Goods and services expense in Marshall Islands
Marshall Islands: Goods and services expense was 25.9% in 2020. ▬ Flat
Goods and services expense in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for goods and services expense in Marshall Islands is 25.9%, measured in 2020.
Compared with earlier readings it is down 21.3% on the previous year and down 6.7% over ten years.
Over the whole period, goods and services expense in Marshall Islands peaked at 32.9% in 2019 and was at its lowest, 24.8%, in 2017.
That places Marshall Islands 26th out of 154 countries with data for 2020, putting it in the top quarter.
Goods and services expense in Marshall Islands, year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 27.5% | — |
| 2009 | 26.9% | -2.1% |
| 2010 | 27.7% | +2.9% |
| 2011 | 28.6% | +3.1% |
| 2012 | 29.2% | +1.9% |
| 2013 | 28.2% | -3.3% |
| 2014 | 27.7% | -1.8% |
| 2015 | 25.8% | -6.7% |
| 2016 | 28.1% | +8.8% |
| 2017 | 24.8% | -11.9% |
| 2018 | 27.1% | +9.4% |
| 2019 | 32.9% | +21.3% |
| 2020 | 25.9% | -21.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.2% | 26.9% | 27.5% | 2 |
| 2010s | 28.0% | 24.8% | 32.9% | 10 |
| 2020s | 25.9% | 25.9% | 25.9% | 1 |
Countries ranked near Marshall Islands
- 23 Congo, Democratic Republic of the 27.5% compare
- 24 Saudi Arabia 27.4% compare
- 25 Congo 27.1% compare
- 27 Uganda 25.6% compare
- 28 Equatorial Guinea 25.4% compare
- 29 Zambia 25.4% 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 goods and services expense in Marshall Islands?
- Goods and services expense in Marshall Islands was 25.9% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Marshall Islands?
- The highest recorded value was 32.9% in 2019.
- What is the lowest goods and services expense recorded in Marshall Islands?
- The lowest recorded value was 24.8% in 2017.
- How does Marshall Islands rank for goods and services expense?
- Marshall Islands ranks 26th out of 154 countries with data for 2020.
- Is goods and services expense rising or falling in Marshall Islands?
- Over the last ten years it is down 6.7%. The long-run trend across the full record is flat.
- 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 Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.