Services, value added (current US$) in Macao
Macao: Services, value added (current US$) 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$, in 1991.
That places Macao 84th out of 206 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$) 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
- Real gdp growth, annual growth rate -40.5 % change on previous year (2025)
- 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)
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.