Macao SAR, China: Other taxes (current LCU)

Key figures

What the numbers say

In 2024, Macao SAR, China's other taxes (current LCU) rose 11.2% on 2023 (from 1.65 billion to 1.84 billion).

Across the 27 yearly changes before that (1997 to 2023), the average change was +6.3% and a typical year strayed about 14.1% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 42.7% in 2021 and the biggest yearly fall was 22.4% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Macao SAR, China had the 48th highest value of the 82 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Macao SAR, China in the 2024 ranking

• Mauritius — 45th of 82: 3 billion
• Portugal — 46th of 82: 2.64 billion
• Ireland — 47th of 82: 2.61 billion
• Malawi — 49th of 82: 1.47 billion
• Belgium — 50th of 82: 1.44 billion
• Czechia — 51st of 82: 1.32 billion

What this measures

Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 29 values

Other taxes (current LCU) in nearby economies

• Australia — 1.06 billion (2022)
• Cambodia — 15.97 billion (2019)
• China — 6.07 billion (2024)
• Korea, Rep. — 31.91 trillion (2024)
• Lao PDR — 186.46 billion (2022)
• Malaysia — 7.33 billion (2024)
• Marshall Islands — 1.29 million (2020)
• Micronesia, Fed. Sts. — 267,719 (2020)
• Mongolia — 260.81 billion (2024)
• New Zealand — 12.05 million (2024)
• Palau — 1.74 million (2020)

More public sector data for Macao SAR, China

• Intentional homicides (per 100,000 people) — 0.56 (2023)
• Net investment in nonfinancial assets (current LCU) — 18.9 billion (2024)
• Net investment in nonfinancial assets (% of GDP) — 4.75% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — 27.87 billion (2024)
• Net lending (+) / net borrowing (-) (% of GDP) — 7.01% (2024)
• Grants and other revenue (current LCU) — 16.91 billion (2024)
• Grants and other revenue (% of revenue) — 13.38% (2024)
• Social contributions (current LCU) — 479.01 million (2024)
• Social contributions (% of revenue)

Reading data like this

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Questions people ask

What is Macao SAR, China's other taxes (current LCU)?

1.84 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is up 357.88% from 401.49 million in 1996 (5.58% a year on average, compounded). The highest value was 1.85 billion in 2018 and the lowest 401.49 million in 1996.

How does Macao SAR, China rank?

48th highest of 82 economies with data for 2024.

Is the latest change in other taxes (current LCU) unusual for Macao SAR, China?

In 2024, Macao SAR, China's other taxes (current LCU) rose 11.2% on 2023 (from 1.65 billion to 1.84 billion). Across the 27 yearly changes before that (1997 to 2023), the average change was +6.3% and a typical year strayed about 14.1% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.TAX.OTHR.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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