Taxes less subsidies on products (current US$) in Macao
Macao: Taxes less subsidies on products (current US$) was 112.61 million current US$ in 2024. ◆ Volatile
Latest (2024)
112.61 million current US$
Change on year
down 0.1%
World rank
178th
of 199 countries
All-time high
112.73 million current US$
in 2023
All-time low
12.68 million current US$
in 1993
Years of data
34
1991–2024
Taxes less subsidies on products in Macao, 1991–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2024, taxes less subsidies on products in Macao stood at 112.61 million current US$.
That represents a change of down 0.1% on the previous year and up 96.8% over ten years.
Over the whole period, taxes less subsidies on products in Macao peaked at 112.73 million current US$ in 2023 and was at its lowest, 12.68 million current US$, in 1993.
That places Macao 178th out of 199 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in Macao, year by year
| Year | current US$ | Change |
|---|---|---|
| 1991 | 14.24 million current US$ | — |
| 1992 | 14.55 million current US$ | +2.2% |
| 1993 | 12.68 million current US$ | -12.9% |
| 1994 | 16.33 million current US$ | +28.8% |
| 1995 | 18.45 million current US$ | +13.0% |
| 1996 | 22.22 million current US$ | +20.4% |
| 1997 | 21.69 million current US$ | -2.4% |
| 1998 | 18.17 million current US$ | -16.2% |
| 1999 | 20.52 million current US$ | +12.9% |
| 2000 | 23.30 million current US$ | +13.5% |
| 2001 | 29.75 million current US$ | +27.7% |
| 2002 | 28.13 million current US$ | -5.4% |
| 2003 | 27.93 million current US$ | -0.7% |
| 2004 | 31.91 million current US$ | +14.3% |
| 2005 | 34.33 million current US$ | +7.6% |
| 2006 | 33.37 million current US$ | -2.8% |
| 2007 | 39.70 million current US$ | +19.0% |
| 2008 | 31.92 million current US$ | -19.6% |
| 2009 | 27.05 million current US$ | -15.2% |
| 2010 | 32.37 million current US$ | +19.6% |
| 2011 | 51.26 million current US$ | +58.4% |
| 2012 | 66.71 million current US$ | +30.1% |
| 2013 | 58.33 million current US$ | -12.6% |
| 2014 | 57.22 million current US$ | -1.9% |
| 2015 | 64.00 million current US$ | +11.8% |
| 2016 | 55.78 million current US$ | -12.8% |
| 2017 | 66.04 million current US$ | +18.4% |
| 2018 | 63.18 million current US$ | -4.3% |
| 2019 | 65.92 million current US$ | +4.3% |
| 2020 | 75.35 million current US$ | +14.3% |
| 2021 | 93.69 million current US$ | +24.3% |
| 2022 | 108.24 million current US$ | +15.5% |
| 2023 | 112.73 million current US$ | +4.1% |
| 2024 | 112.61 million current US$ | -0.1% |
Macao compared with similar countries
- Macao's 112.61 million current US$ is below the median for high income countries, which is 9.71 billion current US$, 1% of the median. (74 countries reporting)
- Macao's 112.61 million current US$ is below the median for East Asia & Pacific, which is 956.37 million current US$, 12% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.65 million current US$ | 12.68 million current US$ | 22.22 million current US$ | 9 |
| 2000s | 30.74 million current US$ | 23.30 million current US$ | 39.70 million current US$ | 10 |
| 2010s | 58.08 million current US$ | 32.37 million current US$ | 66.71 million current US$ | 10 |
| 2020s | 100.52 million current US$ | 75.35 million current US$ | 112.73 million current US$ | 5 |
Countries ranked near Macao
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 taxes less subsidies on products in Macao?
- Taxes less subsidies on products in Macao was 112.61 million current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Macao?
- The highest recorded value was 112.73 million current US$ in 2023.
- What is the lowest taxes less subsidies on products recorded in Macao?
- The lowest recorded value was 12.68 million current US$ in 1993.
- How does Macao rank for taxes less subsidies on products?
- Macao ranks 178th out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Macao?
- Over the last ten years it is up 96.8%. 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 Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.