Tax revenue in Marshall Islands
Marshall Islands: Tax revenue was 41.48 million current LCU in 2020. ▲ Rising
Tax revenue in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Marshall Islands recorded 41.48 million current LCU for tax revenue in 2020.
That represents a change of down 4.2% on the previous year and up 45.3% over ten years.
Over the whole period, tax revenue in Marshall Islands peaked at 43.32 million current LCU in 2019 and was at its lowest, 27.82 million current LCU, in 2009.
Marshall Islands ranks 155th of 157 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 | 28.08 million current LCU | 27.82 million current LCU | 28.34 million current LCU | 2 |
| 2010s | 33.51 million current LCU | 28.55 million current LCU | 43.32 million current LCU | 10 |
| 2020s | 41.48 million current LCU | 41.48 million current LCU | 41.48 million current LCU | 1 |
Countries ranked near Marshall Islands
More public sector data for Marshall Islands
- Tax revenue 17.2% (2020)
- Taxes on income, profits and capital gains 9.7% (2020)
- Taxes on goods and services 8.4% (2020)
- Net investment in nonfinancial assets 8.8% (2020)
- Net lending (+) / net borrowing (-) 5.0% (2020)
- Interest payments 0.4% (2020)
- Grants and other revenue 75.8% (2020)
- Interest payments 0.5% (2020)
- Other taxes 0.8% (2020)
- Compensation of employees 35.3% (2020)
Frequently asked questions
- What is tax revenue in Marshall Islands?
- Tax revenue in Marshall Islands was 41.48 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Marshall Islands?
- The highest recorded value was 43.32 million current LCU in 2019.
- What is the lowest tax revenue recorded in Marshall Islands?
- The lowest recorded value was 27.82 million current LCU in 2009.
- How does Marshall Islands rank for tax revenue?
- Marshall Islands ranks 155th out of 157 countries with data for 2020.
- Is tax revenue rising or falling in Marshall Islands?
- Over the last ten years it is up 45.3%. The long-run trend across the full record is rising.
- Where does this Marshall Islands data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.