Social contributions in Macao
Macao: Social contributions was 479.01 million current LCU in 2024. ◆ Volatile
Social contributions in Macao, 1996–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for social contributions in Macao is 479.01 million current LCU, measured in 2024.
Compared with earlier readings it is up 0.7% on the previous year and up 159.3% over ten years.
Over the whole period, social contributions in Macao peaked at 479.60 million current LCU in 2020 and was at its lowest, 41.17 million current LCU, in 1997.
That places Macao 96th out of 112 countries with data for 2024, putting it in the bottom quarter.
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 | 53.83 million current LCU | 41.17 million current LCU | 82.50 million current LCU | 4 |
| 2000s | 123.11 million current LCU | 83.29 million current LCU | 172.16 million current LCU | 10 |
| 2010s | 263.82 million current LCU | 157.16 million current LCU | 475.76 million current LCU | 10 |
| 2020s | 476.44 million current LCU | 470.83 million current LCU | 479.60 million 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 social contributions in Macao?
- Social contributions in Macao was 479.01 million current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Macao?
- The highest recorded value was 479.60 million current LCU in 2020.
- What is the lowest social contributions recorded in Macao?
- The lowest recorded value was 41.17 million current LCU in 1997.
- How does Macao rank for social contributions?
- Macao ranks 96th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Macao?
- Over the last ten years it is up 159.3%. 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 Social contributions (current LCU). Statizoid updates them automatically from the source API.
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About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.