Taxes on goods and services (current LCU), per unit of GDP in Marshall Islands
Marshall Islands: Taxes on goods and services (current LCU), per unit of GDP was 0.0594 current LCU per US$ of GDP in 2020. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Marshall Islands, 2008–2020
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes on goods and services (current lcu), per unit of gdp in Marshall Islands is 0.0594 current LCU per US$ of GDP, measured in 2020.
The figure is down 14.5% on the previous year and up 3.4% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Marshall Islands peaked at 0.0695 current LCU per US$ of GDP in 2019 and was at its lowest, 0.0522 current LCU per US$ of GDP, in 2011.
Marshall Islands ranks 143rd of 157 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Marshall Islands, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2008 | 0.0539 current LCU per US$ of GDP | — |
| 2009 | 0.0575 current LCU per US$ of GDP | +6.6% |
| 2010 | 0.0574 current LCU per US$ of GDP | -0.1% |
| 2011 | 0.0522 current LCU per US$ of GDP | -9.1% |
| 2012 | 0.0578 current LCU per US$ of GDP | +10.8% |
| 2013 | 0.0564 current LCU per US$ of GDP | -2.4% |
| 2014 | 0.0569 current LCU per US$ of GDP | +0.9% |
| 2015 | 0.0603 current LCU per US$ of GDP | +5.9% |
| 2016 | 0.059 current LCU per US$ of GDP | -2.2% |
| 2017 | 0.061 current LCU per US$ of GDP | +3.4% |
| 2018 | 0.0661 current LCU per US$ of GDP | +8.3% |
| 2019 | 0.0695 current LCU per US$ of GDP | +5.1% |
| 2020 | 0.0594 current LCU per US$ of GDP | -14.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0557 current LCU per US$ of GDP | 0.0539 current LCU per US$ of GDP | 0.0575 current LCU per US$ of GDP | 2 |
| 2010s | 0.0597 current LCU per US$ of GDP | 0.0522 current LCU per US$ of GDP | 0.0695 current LCU per US$ of GDP | 10 |
| 2020s | 0.0594 current LCU per US$ of GDP | 0.0594 current LCU per US$ of GDP | 0.0594 current LCU per US$ of GDP | 1 |
Countries ranked near Marshall Islands
- 140 Ecuador 0.0652 current LCU per US$ of GDP compare
- 141 Australia 0.0652 current LCU per US$ of GDP compare
- 142 Andorra 0.0627 current LCU per US$ of GDP
- 144 Germany 0.0551 current LCU per US$ of GDP compare
- 145 Ireland 0.0544 current LCU per US$ of GDP compare
- 146 Naoero 0.0532 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 taxes on goods and services (current lcu), per unit of gdp in Marshall Islands?
- Taxes on goods and services (current lcu), per unit of gdp in Marshall Islands was 0.0594 current LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Marshall Islands?
- The highest recorded value was 0.0695 current LCU per US$ of GDP in 2019.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Marshall Islands?
- The lowest recorded value was 0.0522 current LCU per US$ of GDP in 2011.
- How does Marshall Islands rank for taxes on goods and services (current lcu), per unit of gdp?
- Marshall Islands ranks 143rd out of 157 countries with data for 2020.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Marshall Islands?
- Over the last ten years it is up 3.4%. The long-run trend across the full record is rising.
- 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services 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
Taxes on goods and services (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.