Taxes on goods and services (current LCU), annual growth rate in Micronesia (country)
Micronesia (country): Taxes on goods and services (current LCU), annual growth rate was -13.57 % change on previous year in 2020. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Micronesia (country), 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 Micronesia (country) stood at -13.57 % change on previous year. That is the lowest value across all 12 years on record.
That represents a change of down 178.1% on the previous year and down 281.1% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Micronesia (country) peaked at 20.5 % change on previous year in 2018 and was at its lowest, -13.57 % change on previous year, in 2020.
That places Micronesia (country) 150th 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 Micronesia (country), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2009 | 13.27 % change on previous year | — |
| 2010 | 7.49 % change on previous year | -43.5% |
| 2011 | 8.27 % change on previous year | +10.3% |
| 2012 | 7.03 % change on previous year | -15.0% |
| 2013 | -2.65 % change on previous year | -137.7% |
| 2014 | -8.29 % change on previous year | +213.0% |
| 2015 | -2.88 % change on previous year | -65.3% |
| 2016 | 1.68 % change on previous year | -158.1% |
| 2017 | 7.68 % change on previous year | +358.2% |
| 2018 | 20.5 % change on previous year | +167.1% |
| 2019 | -4.88 % change on previous year | -123.8% |
| 2020 | -13.57 % change on previous year | +178.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.27 % change on previous year | 13.27 % change on previous year | 13.27 % change on previous year | 1 |
| 2010s | 3.39 % change on previous year | -8.29 % change on previous year | 20.5 % change on previous year | 10 |
| 2020s | -13.57 % change on previous year | -13.57 % change on previous year | -13.57 % change on previous year | 1 |
Countries ranked near Micronesia (country)
- 147 Bahrain -10.23 % change on previous year compare
- 148 Marshall Islands -11.2 % change on previous year compare
- 149 Cambodia -11.55 % change on previous year compare
- 151 Jamaica -15.9 % change on previous year compare
- 152 Bhutan -16.98 % change on previous year compare
- 153 Mali -17.47 % change on previous year 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 taxes on goods and services (current lcu), annual growth rate in Micronesia (country)?
- Taxes on goods and services (current lcu), annual growth rate in Micronesia (country) was -13.57 % 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 Micronesia (country)?
- The highest recorded value was 20.5 % change on previous year in 2018.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Micronesia (country)?
- The lowest recorded value was -13.57 % change on previous year in 2020.
- How does Micronesia (country) rank for taxes on goods and services (current lcu), annual growth rate?
- Micronesia (country) ranks 150th out of 156 countries with data for 2020.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Micronesia (country)?
- Over the last ten years it is down 281.1%. The long-run trend across the full record is volatile.
- Where does this Micronesia (country) 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.