Customs and other import duties (current LCU) in Marshall Islands
Marshall Islands: Customs and other import duties (current LCU) was 9.27 million current LCU in 2020. ▲ Rising
Customs and other import duties in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for customs and other import duties in Marshall Islands is 9.27 million current LCU, measured in 2020.
Compared with earlier readings it is down 1.0% on the previous year and up 20.0% over ten years.
Over the whole period, customs and other import duties in Marshall Islands peaked at 9.36 million current LCU in 2019 and was at its lowest, 6.87 million current LCU, in 2012.
That places Marshall Islands 134th out of 152 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Customs and other import duties (current LCU) in Marshall Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2008 | 8.67 million current LCU | — |
| 2009 | 7.14 million current LCU | -17.7% |
| 2010 | 7.72 million current LCU | +8.2% |
| 2011 | 7.71 million current LCU | -0.1% |
| 2012 | 6.87 million current LCU | -10.9% |
| 2013 | 7.46 million current LCU | +8.5% |
| 2014 | 6.89 million current LCU | -7.6% |
| 2015 | 7.74 million current LCU | +12.4% |
| 2016 | 8.16 million current LCU | +5.4% |
| 2017 | 8.47 million current LCU | +3.8% |
| 2018 | 8.39 million current LCU | -0.9% |
| 2019 | 9.36 million current LCU | +11.6% |
| 2020 | 9.27 million current LCU | -1.0% |
Marshall Islands compared with similar countries
- Marshall Islands's 9.27 million current LCU is below the median for upper middle income countries, which is 12.90 billion current LCU, 0% of the median. (47 countries reporting)
- Marshall Islands's 9.27 million current LCU is below the median for East Asia & Pacific, which is 3.07 billion current LCU, 0% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.91 million current LCU | 7.14 million current LCU | 8.67 million current LCU | 2 |
| 2010s | 7.88 million current LCU | 6.87 million current LCU | 9.36 million current LCU | 10 |
| 2020s | 9.27 million current LCU | 9.27 million current LCU | 9.27 million current LCU | 1 |
Countries ranked near Marshall Islands
More public sector data for Marshall Islands
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
Frequently asked questions
- What is customs and other import duties in Marshall Islands?
- Customs and other import duties in Marshall Islands was 9.27 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Marshall Islands?
- The highest recorded value was 9.36 million current LCU in 2019.
- What is the lowest customs and other import duties recorded in Marshall Islands?
- The lowest recorded value was 6.87 million current LCU in 2012.
- How does Marshall Islands rank for customs and other import duties?
- Marshall Islands ranks 134th out of 152 countries with data for 2020.
- Is customs and other import duties rising or falling in Marshall Islands?
- Over the last ten years it is up 20.0%. 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 Customs and other import duties (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 and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to 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.