Goods and services expense in Macao
Macao: Goods and services expense was 14.18 billion current LCU in 2024. ◆ Volatile
Goods and services expense in Macao, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in Macao stood at 14.18 billion current LCU.
That represents a change of up 9.3% on the previous year and up 61.7% over ten years.
Over the whole period, goods and services expense in Macao peaked at 21.33 billion current LCU in 2022 and was at its lowest, 1.45 billion current LCU, in 1996.
Macao ranks 94th of 155 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.77 billion current LCU | 1.45 billion current LCU | 2.40 billion current LCU | 4 |
| 2000s | 2.69 billion current LCU | 1.69 billion current LCU | 4.77 billion current LCU | 10 |
| 2010s | 8.47 billion current LCU | 5.01 billion current LCU | 12.41 billion current LCU | 10 |
| 2020s | 14.45 billion current LCU | 11.69 billion current LCU | 21.33 billion current LCU | 5 |
Countries ranked near Macao
More public sector data for Macao
- Tax revenue 27.4% (2024)
- Taxes on income, profits and capital gains 8.6% (2024)
- Taxes on goods and services 76.2% (2024)
- Net investment in nonfinancial assets 4.8% (2024)
- Net lending (+) / net borrowing (-) 7.0% (2024)
- Grants and other revenue 13.4% (2024)
- Other taxes 1.5% (2024)
- Compensation of employees 33.4% (2023)
- Goods and services expense 18.0% (2023)
- Subsidies and other transfers 32.6% (2023)
Frequently asked questions
- What is goods and services expense in Macao?
- Goods and services expense in Macao was 14.18 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Macao?
- The highest recorded value was 21.33 billion current LCU in 2022.
- What is the lowest goods and services expense recorded in Macao?
- The lowest recorded value was 1.45 billion current LCU in 1996.
- How does Macao rank for goods and services expense?
- Macao ranks 94th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Macao?
- Over the last ten years it is up 61.7%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.