Labor share of gdp in Macao
Macao: Labor share of gdp was 34.2 in 2020. ▲ Rising
Latest (2020)
34.2
Change on year
up 10.0%
World rank
169th
of 187 countries
All-time high
34.2
in 2020
All-time low
21.1
in 2013
Years of data
17
2004–2020
Labor share of gdp in Macao, 2004–2020
Source: Our World in Data.
Analysis
In 2020, labor share of gdp in Macao stood at 34.2. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 10.0% on the previous year and up 38.5% over ten years.
Over the whole period, labor share of gdp in Macao peaked at 34.2 in 2020 and was at its lowest, 21.1, in 2013.
Macao ranks 169th of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Labor share of gdp in Macao, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 27.9 | — |
| 2005 | 29.9 | +7.2% |
| 2006 | 31.3 | +4.7% |
| 2007 | 32.8 | +4.8% |
| 2008 | 32.2 | -1.8% |
| 2009 | 30.6 | -5.0% |
| 2010 | 24.7 | -19.3% |
| 2011 | 22 | -10.9% |
| 2012 | 22.1 | +0.5% |
| 2013 | 21.1 | -4.5% |
| 2014 | 23.4 | +10.9% |
| 2015 | 31.6 | +35.0% |
| 2016 | 32.6 | +3.2% |
| 2017 | 30.6 | -6.1% |
| 2018 | 30.7 | +0.3% |
| 2019 | 31.1 | +1.3% |
| 2020 | 34.2 | +10.0% |
Macao compared with similar countries
- Macao's 34.2 is below the median for high income countries, which is 54.5, 63% of the median. (62 countries reporting)
- Macao's 34.2 is below the median for East Asia & Pacific, which is 46.5, 74% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.78 | 27.9 | 32.8 | 6 |
| 2010s | 26.99 | 21.1 | 32.6 | 10 |
| 2020s | 34.2 | 34.2 | 34.2 | 1 |
Countries ranked near Macao
- 167 Turkey 35.5 compare
- 168 Mauritania 35.4 compare
- 170 Papua New Guinea 34.1 compare
- 171 Kenya 33.9 compare
- 172 Central African Republic 33.6 compare
More work & labour data for Macao
- Persons outside the labour force (ILO modelled estimates) 208.94 (2027)
- Labour force participation rate (ILO modelled estimates) 66.82 (2027)
- Labour force (ILO modelled estimates) 420.81 (2027)
- Unemployment rate (ILO modelled estimates) 2.74 (2027)
- Labour dependency ratio 0.769 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 206,074 (2027)
- Output per worker, GDP constant 2015 US $ 117,019 (2027)
- Employment-to-population ratio (ILO modelled estimates) 64.99 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 2.38 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -0.2761 % change on previous year (2027)
Frequently asked questions
- What is labor share of gdp in Macao?
- Labor share of gdp in Macao was 34.2 in 2020, according to Our World in Data.
- What is the highest labor share of gdp recorded in Macao?
- The highest recorded value was 34.2 in 2020.
- What is the lowest labor share of gdp recorded in Macao?
- The lowest recorded value was 21.1 in 2013.
- How does Macao rank for labor share of gdp?
- Macao ranks 169th out of 187 countries with data for 2020.
- Is labor share of gdp rising or falling in Macao?
- Over the last ten years it is up 38.5%. The long-run trend across the full record is rising.
- Where does this Macao data come from?
- The figures come from Our World in Data, published as part of Labor share of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).