Services, value added (constant 2015 US$), annual growth rate (2015) in Macao
Macao: Services, value added (constant 2015 US$), annual growth rate (2015) was 9.04 % change on previous year in 2024. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Macao, 2009–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for services, value added (constant 2015 us$), annual growth rate in Macao is 9.04 % change on previous year, measured in 2024.
That represents a change of down 88.1% on the previous year and up 356.7% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Macao peaked at 76 % change on previous year in 2023 and was at its lowest, -56.06 % change on previous year, in 2020.
That places Macao 8th out of 195 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate (2015) in Macao, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2009 | 5.29 % change on previous year | — |
| 2010 | 32.39 % change on previous year | +512.3% |
| 2011 | 24.18 % change on previous year | -25.4% |
| 2012 | 9.58 % change on previous year | -60.4% |
| 2013 | 13.51 % change on previous year | +41.1% |
| 2014 | -3.52 % change on previous year | -126.1% |
| 2015 | -22.78 % change on previous year | +546.7% |
| 2016 | 1.15 % change on previous year | -105.0% |
| 2017 | 10.84 % change on previous year | +842.2% |
| 2018 | 6.74 % change on previous year | -37.8% |
| 2019 | -2.92 % change on previous year | -143.4% |
| 2020 | -56.06 % change on previous year | +1817.1% |
| 2021 | 28.75 % change on previous year | -151.3% |
| 2022 | -18.68 % change on previous year | -165.0% |
| 2023 | 76 % change on previous year | -506.9% |
| 2024 | 9.04 % change on previous year | -88.1% |
Macao compared with similar countries
- Macao's 9.04 % change on previous year is above the median for high income countries, which is 2.15 % change on previous year, 4.2× the median. (69 countries reporting)
- Macao's 9.04 % change on previous year is above the median for East Asia & Pacific, which is 3.41 % change on previous year, 2.7× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Services, value added (constant 2015 US$), annual growth rate (2015) in Macao changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -1817.1% | -2.92 % change on previous year | -56.06 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.29 % change on previous year | 5.29 % change on previous year | 5.29 % change on previous year | 1 |
| 2010s | 6.92 % change on previous year | -22.78 % change on previous year | 32.39 % change on previous year | 10 |
| 2020s | 7.81 % change on previous year | -56.06 % change on previous year | 76 % change on previous year | 5 |
Countries ranked near Macao
More economy & growth data for Macao
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.24 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0251 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,806 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.89 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 65.29 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0382 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 2,753 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 4.24 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.5885 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 44,668 includes gold, current US$ per person (2025)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Macao?
- Services, value added (constant 2015 us$), annual growth rate in Macao was 9.04 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Macao?
- The highest recorded value was 76 % change on previous year in 2023.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Macao?
- The lowest recorded value was -56.06 % change on previous year in 2020.
- How does Macao rank for services, value added (constant 2015 us$), annual growth rate?
- Macao ranks 8th out of 195 countries with data for 2024.
- Is services, value added (constant 2015 us$), annual growth rate 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 Statizoid (derived), published as part of Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.