Macao: Taxes on goods and services
* indicates monthly or quarterly data series
| Macao |
Taxes on goods and services, percent of total revenue |
|---|---|
| Latest value | 71.69 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1996 - 2023 |
| Average | 77.20 |
| Min - Max | 53.44 - 91.29 |
| Source | The World Bank |
The latest value from 2023 is 71.69 percent, an increase from 53.44 percent in 2022. In comparison, the world average is 32.78 percent, based on data from 88 countries. Historically, the average for Macao from 1996 to 2023 is 77.2 percent. The minimum value, 53.44 percent, was reached in 2022 while the maximum of 91.29 percent was recorded in 2013.
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Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 12.45 | 2024 | percent |
| Government spending, in dollars | 6.35 | 2025 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 6.91 | 2024 | percent |
| Primary budget balance | -37.04 | 2022 | percent |
| Government expenditure | 10.18 | Q1/2026 | billion |
| Tax revenue | 27.42 | 2024 | percent |
| Taxes on goods and services | 71.69 | 2023 | percent |
| Income and profits taxes | 10.28 | 2023 | percent |
| Foreign aid | 0.32 | 1999 | million U.S. dollars |