Service exports — all countries

Service exports — Macao

Service exports in Macao in 2024 — 40,970,961,684 US$. Ranked 40 in the world out of 165. Since 2002, the indicator has risen by 806.6%.

2024 40.97B US$ +11.79% vs 2023
World rank 40of 165
Period maximum 45.24B US$2014
Period minimum 4.52B US$2002

Trend over time

2002–2024 · US$

Service exports — Macao, 2002–2024020B40B60B200220052008201120142017202020232002: 4,519,275,256 US$2003: 5,077,090,826 US$2004: 7,274,370,091 US$2005: 7,786,942,117 US$2006: 9,125,657,618 US$2007: 12,003,448,173 US$2008: 14,710,736,962 US$2009: 15,915,857,487 US$2010: 23,717,368,345 US$2011: 32,228,697,507 US$2012: 37,808,334,911 US$2013: 45,231,910,756 US$2014: 45,237,167,124 US$2015: 33,410,610,661 US$2016: 32,990,403,017 US$2017: 38,816,855,706 US$2018: 43,662,503,139 US$2019: 43,621,185,660 US$2020: 11,348,368,388 US$2021: 18,670,439,542 US$2022: 13,263,627,575 US$2023: 36,649,777,121 US$2024: 40,970,961,684 US$
Change over the period: +36.45B (+806.58%) Average annual rate: 10.54 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Macao

Macao 40.97B US$
World 8.85T US$
Eastern Asia computed 870B US$
High-income countries computed 7.04T US$
Service exports — Macao, by year Macao All countries CSV XLSX
Year US$ Change Change, %
2024 40.97B +4.32B +11.79%
2023 36.65B +23.39B +176.32%
2022 13.26B −5.41B −28.96%
2021 18.67B +7.32B +64.52%
2020 11.35B −32.27B −73.98%
2019 43.62B −41.32M −0.09%
2018 43.66B +4.85B +12.48%
2017 38.82B +5.83B +17.66%
2016 32.99B −420M −1.26%
2015 33.41B −11.83B −26.14%
2014 45.24B +5.26M +0.01%
2013 45.23B +7.42B +19.63%
2012 37.81B +5.58B +17.31%
2011 32.23B +8.51B +35.89%
2010 23.72B +7.8B +49.02%
2009 15.92B +1.21B +8.19%
2008 14.71B +2.71B +22.55%
2007 12B +2.88B +31.54%
2006 9.13B +1.34B +17.19%
2005 7.79B +513M +7.05%
2004 7.27B +2.2B +43.28%
2003 5.08B +558M +12.34%
2002 4.52B

Eastern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

Source: World Development Indicators (World Bank), license CC BY 4.0.