Services, value added (% of GDP) in Macao
Macao: Services, value added (% of GDP) was 92.0% in 2024. ▲ Rising
Services, value added in Macao, 1991–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, services, value added in Macao stood at 92.0%.
That represents a change of up 1.3% on the previous year and down 2.3% over ten years.
Over the whole period, services, value added in Macao peaked at 96.2% in 2013 and was at its lowest, 76.6%, in 1999.
Macao ranks 2nd of 206 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 34 years of available data.
Services, value added (% of GDP) in Macao, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1991 | 81.5% | — |
| 1992 | 82.1% | +0.8% |
| 1993 | 83.3% | +1.5% |
| 1994 | 83.2% | -0.2% |
| 1995 | 83.7% | +0.6% |
| 1996 | 80.7% | -3.6% |
| 1997 | 81.8% | +1.3% |
| 1998 | 78.3% | -4.2% |
| 1999 | 76.6% | -2.1% |
| 2000 | 80.7% | +5.3% |
| 2001 | 81.9% | +1.5% |
| 2002 | 85.0% | +3.7% |
| 2003 | 85.1% | +0.1% |
| 2004 | 82.6% | -2.9% |
| 2005 | 82.4% | -0.2% |
| 2006 | 78.0% | -5.4% |
| 2007 | 82.5% | +5.8% |
| 2008 | 85.0% | +3.0% |
| 2009 | 89.2% | +5.1% |
| 2010 | 94.0% | +5.3% |
| 2011 | 96.1% | +2.3% |
| 2012 | 95.6% | -0.6% |
| 2013 | 96.2% | +0.6% |
| 2014 | 94.2% | -2.0% |
| 2015 | 91.8% | -2.6% |
| 2016 | 92.9% | +1.2% |
| 2017 | 93.5% | +0.7% |
| 2018 | 94.4% | +0.9% |
| 2019 | 93.8% | -0.6% |
| 2020 | 89.1% | -5.0% |
| 2021 | 92.1% | +3.3% |
| 2022 | 91.0% | -1.2% |
| 2023 | 90.9% | -0.1% |
| 2024 | 92.0% | +1.3% |
Macao compared with similar countries
- Macao's 92.0% is above the median for high income countries, which is 66.2%, 1.4× the median. (77 countries reporting)
- Macao's 92.0% is above the median for East Asia & Pacific, which is 60.2%, 1.5× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 81.2% | 76.6% | 83.7% | 9 |
| 2000s | 83.2% | 78.0% | 89.2% | 10 |
| 2010s | 94.2% | 91.8% | 96.2% | 10 |
| 2020s | 91.0% | 89.1% | 92.1% | 5 |
Countries ranked near Macao
- 1 Isle of Man 95.2% compare
- 3 Hong Kong 91.5% compare
- 4 Bermuda 91.3% compare
- 5 Channel Islands 91.2% compare
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 in Macao?
- Services, value added in Macao was 92.0% 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 96.2% in 2013.
- What is the lowest services, value added recorded in Macao?
- The lowest recorded value was 76.6% in 1999.
- How does Macao rank for services, value added?
- Macao ranks 2nd 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 2.3%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.