Taxes on international trade in Micronesia (country)
Micronesia (country): Taxes on international trade was 6.20 million current LCU in 2020. ▲ Rising
Taxes on international trade 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 international trade in Micronesia (country) stood at 6.20 million current LCU. That is the highest value across all 13 years on record.
That represents a change of up 1.8% on the previous year and up 25.1% over ten years.
Over the whole period, taxes on international trade in Micronesia (country) peaked at 6.20 million current LCU in 2020 and was at its lowest, 3.80 million current LCU, in 2014.
Micronesia (country) ranks 142nd 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 | 4.35 million current LCU | 4.09 million current LCU | 4.60 million current LCU | 2 |
| 2010s | 4.93 million current LCU | 3.80 million current LCU | 6.10 million current LCU | 10 |
| 2020s | 6.20 million current LCU | 6.20 million current LCU | 6.20 million current LCU | 1 |
Countries ranked near Micronesia (country)
- 139 Latvia 9.77 million current LCU compare
- 140 Marshall Islands 9.27 million current LCU compare
- 141 Greece 8.00 million current LCU compare
- 143 Netherlands 4.54 million current LCU compare
- 144 San Marino 2.33 million current LCU compare
- 145 Kiribati 1.79 million 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 taxes on international trade in Micronesia (country)?
- Taxes on international trade in Micronesia (country) was 6.20 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Micronesia (country)?
- The highest recorded value was 6.20 million current LCU in 2020.
- What is the lowest taxes on international trade recorded in Micronesia (country)?
- The lowest recorded value was 3.80 million current LCU in 2014.
- How does Micronesia (country) rank for taxes on international trade?
- Micronesia (country) ranks 142nd out of 155 countries with data for 2020.
- Is taxes on international trade rising or falling in Micronesia (country)?
- Over the last ten years it is up 25.1%. 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 international trade (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
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.