Tax revenue (% of GDP) in Micronesia (country)
Micronesia (country): Tax revenue (% of GDP) was 7.0% in 2020. ◆ Volatile
Tax revenue in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2020, tax revenue in Micronesia (country) stood at 7.0%.
That represents a change of down 64.6% on the previous year and up 48.3% over ten years.
Over the whole period, tax revenue in Micronesia (country) peaked at 25.7% in 2018 and was at its lowest, 4.3%, in 2008.
Micronesia (country) ranks 146th of 157 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue (% of GDP) in Micronesia (country), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 4.3% | — |
| 2009 | 4.4% | +2.9% |
| 2010 | 4.7% | +6.6% |
| 2011 | 5.0% | +5.8% |
| 2012 | 4.9% | -1.5% |
| 2013 | 5.5% | +11.8% |
| 2014 | 12.7% | +129.5% |
| 2015 | 5.5% | -56.6% |
| 2016 | 6.1% | +11.0% |
| 2017 | 10.6% | +73.3% |
| 2018 | 25.7% | +143.1% |
| 2019 | 19.9% | -22.7% |
| 2020 | 7.0% | -64.6% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 7.0% is below the median for upper middle income countries, which is 17.0%, 41% of the median. (48 countries reporting)
- Micronesia (country)'s 7.0% is below the median for East Asia & Pacific, which is 16.7%, 42% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.4% | 4.3% | 4.4% | 2 |
| 2010s | 10.1% | 4.7% | 25.7% | 10 |
| 2020s | 7.0% | 7.0% | 7.0% | 1 |
Countries ranked near Micronesia (country)
More public sector data for Micronesia (country)
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
Frequently asked questions
- What is tax revenue in Micronesia (country)?
- Tax revenue in Micronesia (country) was 7.0% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Micronesia (country)?
- The highest recorded value was 25.7% in 2018.
- What is the lowest tax revenue recorded in Micronesia (country)?
- The lowest recorded value was 4.3% in 2008.
- How does Micronesia (country) rank for tax revenue?
- Micronesia (country) ranks 146th out of 157 countries with data for 2020.
- Is tax revenue rising or falling in Micronesia (country)?
- Over the last ten years it is up 48.3%. 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 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.