Taxes on goods and services (% value added of industry and services) in Macao
Macao: Taxes on goods and services (% value added of industry and services) was 25.1% 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 % value added of industry and services.
Analysis
Macao 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 Macao peaked at 35.8% in 2011 and was at its lowest, 11.0%, in 2022.
Macao 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 (% value added of industry and services) in Macao, 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% |
Macao compared with similar countries
- Macao's 25.1% is above the median for high income countries, which is 11.7%, 2.1× the median. (55 countries reporting)
- Macao'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 (% value added of industry and services) 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 | +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 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)
- 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 in Macao?
- Taxes on goods and services in Macao 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 Macao?
- The highest recorded value was 35.8% in 2011.
- What is the lowest taxes on goods and services recorded in Macao?
- The lowest recorded value was 11.0% in 2022.
- How does Macao rank for taxes on goods and services?
- Macao ranks 1st out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Macao?
- Over the last ten years it is down 25.4%. 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 (% value added of industry and services). Statizoid updates them automatically from the source API.
Download this data
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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 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.