Services, value added in Macao
Macao: Services, value added was 45.52 billion current US$ in 2024. ◆ Volatile
Services, value added in Macao, 1991–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Macao recorded 45.52 billion current US$ for services, value added in 2024.
That represents a change of up 9.8% on the previous year and down 12.1% over ten years.
Over the whole period, services, value added in Macao peaked at 51.97 billion current US$ in 2018 and was at its lowest, 3.07 billion current US$, in 1991.
That places Macao 84th out of 206 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Macao, year by year
| Year | current US$ | Change |
|---|---|---|
| 1991 | 3.07 billion current US$ | — |
| 1992 | 4.04 billion current US$ | +31.6% |
| 1993 | 4.72 billion current US$ | +17.0% |
| 1994 | 5.25 billion current US$ | +11.2% |
| 1995 | 5.90 billion current US$ | +12.3% |
| 1996 | 5.79 billion current US$ | -1.8% |
| 1997 | 5.94 billion current US$ | +2.6% |
| 1998 | 5.32 billion current US$ | -10.4% |
| 1999 | 5.02 billion current US$ | -5.7% |
| 2000 | 5.47 billion current US$ | +8.9% |
| 2001 | 5.62 billion current US$ | +2.8% |
| 2002 | 6.26 billion current US$ | +11.4% |
| 2003 | 7.01 billion current US$ | +12.0% |
| 2004 | 8.79 billion current US$ | +25.4% |
| 2005 | 10.02 billion current US$ | +14.0% |
| 2006 | 11.59 billion current US$ | +15.7% |
| 2007 | 15.21 billion current US$ | +31.2% |
| 2008 | 17.86 billion current US$ | +17.5% |
| 2009 | 19.27 billion current US$ | +7.9% |
| 2010 | 26.54 billion current US$ | +37.7% |
| 2011 | 35.41 billion current US$ | +33.4% |
| 2012 | 41.28 billion current US$ | +16.6% |
| 2013 | 49.58 billion current US$ | +20.1% |
| 2014 | 51.77 billion current US$ | +4.4% |
| 2015 | 41.27 billion current US$ | -20.3% |
| 2016 | 41.77 billion current US$ | +1.2% |
| 2017 | 47.05 billion current US$ | +12.6% |
| 2018 | 51.97 billion current US$ | +10.5% |
| 2019 | 51.62 billion current US$ | -0.7% |
| 2020 | 22.53 billion current US$ | -56.3% |
| 2021 | 28.21 billion current US$ | +25.2% |
| 2022 | 22.68 billion current US$ | -19.6% |
| 2023 | 41.46 billion current US$ | +82.8% |
| 2024 | 45.52 billion current US$ | +9.8% |
Macao compared with similar countries
- Macao's 45.52 billion current US$ is below the median for high income countries, which is 71.23 billion current US$, 64% of the median. (77 countries reporting)
- Macao's 45.52 billion current US$ is above the median for East Asia & Pacific, which is 12.93 billion current US$, 3.5× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.00 billion current US$ | 3.07 billion current US$ | 5.94 billion current US$ | 9 |
| 2000s | 10.71 billion current US$ | 5.47 billion current US$ | 19.27 billion current US$ | 10 |
| 2010s | 43.82 billion current US$ | 26.54 billion current US$ | 51.97 billion current US$ | 10 |
| 2020s | 32.08 billion current US$ | 22.53 billion current US$ | 45.52 billion current US$ | 5 |
Countries ranked near Macao
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 45.52 billion current 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 51.97 billion current US$ in 2018.
- What is the lowest services, value added recorded in Macao?
- The lowest recorded value was 3.07 billion current US$ in 1991.
- How does Macao rank for services, value added?
- Macao ranks 84th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Macao?
- Over the last ten years it is down 12.1%. The long-run trend across the full record is volatile.
- 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 (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.