Tax revenue (% of GDP) in Macao
Macao: Tax revenue (% of GDP) was 27.4% in 2024. ▲ Rising
Tax revenue in Macao, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Macao recorded 27.4% for tax revenue in 2024.
That represents a change of up 19.6% on the previous year and down 21.8% over ten years.
Over the whole period, tax revenue in Macao peaked at 37.4% in 2011 and was at its lowest, 13.1%, in 1996.
Macao ranks 6th of 157 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 29 years of available data.
Tax revenue (% of GDP) in Macao, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1996 | 13.1% | — |
| 1997 | 15.9% | +21.7% |
| 1998 | 14.2% | -10.8% |
| 1999 | 14.2% | -0.2% |
| 2000 | 14.9% | +5.1% |
| 2001 | 16.4% | +9.9% |
| 2002 | 17.2% | +5.1% |
| 2003 | 20.0% | +16.3% |
| 2004 | 21.3% | +6.1% |
| 2005 | 21.0% | -1.4% |
| 2006 | 21.1% | +0.7% |
| 2007 | 25.5% | +20.5% |
| 2008 | 30.2% | +18.7% |
| 2009 | 29.3% | -3.1% |
| 2010 | 34.4% | +17.3% |
| 2011 | 37.4% | +8.8% |
| 2012 | 36.8% | -1.7% |
| 2013 | 36.4% | -1.2% |
| 2014 | 35.1% | -3.6% |
| 2015 | 29.2% | -16.7% |
| 2016 | 27.8% | -4.7% |
| 2017 | 29.1% | +4.5% |
| 2018 | 29.5% | +1.4% |
| 2019 | 29.8% | +1.1% |
| 2020 | 21.9% | -26.6% |
| 2021 | 19.5% | -10.8% |
| 2022 | 16.7% | -14.2% |
| 2023 | 22.9% | +36.9% |
| 2024 | 27.4% | +19.6% |
Macao compared with similar countries
- Macao's 27.4% is above the median for high income countries, which is 20.7%, 1.3× the median. (57 countries reporting)
- Macao's 27.4% is above the median for East Asia & Pacific, which is 16.7%, 1.6× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.4% | 13.1% | 15.9% | 4 |
| 2000s | 21.7% | 14.9% | 30.2% | 10 |
| 2010s | 32.6% | 27.8% | 37.4% | 10 |
| 2020s | 21.7% | 16.7% | 27.4% | 5 |
Countries ranked near Macao
- 3 Denmark 33.4% compare
- 4 New Zealand 29.5% compare
- 5 Luxembourg 28.6% compare
- 7 Greece 27.4% compare
- 8 Sweden 27.2% compare
- 9 United Kingdom 26.9% compare
More public sector data for Macao
- 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)
- Capital stock, General government, Current prices, Domestic currency 0 units per square kilometre (2019)
Frequently asked questions
- What is tax revenue in Macao?
- Tax revenue in Macao was 27.4% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Macao?
- The highest recorded value was 37.4% in 2011.
- What is the lowest tax revenue recorded in Macao?
- The lowest recorded value was 13.1% in 1996.
- How does Macao rank for tax revenue?
- Macao ranks 6th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Macao?
- Over the last ten years it is down 21.8%. The long-run trend across the full record is rising.
- 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.