Taxes on goods and services in Macau, China
Macau, China: Taxes on goods and services was 25.1% in 2024. ▲ Rising
Taxes on goods and services in Macau, China, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
Macau, China recorded 25.1% for taxes on goods and services in 2024.
Compared with earlier readings it is up 22.7% on the previous year and down 25.4% over ten years.
Over the whole period, taxes on goods and services in Macau, China peaked at 35.8% in 2011 and was at its lowest, 11.0%, in 2022.
Macau, China ranks 1st of 154 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 29 years of available data.
Taxes on goods and services in Macau, China, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1996 | 11.8% | — |
| 1997 | 14.6% | +23.9% |
| 1998 | 12.9% | -12.0% |
| 1999 | 12.7% | -1.0% |
| 2000 | 13.5% | +6.2% |
| 2001 | 15.0% | +10.8% |
| 2002 | 15.9% | +6.1% |
| 2003 | 19.2% | +20.8% |
| 2004 | 21.4% | +11.7% |
| 2005 | 20.7% | -3.5% |
| 2006 | 21.1% | +2.1% |
| 2007 | 23.8% | +12.7% |
| 2008 | 29.1% | +22.1% |
| 2009 | 28.3% | -2.6% |
| 2010 | 33.0% | +16.7% |
| 2011 | 35.8% | +8.4% |
| 2012 | 35.4% | -1.2% |
| 2013 | 35.0% | -1.2% |
| 2014 | 33.6% | -4.0% |
| 2015 | 26.8% | -20.3% |
| 2016 | 25.4% | -5.2% |
| 2017 | 27.1% | +6.7% |
| 2018 | 27.7% | +2.5% |
| 2019 | 27.8% | +0.3% |
| 2020 | 17.2% | -38.2% |
| 2021 | 15.7% | -8.9% |
| 2022 | 11.0% | -29.9% |
| 2023 | 20.4% | +86.0% |
| 2024 | 25.1% | +22.7% |
Macau, China compared with similar countries
- Macau, China's 25.1% is above the median for high income countries, which is 11.7%, 2.1× the median. (55 countries reporting)
- Macau, China's 25.1% is above the median for East Asia & Pacific, which is 7.8%, 3.2× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on goods and services in Macau, China 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 | +86.0% | 11.0% | 20.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.0% | 11.8% | 14.6% | 4 |
| 2000s | 20.8% | 13.5% | 29.1% | 10 |
| 2010s | 30.8% | 25.4% | 35.8% | 10 |
| 2020s | 17.9% | 11.0% | 25.1% | 5 |
Countries ranked near Macau, China
More public sector data for Macau, China
- 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 taxes on goods and services in Macau, China?
- Taxes on goods and services in Macau, China was 25.1% 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 Macau, China?
- The highest recorded value was 35.8% in 2011.
- What is the lowest taxes on goods and services recorded in Macau, China?
- The lowest recorded value was 11.0% in 2022.
- How does Macau, China rank for taxes on goods and services?
- Macau, China ranks 1st out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Macau, China?
- Over the last ten years it is down 25.4%. The long-run trend across the full record is rising.
- Where does this Macau, China 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 (% value added of industry and services). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.