Total factor productivity in Macao
Macao: Total factor productivity was 1.37 in 2023. ▼ Falling
Total factor productivity in Macao, 1980–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by 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.
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
- External balance on goods and services as a percent of GDP 45.4% (2025)
- Inflation of consumer prices 0.3% (2025)
- GDP per capita 66,444 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 0.6% (2024)
- Gross domestic product (GDP) 45.57 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 66,444 constant 2015 US$ (2025)
- DEC alternative conversion factor 8.03 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -29.31 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -3.65 billion current US$ (2024)
- Taxes less subsidies on products 905.00 million current LCU (2024)
Frequently asked questions
- What is total factor productivity in Macao?
- Total factor productivity in Macao was 1.37 in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by 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 Feenstra et al. - Penn World Table (2025) – with major processing by 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).
About this data
This is the level of total factor productivity, relative to each country's value in 2021 (which is set to 1). This data is adjusted for inflation and differences in living costs between countries.