Goods and services expense in Micronesia (country)
Micronesia (country): Goods and services expense was 28.76 million current LCU in 2020. ▲ Rising
Goods and services expense in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Micronesia (country) recorded 28.76 million current LCU for goods and services expense in 2020.
Compared with earlier readings it is down 39.9% on the previous year and up 28.4% over ten years.
Over the whole period, goods and services expense in Micronesia (country) peaked at 47.84 million current LCU in 2019 and was at its lowest, 20.69 million current LCU, in 2013.
Micronesia (country) ranks 153rd of 155 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.40 million current LCU | 22.49 million current LCU | 26.32 million current LCU | 2 |
| 2010s | 31.85 million current LCU | 20.69 million current LCU | 47.84 million current LCU | 10 |
| 2020s | 28.76 million current LCU | 28.76 million current LCU | 28.76 million current LCU | 1 |
Countries ranked near Micronesia (country)
- 150 Saint Vincent and the Grenadines 78.14 million current LCU compare
- 151 Nauru 76.28 million current LCU compare
- 152 Marshall Islands 37.19 million current LCU compare
- 154 Palau 28.06 million current LCU compare
- 155 Zimbabwe 289,333 current LCU compare
More public sector data for Micronesia (country)
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Tax revenue 7.0% (2020)
- Taxes on income, profits and capital gains 10.9% (2020)
- Taxes on goods and services 3.4% (2020)
- Net investment in nonfinancial assets 10.5% (2020)
- Net lending (+) / net borrowing (-) 6.9% (2020)
- Interest payments 0.4% (2020)
- Grants and other revenue 81.0% (2020)
- Interest payments 0.6% (2020)
- Other taxes 0.2% (2020)
Frequently asked questions
- What is goods and services expense in Micronesia (country)?
- Goods and services expense in Micronesia (country) was 28.76 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Micronesia (country)?
- The highest recorded value was 47.84 million current LCU in 2019.
- What is the lowest goods and services expense recorded in Micronesia (country)?
- The lowest recorded value was 20.69 million current LCU in 2013.
- How does Micronesia (country) rank for goods and services expense?
- Micronesia (country) ranks 153rd out of 155 countries with data for 2020.
- Is goods and services expense rising or falling in Micronesia (country)?
- Over the last ten years it is up 28.4%. The long-run trend across the full record is rising.
- Where does this Micronesia (country) data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.