Customs and other import duties in Micronesia, Federated States of
Micronesia, Federated States of: Customs and other import duties was 23.6% in 2020. ▼ Falling
Customs and other import duties in Micronesia, Federated States of, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
Micronesia, Federated States of recorded 23.6% for customs and other import duties in 2020.
That represents a change of up 204.7% on the previous year and down 33.9% over ten years.
Over the whole period, customs and other import duties in Micronesia, Federated States of peaked at 37.3% in 2009 and was at its lowest, 6.0%, in 2018.
Micronesia, Federated States of ranks 15th of 151 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 13 years of available data.
Customs and other import duties in Micronesia, Federated States of, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 2008 | 36.3% | — |
| 2009 | 37.3% | +2.9% |
| 2010 | 35.8% | -4.2% |
| 2011 | 30.3% | -15.4% |
| 2012 | 27.4% | -9.5% |
| 2013 | 23.3% | -14.9% |
| 2014 | 9.5% | -59.3% |
| 2015 | 25.1% | +164.7% |
| 2016 | 25.3% | +1.0% |
| 2017 | 15.4% | -39.3% |
| 2018 | 6.0% | -60.8% |
| 2019 | 7.8% | +28.7% |
| 2020 | 23.6% | +204.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.8% | 36.3% | 37.3% | 2 |
| 2010s | 20.6% | 6.0% | 35.8% | 10 |
| 2020s | 23.6% | 23.6% | 23.6% | 1 |
Countries ranked near Micronesia, Federated States of
- 12 Iraq 25.7% compare
- 13 Ethiopia 25.5% compare
- 14 Philippines 24.1% compare
- 16 Saint Kitts and Nevis 23.6% compare
- 17 Marshall Islands 22.3% compare
- 18 Vanuatu 21.0% compare
More public sector data for Micronesia, Federated States of
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 62.15 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0158 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 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)
Frequently asked questions
- What is customs and other import duties in Micronesia, Federated States of?
- Customs and other import duties in Micronesia, Federated States of was 23.6% 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, Federated States of?
- The highest recorded value was 37.3% in 2009.
- What is the lowest customs and other import duties recorded in Micronesia, Federated States of?
- The lowest recorded value was 6.0% in 2018.
- How does Micronesia, Federated States of rank for customs and other import duties?
- Micronesia, Federated States of ranks 15th out of 151 countries with data for 2020.
- Is customs and other import duties rising or falling in Micronesia, Federated States of?
- Over the last ten years it is down 33.9%. The long-run trend across the full record is falling.
- Where does this Micronesia, Federated States of 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.