Expense in Macao
Macao: Expense was 19.6% in 2023. ◆ Volatile
Expense in Macao, 1996–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, expense in Macao stood at 19.6%.
That represents a change of down 60.2% on the previous year and up 87.1% over ten years.
Over the whole period, expense in Macao peaked at 49.2% in 2022 and was at its lowest, 10.1%, in 2007.
Macao ranks 111th of 157 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.
Expense in Macao, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1996 | 12.5% | — |
| 1997 | 13.4% | +7.3% |
| 1998 | 15.0% | +12.4% |
| 1999 | 18.7% | +24.4% |
| 2000 | 15.0% | -19.6% |
| 2001 | 15.3% | +1.8% |
| 2002 | 14.9% | -2.4% |
| 2003 | 14.6% | -2.3% |
| 2004 | 11.9% | -18.7% |
| 2005 | 11.6% | -2.5% |
| 2006 | 10.9% | -6.0% |
| 2007 | 10.1% | -7.3% |
| 2008 | 13.7% | +35.8% |
| 2009 | 17.1% | +24.6% |
| 2010 | 14.7% | -13.8% |
| 2011 | 12.0% | -18.4% |
| 2012 | 10.9% | -9.1% |
| 2013 | 10.5% | -4.0% |
| 2014 | 11.4% | +8.6% |
| 2015 | 15.4% | +35.6% |
| 2016 | 16.3% | +6.1% |
| 2017 | 15.2% | -6.9% |
| 2018 | 14.6% | -4.0% |
| 2019 | 15.8% | +8.5% |
| 2020 | 43.2% | +172.6% |
| 2021 | 31.8% | -26.5% |
| 2022 | 49.2% | +54.8% |
| 2023 | 19.6% | -60.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.9% | 12.5% | 18.7% | 4 |
| 2000s | 13.5% | 10.1% | 17.1% | 10 |
| 2010s | 13.7% | 10.5% | 16.3% | 10 |
| 2020s | 35.9% | 19.6% | 49.2% | 4 |
Countries ranked near Macao
More economy & growth data for Macao
- GNI (current US$), per capita 71,145 current US$ per person (2024)
- Taxes less subsidies on products (current US$), annual growth rate -0.1109 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 56.57 % change on previous year (2024)
- Net primary income (Net income from abroad) (current US$), annual 56.43 % change on previous year (2024)
- GNI (current LCU), per capita 571,780 current LCU per person (2024)
- GNI (current LCU), per unit of GDP 7.94 current LCU per US$ of GDP (2024)
- GNI (current LCU), annual growth rate 10.04 % change on previous year (2024)
- GNI, Atlas method (current US$), per capita 69,918 current US$ per person (2024)
- GNI, Atlas method (current US$), annual growth rate 9.23 % change on previous year (2024)
- GNI, Atlas method (current US$), per unit of GDP 0.971 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is expense in Macao?
- Expense in Macao was 19.6% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Macao?
- The highest recorded value was 49.2% in 2022.
- What is the lowest expense recorded in Macao?
- The lowest recorded value was 10.1% in 2007.
- How does Macao rank for expense?
- Macao ranks 111th out of 157 countries with data for 2023.
- Is expense rising or falling in Macao?
- Over the last ten years it is up 87.1%. 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 Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.