Taxes on goods and services (current LCU), per unit of GDP in Macao
Macao: Taxes on goods and services (current LCU), per unit of GDP was 1.95 current LCU per US$ of GDP in 2024. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Macao, 1996–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes on goods and services (current lcu), per unit of gdp in Macao is 1.95 current LCU per US$ of GDP, measured in 2024.
The figure is up 22.9% on the previous year and down 26.8% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Macao peaked at 2.88 current LCU per US$ of GDP in 2011 and was at its lowest, 0.8693 current LCU per US$ of GDP, in 1996.
Macao ranks 69th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Macao, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1996 | 0.8693 current LCU per US$ of GDP | — |
| 1997 | 1.09 current LCU per US$ of GDP | +25.6% |
| 1998 | 0.9304 current LCU per US$ of GDP | -14.8% |
| 1999 | 0.9051 current LCU per US$ of GDP | -2.7% |
| 2000 | 1 current LCU per US$ of GDP | +10.5% |
| 2001 | 1.1 current LCU per US$ of GDP | +10.4% |
| 2002 | 1.2 current LCU per US$ of GDP | +8.9% |
| 2003 | 1.46 current LCU per US$ of GDP | +21.1% |
| 2004 | 1.57 current LCU per US$ of GDP | +7.5% |
| 2005 | 1.55 current LCU per US$ of GDP | -1.1% |
| 2006 | 1.55 current LCU per US$ of GDP | +0.5% |
| 2007 | 1.84 current LCU per US$ of GDP | +18.4% |
| 2008 | 2.26 current LCU per US$ of GDP | +22.5% |
| 2009 | 2.18 current LCU per US$ of GDP | -3.2% |
| 2010 | 2.61 current LCU per US$ of GDP | +19.6% |
| 2011 | 2.88 current LCU per US$ of GDP | +10.3% |
| 2012 | 2.82 current LCU per US$ of GDP | -2.2% |
| 2013 | 2.79 current LCU per US$ of GDP | -1.0% |
| 2014 | 2.66 current LCU per US$ of GDP | -4.6% |
| 2015 | 2.13 current LCU per US$ of GDP | -20.1% |
| 2016 | 2.02 current LCU per US$ of GDP | -5.1% |
| 2017 | 2.14 current LCU per US$ of GDP | +6.1% |
| 2018 | 2.21 current LCU per US$ of GDP | +3.0% |
| 2019 | 2.2 current LCU per US$ of GDP | -0.2% |
| 2020 | 1.34 current LCU per US$ of GDP | -39.1% |
| 2021 | 1.25 current LCU per US$ of GDP | -6.6% |
| 2022 | 0.8877 current LCU per US$ of GDP | -29.2% |
| 2023 | 1.59 current LCU per US$ of GDP | +78.6% |
| 2024 | 1.95 current LCU per US$ of GDP | +22.9% |
Macao compared with similar countries
- Macao's 1.95 current LCU per US$ of GDP is above the median for high income countries, which is 0.1137 current LCU per US$ of GDP, 17.1× the median. (57 countries reporting)
- Macao's 1.95 current LCU per US$ of GDP is above the median for East Asia & Pacific, which is 0.3173 current LCU per US$ of GDP, 6.1× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU), per unit of GDP 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 | +78.6% | 0.8877 current LCU per US$ of GDP | 1.59 current LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.9493 current LCU per US$ of GDP | 0.8693 current LCU per US$ of GDP | 1.09 current LCU per US$ of GDP | 4 |
| 2000s | 1.57 current LCU per US$ of GDP | 1 current LCU per US$ of GDP | 2.26 current LCU per US$ of GDP | 10 |
| 2010s | 2.44 current LCU per US$ of GDP | 2.02 current LCU per US$ of GDP | 2.88 current LCU per US$ of GDP | 10 |
| 2020s | 1.4 current LCU per US$ of GDP | 0.8877 current LCU per US$ of GDP | 1.95 current LCU per US$ of GDP | 5 |
Countries ranked near Macao
- 66 Czechia 2.43 current LCU per US$ of GDP compare
- 67 Philippines 2.42 current LCU per US$ of GDP compare
- 68 Zambia 2.1 current LCU per US$ of GDP compare
- 70 Maldives 1.74 current LCU per US$ of GDP compare
- 71 South Africa 1.73 current LCU per US$ of GDP compare
- 72 Namibia 1.65 current LCU per US$ of GDP 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 taxes on goods and services (current lcu), per unit of gdp in Macao?
- Taxes on goods and services (current lcu), per unit of gdp in Macao was 1.95 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Macao?
- The highest recorded value was 2.88 current LCU per US$ of GDP in 2011.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Macao?
- The lowest recorded value was 0.8693 current LCU per US$ of GDP in 1996.
- How does Macao rank for taxes on goods and services (current lcu), per unit of gdp?
- Macao ranks 69th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Macao?
- Over the last ten years it is down 26.8%. The long-run trend across the full record is rising.
- Where does this Macao data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.