Customs and other import duties in Micronesia (country)
Micronesia (country): Customs and other import duties was 6.20 million current LCU in 2020. ▲ Rising
Customs and other import duties in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, customs and other import duties 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, customs and other import duties in Micronesia (country) peaked at 6.20 million current LCU in 2020 and was at its lowest, 3.80 million current LCU, in 2014.
That places Micronesia (country) 137th 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.
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)
- 134 Marshall Islands 9.27 million current LCU compare
- 135 Spain 8.41 million current LCU compare
- 136 Greece 8.00 million current LCU compare
- 138 Saint Lucia 6.00 million current LCU compare
- 139 Netherlands 4.54 million current LCU compare
- 140 San Marino 2.33 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 customs and other import duties in Micronesia (country)?
- Customs and other import duties 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 customs and other import duties recorded in Micronesia (country)?
- The highest recorded value was 6.20 million current LCU in 2020.
- What is the lowest customs and other import duties recorded in Micronesia (country)?
- The lowest recorded value was 3.80 million current LCU in 2014.
- How does Micronesia (country) rank for customs and other import duties?
- Micronesia (country) ranks 137th out of 152 countries with data for 2020.
- Is customs and other import duties 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 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.