Macao: Taxes on goods and services
* indicates monthly or quarterly data series
| Macao |
Taxes on goods and services, percent of total revenue |
|---|---|
| Latest value | 55.55 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1996 - 2022 |
| Average | 78.87 |
| Min - Max | 55.55 - 91.67 |
| Source | The World Bank |
The latest value from 2022 is 55.55 percent, a decline from 70.38 percent in 2021. In comparison, the world average is 37.61 percent, based on data from 95 countries. Historically, the average for Macao from 1996 to 2022 is 78.87 percent. The minimum value, 55.55 percent, was reached in 2022 while the maximum of 91.67 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 | 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 |