Taxes on goods and services (current LCU) in Macao
Macao: Taxes on goods and services (current LCU) was 96.35 billion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Macao, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for taxes on goods and services in Macao is 96.35 billion current LCU, measured in 2024.
The figure is up 33.2% on the previous year and down 34.1% over ten years.
Over the whole period, taxes on goods and services in Macao peaked at 146.20 billion current LCU in 2014 and was at its lowest, 5.93 billion current LCU, in 1999.
Macao ranks 78th of 157 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU) in Macao, year by year
| Year | current LCU | Change |
|---|---|---|
| 1996 | 6.24 billion current LCU | — |
| 1997 | 7.94 billion current LCU | +27.2% |
| 1998 | 6.32 billion current LCU | -20.3% |
| 1999 | 5.93 billion current LCU | -6.3% |
| 2000 | 6.77 billion current LCU | +14.3% |
| 2001 | 7.57 billion current LCU | +11.8% |
| 2002 | 8.86 billion current LCU | +17.0% |
| 2003 | 12.01 billion current LCU | +35.5% |
| 2004 | 16.66 billion current LCU | +38.7% |
| 2005 | 18.82 billion current LCU | +13.0% |
| 2006 | 23.13 billion current LCU | +22.9% |
| 2007 | 33.94 billion current LCU | +46.8% |
| 2008 | 47.43 billion current LCU | +39.7% |
| 2009 | 47.12 billion current LCU | -0.7% |
| 2010 | 73.74 billion current LCU | +56.5% |
| 2011 | 106.07 billion current LCU | +43.9% |
| 2012 | 121.65 billion current LCU | +14.7% |
| 2013 | 143.80 billion current LCU | +18.2% |
| 2014 | 146.20 billion current LCU | +1.7% |
| 2015 | 95.56 billion current LCU | -34.6% |
| 2016 | 90.77 billion current LCU | -5.0% |
| 2017 | 107.69 billion current LCU | +18.6% |
| 2018 | 121.46 billion current LCU | +12.8% |
| 2019 | 121.14 billion current LCU | -0.3% |
| 2020 | 33.91 billion current LCU | -72.0% |
| 2021 | 38.38 billion current LCU | +13.2% |
| 2022 | 22.13 billion current LCU | -42.3% |
| 2023 | 72.33 billion current LCU | +226.9% |
| 2024 | 96.35 billion current LCU | +33.2% |
Macao compared with similar countries
- Macao's 96.35 billion current LCU is above the median for high income countries, which is 39.13 billion current LCU, 2.5× the median. (57 countries reporting)
- Macao's 96.35 billion current LCU is above the median for East Asia & Pacific, which is 34.13 billion current LCU, 2.8× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services (current LCU) 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 | +226.9% | 22.13 billion current LCU | 72.33 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.61 billion current LCU | 5.93 billion current LCU | 7.94 billion current LCU | 4 |
| 2000s | 22.23 billion current LCU | 6.77 billion current LCU | 47.43 billion current LCU | 10 |
| 2010s | 112.81 billion current LCU | 73.74 billion current LCU | 146.20 billion current LCU | 10 |
| 2020s | 52.62 billion current LCU | 22.13 billion current LCU | 96.35 billion current LCU | 5 |
Countries ranked near Macao
- 75 North Macedonia 115.06 billion current LCU compare
- 76 Australia 110.61 billion current LCU compare
- 77 United States 108.24 billion current LCU compare
- 79 Mauritius 91.64 billion current LCU compare
- 80 Equatorial Guinea 89.25 billion current LCU compare
- 81 Canada 85.82 billion current LCU 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)
- 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)
- Capital stock, General government, Current prices, Domestic currency 0 units per square kilometre (2019)
Frequently asked questions
- What is taxes on goods and services in Macao?
- Taxes on goods and services in Macao was 96.35 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Macao?
- The highest recorded value was 146.20 billion current LCU in 2014.
- What is the lowest taxes on goods and services recorded in Macao?
- The lowest recorded value was 5.93 billion current LCU in 1999.
- How does Macao rank for taxes on goods and services?
- Macao ranks 78th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Macao?
- Over the last ten years it is down 34.1%. The long-run trend across the full record is volatile.
- 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.