Taxes on goods and services in Micronesia (country)
Micronesia (country): Taxes on goods and services was 4.69 million current LCU in 2020. ▲ Rising
Taxes on goods and services in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, taxes on goods and services in Micronesia (country) stood at 4.69 million current LCU.
That represents a change of down 13.6% on the previous year and up 9.0% over ten years.
Over the whole period, taxes on goods and services in Micronesia (country) peaked at 5.70 million current LCU in 2018 and was at its lowest, 3.53 million current LCU, in 2008.
Micronesia (country) 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 | 3.77 million current LCU | 3.53 million current LCU | 4.00 million current LCU | 2 |
| 2010s | 4.78 million current LCU | 4.30 million current LCU | 5.70 million current LCU | 10 |
| 2020s | 4.69 million current LCU | 4.69 million current LCU | 4.69 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 taxes on goods and services in Micronesia (country)?
- Taxes on goods and services in Micronesia (country) was 4.69 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Micronesia (country)?
- The highest recorded value was 5.70 million current LCU in 2018.
- What is the lowest taxes on goods and services recorded in Micronesia (country)?
- The lowest recorded value was 3.53 million current LCU in 2008.
- How does Micronesia (country) rank for taxes on goods and services?
- Micronesia (country) ranks 155th out of 157 countries with data for 2020.
- Is taxes on goods and services rising or falling in Micronesia (country)?
- Over the last ten years it is up 9.0%. 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 Taxes on goods and services (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
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.