Total factor productivity in Macao
Macao: Total factor productivity was 1.37 in 2023. ▼ Falling
Total factor productivity in Macao, 1980–2023
Source: Our World in Data.
Analysis
The most recent figure for total factor productivity in Macao is 1.37, measured in 2023.
Compared with earlier readings it is up 71.2% on the previous year and down 53.0% over ten years.
Over the whole period, total factor productivity in Macao peaked at 2.91 in 2013 and was at its lowest, 0.7977, in 2022.
That places Macao 2nd out of 120 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently falling across the 44 years of available data.
Total factor productivity in Macao, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 2.09 | — |
| 1981 | 2.12 | +1.4% |
| 1982 | 2.11 | -0.7% |
| 1983 | 2.16 | +2.6% |
| 1984 | 2.2 | +1.5% |
| 1985 | 2.07 | -5.5% |
| 1986 | 2.06 | -0.6% |
| 1987 | 2.19 | +6.2% |
| 1988 | 2.19 | -0.1% |
| 1989 | 2.14 | -2.4% |
| 1990 | 2.17 | +1.7% |
| 1991 | 2.06 | -5.0% |
| 1992 | 2.14 | +3.6% |
| 1993 | 2.05 | -3.8% |
| 1994 | 1.98 | -3.6% |
| 1995 | 1.91 | -3.8% |
| 1996 | 1.79 | -6.1% |
| 1997 | 1.72 | -3.9% |
| 1998 | 1.6 | -7.0% |
| 1999 | 1.53 | -4.6% |
| 2000 | 1.6 | +5.1% |
| 2001 | 1.61 | +0.6% |
| 2002 | 1.75 | +8.2% |
| 2003 | 1.9 | +8.8% |
| 2004 | 2.24 | +18.0% |
| 2005 | 2.18 | -3.0% |
| 2006 | 2.14 | -1.8% |
| 2007 | 2.11 | -1.3% |
| 2008 | 1.97 | -6.6% |
| 2009 | 1.94 | -1.6% |
| 2010 | 2.35 | +21.2% |
| 2011 | 2.73 | +15.9% |
| 2012 | 2.8 | +2.8% |
| 2013 | 2.91 | +3.8% |
| 2014 | 2.6 | -10.7% |
| 2015 | 1.89 | -27.1% |
| 2016 | 1.8 | -4.7% |
| 2017 | 1.91 | +6.1% |
| 2018 | 1.95 | +1.9% |
| 2019 | 1.85 | -4.9% |
| 2020 | 0.8305 | -55.2% |
| 2021 | 1 | +20.4% |
| 2022 | 0.7977 | -20.2% |
| 2023 | 1.37 | +71.2% |
Macao compared with similar countries
- Macao's 1.37 is above the median for high income countries, which is 0.994, 1.4× the median. (52 countries reporting)
- Macao's 1.37 is above the median for East Asia & Pacific, which is 0.9955, 1.4× the median. (15 countries reporting)
Biggest year-on-year movements
Years where Total factor productivity in Macao changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +71.2% | 0.7977 | 1.37 |
| 2020 | -55.2% | 1.85 | 0.8305 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.13 | 2.06 | 2.2 | 10 |
| 1990s | 1.9 | 1.53 | 2.17 | 10 |
| 2000s | 1.94 | 1.6 | 2.24 | 10 |
| 2010s | 2.28 | 1.8 | 2.91 | 10 |
| 2020s | 0.9985 | 0.7977 | 1.37 | 4 |
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 total factor productivity in Macao?
- Total factor productivity in Macao was 1.37 in 2023, according to Our World in Data.
- What is the highest total factor productivity recorded in Macao?
- The highest recorded value was 2.91 in 2013.
- What is the lowest total factor productivity recorded in Macao?
- The lowest recorded value was 0.7977 in 2022.
- How does Macao rank for total factor productivity?
- Macao ranks 2nd out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Macao?
- Over the last ten years it is down 53.0%. The long-run trend across the full record is falling.
- Where does this Macao data come from?
- The figures come from Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (Our World in Data).