Goods and services expense in Micronesia, Federated States of
Micronesia, Federated States of: Goods and services expense was 32.9% in 2020. ▬ Flat
Goods and services expense in Micronesia, Federated States of, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2020, goods and services expense in Micronesia, Federated States of stood at 32.9%. That is the lowest value across all 13 years on record.
That represents a change of down 35.7% on the previous year and down 26.8% over ten years.
Over the whole period, goods and services expense in Micronesia, Federated States of peaked at 54.9% in 2008 and was at its lowest, 32.9%, in 2020.
Micronesia, Federated States of ranks 10th of 154 countries on this measure, in the top 10%.
Goods and services expense in Micronesia, Federated States of, year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 54.9% | — |
| 2009 | 48.2% | -12.2% |
| 2010 | 45.0% | -6.7% |
| 2011 | 43.6% | -3.1% |
| 2012 | 42.3% | -3.1% |
| 2013 | 35.8% | -15.2% |
| 2014 | 42.4% | +18.3% |
| 2015 | 47.9% | +13.0% |
| 2016 | 49.6% | +3.6% |
| 2017 | 54.0% | +8.9% |
| 2018 | 53.0% | -1.9% |
| 2019 | 51.2% | -3.4% |
| 2020 | 32.9% | -35.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51.5% | 48.2% | 54.9% | 2 |
| 2010s | 46.5% | 35.8% | 54.0% | 10 |
| 2020s | 32.9% | 32.9% | 32.9% | 1 |
Countries ranked near Micronesia, Federated States of
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 goods and services expense in Micronesia, Federated States of?
- Goods and services expense in Micronesia, Federated States of was 32.9% 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 Micronesia, Federated States of?
- The highest recorded value was 54.9% in 2008.
- What is the lowest goods and services expense recorded in Micronesia, Federated States of?
- The lowest recorded value was 32.9% in 2020.
- How does Micronesia, Federated States of rank for goods and services expense?
- Micronesia, Federated States of ranks 10th out of 154 countries with data for 2020.
- Is goods and services expense rising or falling in Micronesia, Federated States of?
- Over the last ten years it is down 26.8%. The long-run trend across the full record is flat.
- 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 Goods and services expense (% of expense). 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
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.