Taxes on goods and services as a share of revenue rose 34.2% to 71.7% in Macao in 2023, according to the National Statistical Office.
Historically, taxes on goods and services as a share of revenue in Macao reached an all time high of 91.3% in 2013 and an all time low of 53.4% in 2022.
Macao has been ranked 1st within the group of 83 countries we follow in terms of taxes on goods and services as a share of revenue.
Taxes on Goods and Services (As % of Revenue) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
China | % | ... | ... | 35.9% | 32.6% | 31.9% | 34.4% | 31.2% | ||||||||||||||
Hong Kong | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||||
India | % | 37.3% | 40.9% | ... | ... | ... | ... | |||||||||||||||
Indonesia | % | 38.1% | 35.9% | 35.9% | 38.1% | ... | ... | ... | ||||||||||||||
Japan | % | 36.1% | 35.3% | ... | ... | ... | ... | ... | ||||||||||||||
Macao | % | 83.4% | 86.9% | 82.8% | 60.3% | 63.1% | ||||||||||||||||
Malaysia | % | 28.7% | 19.5% | 18.2% | 19.7% | 19.3% | ||||||||||||||||
Philippines | % | 27.0% | 27.3% | 27.4% | 27.2% | 28.3% | ||||||||||||||||
Russia | % | 22.3% | 21.7% | 22.2% | 23.7% | 25.3% | ||||||||||||||||
Singapore | % | 19.8% | 21.1% | 18.1% | 20.4% | 20.8% | ||||||||||||||||
Taiwan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Thailand | % | 45.5% | 44.8% | 42.9% | 43.4% | 45.1% | ||||||||||||||||
USA | % | 2.47% | 3.05% | 2.61% | 2.29% | 2.05% | ||||||||||||||||
Vietnam | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |