Services, value added in Macao
Macao: Services, value added was 364.51 billion constant LCU in 2024. ▼ Falling
Services, value added in Macao, 2008–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Macao recorded 364.51 billion constant LCU for services, value added in 2024.
That represents a change of 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 477.06 billion constant LCU in 2013 and was at its lowest, 181.41 billion constant LCU, in 2020.
Macao ranks 98th of 198 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 227.44 billion constant LCU | 221.58 billion constant LCU | 233.30 billion constant LCU | 2 |
| 2010s | 400.15 billion constant LCU | 308.87 billion constant LCU | 477.06 billion constant LCU | 10 |
| 2020s | 260.74 billion constant LCU | 181.41 billion constant LCU | 364.51 billion constant LCU | 5 |
Countries ranked near Macao
More economy & growth data for Macao
- External balance on goods and services as a percent of GDP 45.4% (2025)
- Inflation of consumer prices 0.3% (2025)
- GDP per capita 66,444 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 0.6% (2024)
- Gross domestic product (GDP) 45.57 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 66,444 constant 2015 US$ (2025)
- DEC alternative conversion factor 8.03 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -29.31 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -3.65 billion current US$ (2024)
- Taxes less subsidies on products 905.00 million current LCU (2024)
Frequently asked questions
- What is services, value added in Macao?
- Services, value added in Macao was 364.51 billion constant LCU 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 477.06 billion constant LCU in 2013.
- What is the lowest services, value added recorded in Macao?
- The lowest recorded value was 181.41 billion constant LCU in 2020.
- How does Macao rank for services, value added?
- Macao ranks 98th out of 198 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 LCU). 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 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.