Tax revenue in Marshall Islands
Marshall Islands: Tax revenue was 17.2% in 2020. ▬ Flat
Tax revenue in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for tax revenue in Marshall Islands is 17.2%, measured in 2020.
The figure is down 7.8% on the previous year and down 3.2% over ten years.
Over the whole period, tax revenue in Marshall Islands peaked at 19.3% in 2008 and was at its lowest, 15.9%, in 2014.
That places Marshall Islands 77th out of 157 countries with data for 2020, putting it in the middle of the range.
Tax revenue in Marshall Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 19.3% | — |
| 2009 | 18.4% | -4.8% |
| 2010 | 17.7% | -3.7% |
| 2011 | 17.0% | -3.9% |
| 2012 | 16.4% | -3.8% |
| 2013 | 16.5% | +0.6% |
| 2014 | 15.9% | -3.8% |
| 2015 | 17.4% | +9.5% |
| 2016 | 17.4% | +0.0% |
| 2017 | 17.6% | +1.5% |
| 2018 | 17.9% | +1.7% |
| 2019 | 18.6% | +3.8% |
| 2020 | 17.2% | -7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.9% | 18.4% | 19.3% | 2 |
| 2010s | 17.2% | 15.9% | 18.6% | 10 |
| 2020s | 17.2% | 17.2% | 17.2% | 1 |
Countries ranked near Marshall Islands
- 74 Azerbaijan 17.3% compare
- 75 Bahamas 17.3% compare
- 76 San Marino 17.3% compare
- 78 Bolivia, Plurinational State of 17.0%
- 79 Mongolia 16.9% compare
- 80 Trinidad and Tobago 16.8% compare
More public sector data for Marshall Islands
- 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)
- Goods and services expense 25.9% (2020)
Frequently asked questions
- What is tax revenue in Marshall Islands?
- Tax revenue in Marshall Islands was 17.2% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Marshall Islands?
- The highest recorded value was 19.3% in 2008.
- What is the lowest tax revenue recorded in Marshall Islands?
- The lowest recorded value was 15.9% in 2014.
- How does Marshall Islands rank for tax revenue?
- Marshall Islands ranks 77th out of 157 countries with data for 2020.
- Is tax revenue 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 Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.