6% | 53.7% | 10 |
| 2010s | 30.6% | 27.5% | 31.9% | 10 |
| 2020s | 28.5% | 24.0% | 33.4% | 4 |
Countries ranked near Macao
- 49 Afghanistan 34.0% compare
- 50 Nauru 33.9% compare
- 51 Tonga 33.8% compare
- 53 Malawi 32.5% compare
- 54 United Arab Emirates 32.2% compare
- 55 Trinidad and Tobago 32.1% compare
More public sector data for Macao
- Tax revenue 27.4% (2024)
- Capital stock, General government, Current prices, Domestic currency 0 (2019)
- Taxes on income, profits and capital gains 8.6% (2024)
- Capital stock, General government, Constant prices, Percent of GDP 0 (2019)
- Capital stock, General government, Constant prices, Purchasing power 0 (2019)
- Taxes on goods and services 76.2% (2024)
- Net investment in nonfinancial assets 4.8% (2024)
- Net lending (+) / net borrowing (-) 7.0% (2024)
- Capital stock, General government, Current prices, Domestic currency 0 units per person (2019)
- Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP (2019)
Frequently asked questions
- What is compensation of employees in Macao?
- Compensation of employees in Macao was 33.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Macao?
- The highest recorded value was 56.8% in 1997.
- What is the lowest compensation of employees recorded in Macao?
- The lowest recorded value was 24.0% in 2022.
- How does Macao rank for compensation of employees?
- Macao ranks 52nd out of 155 countries with data for 2023.
- Is compensation of employees rising or falling in Macao?
- Over the last ten years it is up 9.1%. The long-run trend across the full record is falling.
- Where does this Macao data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.