Subsidies and other transfers in Micronesia (country)
Micronesia (country): Subsidies and other transfers was 7.7% in 2020. ◆ Volatile
Subsidies and other transfers in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Micronesia (country) recorded 7.7% for subsidies and other transfers in 2020. That is the highest value across all 13 years on record.
That represents a change of up 182.8% on the previous year and up 20.6% over ten years.
Over the whole period, subsidies and other transfers in Micronesia (country) peaked at 7.7% in 2020 and was at its lowest, 1.3%, in 2018.
Micronesia (country) ranks 150th of 152 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Subsidies and other transfers in Micronesia (country), year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 1.7% | — |
| 2009 | 2.0% | +17.0% |
| 2010 | 6.4% | +213.7% |
| 2011 | 3.4% | -47.6% |
| 2012 | 2.7% | -19.5% |
| 2013 | 2.3% | -13.7% |
| 2014 | 3.6% | +55.4% |
| 2015 | 1.7% | -53.5% |
| 2016 | 2.9% | +69.6% |
| 2017 | 2.0% | -30.9% |
| 2018 | 1.3% | -34.7% |
| 2019 | 2.7% | +111.8% |
| 2020 | 7.7% | +182.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.9% | 1.7% | 2.0% | 2 |
| 2010s | 2.9% | 1.3% | 6.4% | 10 |
| 2020s | 7.7% | 7.7% | 7.7% | 1 |
Countries ranked near Micronesia (country)
- 147 Democratic Republic of Congo 10.7% compare
- 148 Tonga 10.6% compare
- 149 Afghanistan 10.5% compare
- 151 Solomon Islands 6.4% compare
- 152 Samoa 5.4% compare
More public sector data for Micronesia (country)
- 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 subsidies and other transfers in Micronesia (country)?
- Subsidies and other transfers in Micronesia (country) was 7.7% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Micronesia (country)?
- The highest recorded value was 7.7% in 2020.
- What is the lowest subsidies and other transfers recorded in Micronesia (country)?
- The lowest recorded value was 1.3% in 2018.
- How does Micronesia (country) rank for subsidies and other transfers?
- Micronesia (country) ranks 150th out of 152 countries with data for 2020.
- Is subsidies and other transfers rising or falling in Micronesia (country)?
- Over the last ten years it is up 20.6%. The long-run trend across the full record is volatile.
- 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 Subsidies and other transfers (% 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
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.