Taxes less subsidies on products (constant LCU), annual growth rate in Macao
Macao: Taxes less subsidies on products (constant LCU), annual growth rate was -1.76 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (constant LCU), annual growth rate in Macao, 2015–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes less subsidies on products (constant lcu), annual growth rate in Macao is -1.76 % change on previous year, measured in 2024.
The figure is down 153.4% on the previous year and down 120.9% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), annual growth rate in Macao peaked at 24.71 % change on previous year in 2021 and was at its lowest, -14.08 % change on previous year, in 2016.
That places Macao 170th out of 188 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), annual growth rate in Macao, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2015 | 8.41 % change on previous year | — |
| 2016 | -14.08 % change on previous year | -267.3% |
| 2017 | 17.23 % change on previous year | -222.4% |
| 2018 | -5.91 % change on previous year | -134.3% |
| 2019 | 2.86 % change on previous year | -148.3% |
| 2020 | 12.41 % change on previous year | +334.3% |
| 2021 | 24.71 % change on previous year | +99.2% |
| 2022 | 16.25 % change on previous year | -34.2% |
| 2023 | 3.3 % change on previous year | -79.7% |
| 2024 | -1.76 % change on previous year | -153.4% |
Macao compared with similar countries
- Macao's -1.76 % change on previous year is below the median for high income countries, which is 2.19 % change on previous year. (66 countries reporting)
- Macao's -1.76 % change on previous year is below the median for East Asia & Pacific, which is 3.54 % change on previous year. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.7 % change on previous year | -14.08 % change on previous year | 17.23 % change on previous year | 5 |
| 2020s | 10.98 % change on previous year | -1.76 % change on previous year | 24.71 % change on previous year | 5 |
Countries ranked near Macao
- 167 Papua New Guinea -0.7282 % change on previous year compare
- 168 South Korea -1.12 % change on previous year compare
- 169 Kuwait -1.68 % change on previous year compare
- 171 New Zealand -2.2 % change on previous year compare
- 172 Saint Lucia -2.69 % change on previous year compare
- 173 Sudan -2.77 % change on previous year
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 taxes less subsidies on products (constant lcu), annual growth rate in Macao?
- Taxes less subsidies on products (constant lcu), annual growth rate in Macao was -1.76 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), annual growth rate recorded in Macao?
- The highest recorded value was 24.71 % change on previous year in 2021.
- What is the lowest taxes less subsidies on products (constant lcu), annual growth rate recorded in Macao?
- The lowest recorded value was -14.08 % change on previous year in 2016.
- How does Macao rank for taxes less subsidies on products (constant lcu), annual growth rate?
- Macao ranks 170th out of 188 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), annual growth rate rising or falling in Macao?
- Over the last ten years it is down 120.9%. The long-run trend across the full record is volatile.
- Where does this Macao data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 10 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.