Macao: Tax revenue
* indicates monthly or quarterly data series
| Macao |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 19.31 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1996 - 2021 |
| Average | 24.65 |
| Min - Max | 13.10 - 37.42 |
| Source | The World Bank |
The latest value from 2021 is 19.31 percent, a decline from 21.83 percent in 2020. In comparison, the world average is 17.48 percent, based on data from 105 countries. Historically, the average for Macao from 1996 to 2021 is 24.65 percent. The minimum value, 13.1 percent, was reached in 1996 while the maximum of 37.42 percent was recorded in 2011.
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Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 28.48 | 2022 | percent |
| Government spending, in dollars | 6.44 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 2.06 | 2023 | percent |
| Government expenditure | 11.39 | Q3/2023 | billion |
| Tax revenue | 19.31 | 2021 | percent |
| Taxes on goods and services | 63.13 | 2021 | percent |
| Income and profits taxes | 12.58 | 2021 | percent |
| Foreign aid | 0.12 | 2004 | million U.S. dollars |