Customs and other import duties in Marshall Islands
Marshall Islands: Customs and other import duties was 22.3% in 2020. ▼ Falling
Customs and other import duties in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
In 2020, customs and other import duties in Marshall Islands stood at 22.3%.
Compared with earlier readings it is up 3.4% on the previous year and down 17.4% over ten years.
Over the whole period, customs and other import duties in Marshall Islands peaked at 30.6% in 2008 and was at its lowest, 21.3%, in 2018.
That places Marshall Islands 17th out of 151 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently falling across the 13 years of available data.
Customs and other import duties in Marshall Islands, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 2008 | 30.6% | — |
| 2009 | 25.7% | -16.2% |
| 2010 | 27.0% | +5.4% |
| 2011 | 26.3% | -2.9% |
| 2012 | 23.2% | -11.7% |
| 2013 | 24.3% | +4.5% |
| 2014 | 23.4% | -3.7% |
| 2015 | 24.3% | +3.9% |
| 2016 | 23.3% | -4.1% |
| 2017 | 22.5% | -3.5% |
| 2018 | 21.3% | -5.3% |
| 2019 | 21.6% | +1.5% |
| 2020 | 22.3% | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.1% | 25.7% | 30.6% | 2 |
| 2010s | 23.7% | 21.3% | 27.0% | 10 |
| 2020s | 22.3% | 22.3% | 22.3% | 1 |
Countries ranked near Marshall Islands
- 14 Philippines 24.1% compare
- 15 Micronesia, Federated States of 23.6% compare
- 16 Saint Kitts and Nevis 23.6% compare
- 18 Vanuatu 21.0% compare
- 19 Iran, Islamic Republic of 20.7%
- 20 Cape Verde 20.3% compare
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 customs and other import duties in Marshall Islands?
- Customs and other import duties in Marshall Islands was 22.3% 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 30.6% in 2008.
- What is the lowest customs and other import duties recorded in Marshall Islands?
- The lowest recorded value was 21.3% in 2018.
- How does Marshall Islands rank for customs and other import duties?
- Marshall Islands ranks 17th out of 151 countries with data for 2020.
- Is customs and other import duties rising or falling in Marshall Islands?
- Over the last ten years it is down 17.4%. The long-run trend across the full record is falling.
- 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 (% of tax revenue). 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 as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.