Subsidies and other transfers in Micronesia (country)
Micronesia (country): Subsidies and other transfers was 6.75 million current LCU in 2020. ◆ Volatile
Subsidies and other transfers in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for subsidies and other transfers in Micronesia (country) is 6.75 million current LCU, measured in 2020. That is the highest value across all 13 years on record.
That represents a change of up 164.5% on the previous year and up 111.5% over ten years.
Over the whole period, subsidies and other transfers in Micronesia (country) peaked at 6.75 million current LCU in 2020 and was at its lowest, 836,456 current LCU, in 2008.
Micronesia (country) ranks 152nd of 153 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 894,862 current LCU | 836,456 current LCU | 953,267 current LCU | 2 |
| 2010s | 1.83 million current LCU | 1.10 million current LCU | 3.19 million current LCU | 10 |
| 2020s | 6.75 million current LCU | 6.75 million current LCU | 6.75 million current LCU | 1 |
Countries ranked near Micronesia (country)
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 subsidies and other transfers in Micronesia (country)?
- Subsidies and other transfers in Micronesia (country) was 6.75 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Micronesia (country)?
- The highest recorded value was 6.75 million current LCU in 2020.
- What is the lowest subsidies and other transfers recorded in Micronesia (country)?
- The lowest recorded value was 836,456 current LCU in 2008.
- How does Micronesia (country) rank for subsidies and other transfers?
- Micronesia (country) ranks 152nd out of 153 countries with data for 2020.
- Is subsidies and other transfers rising or falling in Micronesia (country)?
- Over the last ten years it is up 111.5%. The long-run trend across the full record is volatile.
- 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.