Services, value added in Macao
Macao: Services, value added was 42.32 billion constant 2015 US$ in 2024. ▼ Falling
Services, value added in Macao, 2008–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Macao is 42.32 billion constant 2015 US$, measured in 2024.
The figure is up 9.0% on the previous year and down 20.8% over ten years.
Over the whole period, services, value added in Macao peaked at 55.39 billion constant 2015 US$ in 2013 and was at its lowest, 21.06 billion constant 2015 US$, in 2020.
Macao ranks 74th of 196 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Services, value added in Macao, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2008 | 25.73 billion constant 2015 US$ | — |
| 2009 | 27.09 billion constant 2015 US$ | +5.3% |
| 2010 | 35.86 billion constant 2015 US$ | +32.4% |
| 2011 | 44.54 billion constant 2015 US$ | +24.2% |
| 2012 | 48.80 billion constant 2015 US$ | +9.6% |
| 2013 | 55.39 billion constant 2015 US$ | +13.5% |
| 2014 | 53.44 billion constant 2015 US$ | -3.5% |
| 2015 | 41.27 billion constant 2015 US$ | -22.8% |
| 2016 | 41.74 billion constant 2015 US$ | +1.2% |
| 2017 | 46.26 billion constant 2015 US$ | +10.8% |
| 2018 | 49.38 billion constant 2015 US$ | +6.7% |
| 2019 | 47.94 billion constant 2015 US$ | -2.9% |
| 2020 | 21.06 billion constant 2015 US$ | -56.1% |
| 2021 | 27.12 billion constant 2015 US$ | +28.7% |
| 2022 | 22.05 billion constant 2015 US$ | -18.7% |
| 2023 | 38.81 billion constant 2015 US$ | +76.0% |
| 2024 | 42.32 billion constant 2015 US$ | +9.0% |
Macao compared with similar countries
- Macao's 42.32 billion constant 2015 US$ is below the median for high income countries, which is 67.86 billion constant 2015 US$, 62% of the median. (69 countries reporting)
- Macao's 42.32 billion constant 2015 US$ is above the median for East Asia & Pacific, which is 14.44 billion constant 2015 US$, 2.9× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.41 billion constant 2015 US$ | 25.73 billion constant 2015 US$ | 27.09 billion constant 2015 US$ | 2 |
| 2010s | 46.46 billion constant 2015 US$ | 35.86 billion constant 2015 US$ | 55.39 billion constant 2015 US$ | 10 |
| 2020s | 30.27 billion constant 2015 US$ | 21.06 billion constant 2015 US$ | 42.32 billion constant 2015 US$ | 5 |
Countries ranked near Macao
- 71 Oman 48.28 billion constant 2015 US$ compare
- 72 Ukraine 47.31 billion constant 2015 US$ compare
- 73 Bulgaria 43.88 billion constant 2015 US$ compare
- 75 Croatia 42.28 billion constant 2015 US$ compare
- 76 Cote d'Ivoire 41.74 billion constant 2015 US$ compare
- 77 Uruguay 39.23 billion constant 2015 US$ compare
More economy & growth data for Macao
- Households and NPISHs Final consumption expenditure (current LCU) 1.63 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 0.9796 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 74,350 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 3.02 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.0988 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 7,499 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1.72 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.3012 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 22,860 current US$ per person (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.4232 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Macao?
- Services, value added in Macao was 42.32 billion constant 2015 US$ 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 55.39 billion constant 2015 US$ in 2013.
- What is the lowest services, value added recorded in Macao?
- The lowest recorded value was 21.06 billion constant 2015 US$ in 2020.
- How does Macao rank for services, value added?
- Macao ranks 74th out of 196 countries with data for 2024.
- Is services, value added rising or falling in Macao?
- Over the last ten years it is down 20.8%. The long-run trend across the full record is falling.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.