Macao: Government spending, percent of GDP
* indicates monthly or quarterly data series
| Macao |
Government spending as percent of GDP |
|---|---|
| Latest value | 13.68 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1982 - 2023 |
| Average | 10.53 |
| Min - Max | 5.66 - 27.98 |
| Source | The World Bank |
The latest value from 2023 is 13.68 percent, a decline from 27.98 percent in 2022. In comparison, the world average is 16.14 percent, based on data from 130 countries. Historically, the average for Macao from 1982 to 2023 is 10.53 percent. The minimum value, 5.66 percent, was reached in 1983 while the maximum of 27.98 percent was recorded in 2022.
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* indicates monthly or quarterly data series
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The government size of Macao and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 13.68 | 2023 | percent |
| Government spending, in dollars | 6.31 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 2.06 | 2023 | percent |
| Government expenditure | 15.73 | Q4/2024 | billion |
| Tax revenue | 17.07 | 2022 | percent |
| Taxes on goods and services | 55.55 | 2022 | percent |
| Income and profits taxes | 24.93 | 2022 | percent |
| Foreign aid | 0.12 | 2004 | million U.S. dollars |