Tax revenue (current LCU), per unit of GDP in Marshall Islands
Marshall Islands: Tax revenue (current LCU), per unit of GDP was 0.1716 current LCU per US$ of GDP in 2020. ▬ Flat
Tax revenue (current LCU), per unit of GDP in Marshall Islands, 2008–2020
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2020, tax revenue (current lcu), per unit of gdp in Marshall Islands stood at 0.1716 current LCU per US$ of GDP.
Compared with earlier readings it is down 7.8% on the previous year and down 3.2% over ten years.
Over the whole period, tax revenue (current lcu), per unit of gdp in Marshall Islands peaked at 0.1933 current LCU per US$ of GDP in 2008 and was at its lowest, 0.1586 current LCU per US$ of GDP, in 2014.
Marshall Islands ranks 141st of 157 countries on this measure, in the bottom quarter.
Tax revenue (current LCU), per unit of GDP in Marshall Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2008 | 0.1933 current LCU per US$ of GDP | — |
| 2009 | 0.184 current LCU per US$ of GDP | -4.8% |
| 2010 | 0.1772 current LCU per US$ of GDP | -3.7% |
| 2011 | 0.1704 current LCU per US$ of GDP | -3.9% |
| 2012 | 0.1639 current LCU per US$ of GDP | -3.8% |
| 2013 | 0.1649 current LCU per US$ of GDP | +0.6% |
| 2014 | 0.1586 current LCU per US$ of GDP | -3.8% |
| 2015 | 0.1736 current LCU per US$ of GDP | +9.5% |
| 2016 | 0.1736 current LCU per US$ of GDP | +0.0% |
| 2017 | 0.1762 current LCU per US$ of GDP | +1.5% |
| 2018 | 0.1792 current LCU per US$ of GDP | +1.7% |
| 2019 | 0.186 current LCU per US$ of GDP | +3.8% |
| 2020 | 0.1716 current LCU per US$ of GDP | -7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1887 current LCU per US$ of GDP | 0.184 current LCU per US$ of GDP | 0.1933 current LCU per US$ of GDP | 2 |
| 2010s | 0.1723 current LCU per US$ of GDP | 0.1586 current LCU per US$ of GDP | 0.186 current LCU per US$ of GDP | 10 |
| 2020s | 0.1716 current LCU per US$ of GDP | 0.1716 current LCU per US$ of GDP | 0.1716 current LCU per US$ of GDP | 1 |
Countries ranked near Marshall Islands
- 138 Palau 0.1808 current LCU per US$ of GDP compare
- 139 Slovakia 0.1769 current LCU per US$ of GDP compare
- 140 Bahamas 0.1728 current LCU per US$ of GDP compare
- 142 Ireland 0.1658 current LCU per US$ of GDP compare
- 143 Latvia 0.163 current LCU per US$ of GDP compare
- 144 San Marino 0.1597 current LCU per US$ of GDP 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 tax revenue (current lcu), per unit of gdp in Marshall Islands?
- Tax revenue (current lcu), per unit of gdp in Marshall Islands was 0.1716 current LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest tax revenue (current lcu), per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 0.1933 current LCU per US$ of GDP in 2008.
- What is the lowest tax revenue (current lcu), per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 0.1586 current LCU per US$ of GDP in 2014.
- How does Marshall Islands rank for tax revenue (current lcu), per unit of gdp?
- Marshall Islands ranks 141st out of 157 countries with data for 2020.
- Is tax revenue (current lcu), per unit of gdp rising or falling in Marshall Islands?
- Over the last ten years it is down 3.2%. The long-run trend across the full record is flat.
- Where does this Marshall Islands data come from?
- The figures come from Statizoid (derived), published as part of Tax revenue (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Tax revenue (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Tax revenue (current LCU) ÷ GDP (current US$)
Computed from
- Tax revenue Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Tax revenue (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.