Taxes on goods and services (% of revenue) in Macao
Macao: Taxes on goods and services (% of revenue) was 76.2% in 2024. ▲ Rising
Taxes on goods and services in Macao, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on goods and services in Macao is 76.2%, measured in 2024.
That represents a change of up 6.3% on the previous year and down 14.8% over ten years.
Over the whole period, taxes on goods and services in Macao peaked at 91.3% in 2013 and was at its lowest, 53.4%, in 2022.
That places Macao 1st out of 156 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 29 years of available data.
Taxes on goods and services (% of revenue) in Macao, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1996 | 68.3% | — |
| 1997 | 74.4% | +9.0% |
| 1998 | 65.3% | -12.3% |
| 1999 | 55.6% | -14.8% |
| 2000 | 69.4% | +24.8% |
| 2001 | 68.2% | -1.7% |
| 2002 | 74.5% | +9.3% |
| 2003 | 78.5% | +5.4% |
| 2004 | 82.3% | +4.7% |
| 2005 | 79.0% | -4.0% |
| 2006 | 79.6% | +0.7% |
| 2007 | 79.1% | -0.6% |
| 2008 | 84.8% | +7.2% |
| 2009 | 83.1% | -2.0% |
| 2010 | 89.3% | +7.4% |
| 2011 | 90.1% | +0.9% |
| 2012 | 90.6% | +0.5% |
| 2013 | 91.3% | +0.8% |
| 2014 | 89.5% | -2.0% |
| 2015 | 83.7% | -6.5% |
| 2016 | 83.3% | -0.4% |
| 2017 | 83.4% | +0.1% |
| 2018 | 86.9% | +4.1% |
| 2019 | 82.8% | -4.6% |
| 2020 | 60.3% | -27.2% |
| 2021 | 63.1% | +4.6% |
| 2022 | 53.4% | -15.3% |
| 2023 | 71.7% | +34.2% |
| 2024 | 76.2% | +6.3% |
Macao compared with similar countries
- Macao's 76.2% is above the median for high income countries, which is 26.4%, 2.9× the median. (57 countries reporting)
- Macao's 76.2% is above the median for East Asia & Pacific, which is 25.7%, 3.0× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 65.9% | 55.6% | 74.4% | 4 |
| 2000s | 77.8% | 68.2% | 84.8% | 10 |
| 2010s | 87.1% | 82.8% | 91.3% | 10 |
| 2020s | 65.0% | 53.4% | 76.2% | 5 |
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)
- 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 taxes on goods and services in Macao?
- Taxes on goods and services in Macao was 76.2% 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 91.3% in 2013.
- What is the lowest taxes on goods and services recorded in Macao?
- The lowest recorded value was 53.4% in 2022.
- How does Macao rank for taxes on goods and services?
- Macao ranks 1st out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Macao?
- Over the last ten years it is down 14.8%. 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 Taxes on goods and services (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.