Macao: Share of services

* indicates monthly or quarterly data series

Value added in the services sector as percent of GDP

 Latest value 94.18
 Year 2021
 Measure percent
 Data availability 1991 - 2021
 Average 86.73
 Min - Max 76.64 - 96.2
 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 86.73 percent with a minimum of 76.64 percent in 1999 and a maximum of 96.2 percent in 2013. The latest value from 2021 is 94.18 percent. For comparison, the world average in 2021 based on 175 countries is 55.34 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 services - recent values

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

The importance of services in the economy of Macao and other countries is measured as the value added of services as percent of GDP. The services sector includes wholesale and retail trade, transport, financial services, education, health care, and real estate.
Definition: Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.

 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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