Services, value added in Macao
Macao: Services, value added was 9.0% in 2024. ◆ Volatile
Services, value added in Macao, 2009–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2024, services, value added in Macao stood at 9.0%.
The figure is down 88.1% on the previous year and up 356.7% over ten years.
Over the whole period, services, value added in Macao peaked at 76.0% in 2023 and was at its lowest, -56.1%, in 2020.
Macao ranks 8th of 197 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.3% | 5.3% | 5.3% | 1 |
| 2010s | 6.9% | -22.8% | 32.4% | 10 |
| 2020s | 7.8% | -56.1% | 76.0% | 5 |
Countries ranked near Macao
More economy & growth data for Macao
- Gross national expenditure 228.12 billion current LCU (2025)
- Final consumption expenditure 176.90 billion current LCU (2025)
- Final consumption expenditure 19.55 billion constant 2015 US$ (2025)
- Final consumption expenditure 1.8% (2025)
- Industry (including construction), value added 18.79 billion constant LCU (2024)
- Final consumption expenditure 42.3% (2025)
- Industry (including construction), value added -6.0% (2024)
- Gross national expenditure 28.41 billion current US$ (2025)
- Exports of goods and services 385.79 billion current LCU (2025)
- Exports of goods and services 48.05 billion current US$ (2025)
Frequently asked questions
- What is services, value added in Macao?
- Services, value added in Macao was 9.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Macao?
- The highest recorded value was 76.0% in 2023.
- What is the lowest services, value added recorded in Macao?
- The lowest recorded value was -56.1% in 2020.
- How does Macao rank for services, value added?
- Macao ranks 8th out of 197 countries with data for 2024.
- Is services, value added rising or falling in Macao?
- Over the last ten years it is up 356.7%. The long-run trend across the full record is volatile.
- Where does this Macao data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.