Macao SAR, China's taxes less subsidies on products (current LCU) was 905 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 98.03% from 457 million in 2014 (7.07% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 905 million | 2024 |
| Five years earlier | 532 million | 2019 |
| Ten years earlier | 457 million | 2014 |
| Highest | 909 million | 2023 |
| Lowest | 101 million | 1993 |
| Average since 2015 | 656.8 million | 2015–2024 |
| First recorded | 114 million |
What the numbers say
In 2024, Macao SAR, China's taxes less subsidies on products (current LCU) fell 0.4% on 2023 (from 909 million to 905 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +8.9% and a typical year strayed about 17% from that (the standard deviation). This year's change was 0.5 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 58.7% in 2011 and the biggest yearly fall was 19.7% in 2008. 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 the straight-line trend is upward, about 56.32 million a year. A straight line explains 86% of the movement over 10 observed years.
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 22nd highest value of the 31 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
- Bahamas, The — 19th of 31: 1.95 billion
- Curaçao — 20th of 31: 971.4 million
- Belize — 21st of 31: 963.64 million
- Cayman Islands — 23rd of 31: 347.01 million
- Bermuda — 24th of 31: 332.49 million
- Turks and Caicos Islands — 25th of 31: 308.51 million
What this measures
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 series is expressed in local currency units.
All 34 values
| Year | Taxes less subsidies on products (current LCU) |
|---|---|
| 2024 | 905,000,000 |
| 2023 | 909,000,000 |
| 2022 | 873,000,000 |
| 2021 | 750,000,000 |
| 2020 | 602,000,000 |
| 2019 | 532,000,000 |
| 2018 | 510,000,000 |
| 2017 | 530,000,000 |
| 2016 | 446,000,000 |
| 2015 | 511,000,000 |
Taxes less subsidies on products (current LCU) in nearby economies
- Australia — 177.87 billion (2025)
- Brunei Darussalam — -279.94 million (2025)
- Cambodia — 11.88 trillion (2025)
- Fiji — 2.15 billion (2025)
- French Polynesia — 79.03 billion (2020)
- Hong Kong SAR, China — 83.34 billion (2024)
- Indonesia — 1,012.64 trillion (2025)
- Japan — 3.66 trillion (2024)
- Kiribati — -10.45 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
Questions people ask
- What is Macao SAR, China's taxes less subsidies on products (current LCU)?
- 905 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1991?
- It is up 693.86% from 114 million in 1991 (6.48% a year on average, compounded). The highest value was 909 million in 2023 and the lowest 101 million in 1993.
- How does Macao SAR, China rank?
- 22nd highest of 31 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (current LCU) unusual for Macao SAR, China?
- In 2024, Macao SAR, China's taxes less subsidies on products (current LCU) fell 0.4% on 2023 (from 909 million to 905 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +8.9% and a typical year strayed about 17% from that (the standard deviation). This year's change was 0.5 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 NY.TAX.NIND.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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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