Macao: Share of industry

* indicates monthly or quarterly data series

Value added by industry as percent of GDP

 Latest value 7.9
 Year 2021
 Measure percent
 Data availability 1991 - 2021
 Average 9.64
 Min - Max 3.72 - 18.68
 Source The World Bank
For that indicator, we provide data for Macao from 1991 to 2021. The average value for Macao during that period was 9.64 percent with a minimum of 3.72 percent in 2013 and a maximum of 18.68 percent in 1991. The latest value from 2021 is 7.9 percent. For comparison, the world average in 2021 based on 175 countries is 26.08 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Macao - Share of industry - recent values

Historical chart
Macao - Share of industry - historical chart - 1991-2021

The importance of industry in the economy of Macao and other countries is measured as the value added of the industrial sector as percent of GDP. Industry includes mining, manufacturing, construction, electricity, water, and gas.
Definition: Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.

 Related indicators Latest value Reference Measure
 Share of industry 7.90 2021 percent
 Share of manufacturing 0.85 2021 percent
 Share of services 94.18 2021 percent
 Industry value added 2.31 2022 billion U.S. dollars
 Manufacturing value added 0.23 2022 billion U.S. dollars
 Services value added 22.05 2022 billion U.S. dollars
 Savings, percent of GDP 35.48 2022 percent
 Savings, in dollars 8.53 2022 billion U.S. dollars
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