Macao SAR, China: Services, value added (current US$)

Key figures

What the numbers say

In 2024, Macao SAR, China's services, value added (current US$) rose 9.8% on 2023 (from US$41.46 billion to US$45.52 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +10.1% and a typical year strayed about 22.8% from that (the standard deviation). This year's change was 0.0 standard deviations below 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 82.8% in 2023 and the biggest yearly fall was 56.3% 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 9% 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 6th highest value of the 30 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

• Hong Kong SAR, China — 3rd of 30: US$373.47 billion
• United Arab Emirates — 4th of 30: US$303.23 billion
• Peru — 5th of 30: US$148.41 billion
• Bolivia — 7th of 30: US$29.29 billion
• Trinidad and Tobago — 8th of 30: US$15.17 billion
• Papua New Guinea — 9th of 30: US$12.93 billion

What this measures

Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 34 values

Services, value added (current US$) in nearby economies

• Australia — US$1.21 trillion (2025)
• Brunei Darussalam — US$6.05 billion (2025)
• Cambodia — US$17.93 billion (2025)
• China — US$11.25 trillion (2025)
• Fiji — US$3.53 billion (2025)
• French Polynesia — US$4.23 billion (2020)
• Hong Kong SAR, China — US$373.47 billion (2024)
• Indonesia — US$635.24 billion (2025)
• Japan — US$2.99 trillion (2024)
• Kiribati — US$241.17 million (2024)
• Korea, Rep.

More economic policy & debt data for Macao SAR, China

• Adjusted savings, education expenditure (% of GNI) — 4.4% (2021)
• Adjusted savings, carbon dioxide damage (current US$) — US$119.95 million (2021)
• Adjusted savings, mineral depletion (current US$) — US$0 (2021)
• Foreign direct investment, net inflows (BoP, current US$) — US$1.15 billion (2025)
• Food, beverages and tobacco (% of value added in manufacturing) — 50.99% (2024)
• Other manufacturing (% of value added in manufacturing) — 40.08% (2024)
• Textiles and clothing (% of value added in manufacturing) — 2.88% (2024)
• General government final consumption expenditure (current US$) — US$6.35 billion (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Macao SAR, China's services, value added (current US$)?

US$45.52 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1991?

It is up 1,384% from US$3.07 billion in 1991 (8.52% a year on average, compounded). The highest value was US$51.97 billion in 2018 and the lowest US$3.07 billion in 1991.

How does Macao SAR, China rank?

6th highest of 30 economies with data for 2024.

Is the latest change in services, value added (current US$) unusual for Macao SAR, China?

In 2024, Macao SAR, China's services, value added (current US$) rose 9.8% on 2023 (from US$41.46 billion to US$45.52 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +10.1% and a typical year strayed about 22.8% from that (the standard deviation). This year's change was 0.0 standard deviations below 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 NV.SRV.TOTL.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) 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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