Goods and services expense in Macao
Macao: Goods and services expense was 18.0% in 2023. ▼ Falling
Goods and services expense in Macao, 1996–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for goods and services expense in Macao is 18.0%, measured in 2023.
The figure is down 16.5% on the previous year and up 2.8% over ten years.
Over the whole period, goods and services expense in Macao peaked at 24.5% in 1999 and was at its lowest, 13.4%, in 2020.
That places Macao 54th out of 154 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Goods and services expense in Macao, year by year
| Year | % of expense | Change |
|---|---|---|
| 1996 | 20.3% | — |
| 1997 | 19.8% | -2.6% |
| 1998 | 20.8% | +5.1% |
| 1999 | 24.5% | +18.1% |
| 2000 | 22.3% | -9.2% |
| 2001 | 21.9% | -1.8% |
| 2002 | 19.1% | -12.8% |
| 2003 | 21.1% | +10.4% |
| 2004 | 20.5% | -2.9% |
| 2005 | 22.1% | +8.2% |
| 2006 | 22.0% | -0.5% |
| 2007 | 23.3% | +5.8% |
| 2008 | 16.6% | -28.7% |
| 2009 | 16.2% | -2.5% |
| 2010 | 15.1% | -7.1% |
| 2011 | 16.4% | +9.2% |
| 2012 | 18.4% | +12.2% |
| 2013 | 17.5% | -5.0% |
| 2014 | 17.6% | +0.4% |
| 2015 | 17.4% | -1.3% |
| 2016 | 16.1% | -7.4% |
| 2017 | 15.0% | -6.9% |
| 2018 | 15.4% | +2.7% |
| 2019 | 17.6% | +14.8% |
| 2020 | 13.4% | -24.0% |
| 2021 | 15.5% | +15.8% |
| 2022 | 21.6% | +39.1% |
| 2023 | 18.0% | -16.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.3% | 19.8% | 24.5% | 4 |
| 2000s | 20.5% | 16.2% | 23.3% | 10 |
| 2010s | 16.6% | 15.0% | 18.4% | 10 |
| 2020s | 17.1% | 13.4% | 21.6% | 4 |
Countries ranked near Macao
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)
- 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)
- Net lending (+) / net borrowing (-) 7.0% (2024)
Frequently asked questions
- What is goods and services expense in Macao?
- Goods and services expense in Macao was 18.0% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Macao?
- The highest recorded value was 24.5% in 1999.
- What is the lowest goods and services expense recorded in Macao?
- The lowest recorded value was 13.4% in 2020.
- How does Macao rank for goods and services expense?
- Macao ranks 54th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Macao?
- Over the last ten years it is up 2.8%. 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 Goods and services expense (% 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
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.