Taxes on goods and services (current LCU), annual growth rate in Marshall Islands
Marshall Islands: Taxes on goods and services (current LCU), annual growth rate was -11.2 % change on previous year in 2020. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Marshall Islands, 2009–2020
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2020, taxes on goods and services (current lcu), annual growth rate in Marshall Islands stood at -11.2 % change on previous year. That is the lowest value across all 12 years on record.
The figure is down 199.5% on the previous year and down 273.3% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Marshall Islands peaked at 16.18 % change on previous year in 2012 and was at its lowest, -11.2 % change on previous year, in 2020.
That places Marshall Islands 148th out of 156 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Marshall Islands, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2009 | 9.99 % change on previous year | — |
| 2010 | 6.46 % change on previous year | -35.3% |
| 2011 | -2.79 % change on previous year | -143.2% |
| 2012 | 16.18 % change on previous year | -679.2% |
| 2013 | 0.6307 % change on previous year | -96.1% |
| 2014 | 0.6534 % change on previous year | +3.6% |
| 2015 | 4.63 % change on previous year | +608.0% |
| 2016 | 7.49 % change on previous year | +61.8% |
| 2017 | 9.55 % change on previous year | +27.5% |
| 2018 | 11.51 % change on previous year | +20.6% |
| 2019 | 11.26 % change on previous year | -2.2% |
| 2020 | -11.2 % change on previous year | -199.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.99 % change on previous year | 9.99 % change on previous year | 9.99 % change on previous year | 1 |
| 2010s | 6.56 % change on previous year | -2.79 % change on previous year | 16.18 % change on previous year | 10 |
| 2020s | -11.2 % change on previous year | -11.2 % change on previous year | -11.2 % change on previous year | 1 |
Countries ranked near Marshall Islands
- 145 Saint Lucia -8.21 % change on previous year compare
- 146 Trinidad and Tobago -9.09 % change on previous year compare
- 147 Bahrain -10.23 % change on previous year compare
- 149 Cambodia -11.55 % change on previous year compare
- 150 Micronesia (country) -13.57 % change on previous year compare
- 151 Jamaica -15.9 % change on previous year 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 taxes on goods and services (current lcu), annual growth rate in Marshall Islands?
- Taxes on goods and services (current lcu), annual growth rate in Marshall Islands was -11.2 % change on previous year in 2020, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Marshall Islands?
- The highest recorded value was 16.18 % change on previous year in 2012.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Marshall Islands?
- The lowest recorded value was -11.2 % change on previous year in 2020.
- How does Marshall Islands rank for taxes on goods and services (current lcu), annual growth rate?
- Marshall Islands ranks 148th out of 156 countries with data for 2020.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Marshall Islands?
- Over the last ten years it is down 273.3%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
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
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.