Taxes on goods and services (current LCU), per unit of GDP in Micronesia (country)
Micronesia (country): Taxes on goods and services (current LCU), per unit of GDP was 0.0126 current LCU per US$ of GDP in 2020. ▼ Falling
Taxes on goods and services (current LCU), per unit of GDP in Micronesia (country), 2008–2020
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
Micronesia (country) recorded 0.0126 current LCU per US$ of GDP for taxes on goods and services (current lcu), per unit of gdp in 2020. That is the lowest value across all 13 years on record.
The figure is down 8.5% on the previous year and down 14.7% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Micronesia (country) peaked at 0.0155 current LCU per US$ of GDP in 2013 and was at its lowest, 0.0126 current LCU per US$ of GDP, in 2020.
That places Micronesia (country) 153rd out of 157 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 13 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Micronesia (country), year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2008 | 0.0135 current LCU per US$ of GDP | — |
| 2009 | 0.0144 current LCU per US$ of GDP | +6.7% |
| 2010 | 0.0147 current LCU per US$ of GDP | +2.0% |
| 2011 | 0.0151 current LCU per US$ of GDP | +2.6% |
| 2012 | 0.0154 current LCU per US$ of GDP | +1.7% |
| 2013 | 0.0155 current LCU per US$ of GDP | +0.4% |
| 2014 | 0.0141 current LCU per US$ of GDP | -8.9% |
| 2015 | 0.0139 current LCU per US$ of GDP | -1.6% |
| 2016 | 0.0134 current LCU per US$ of GDP | -3.0% |
| 2017 | 0.0131 current LCU per US$ of GDP | -2.5% |
| 2018 | 0.0145 current LCU per US$ of GDP | +10.4% |
| 2019 | 0.0137 current LCU per US$ of GDP | -5.1% |
| 2020 | 0.0126 current LCU per US$ of GDP | -8.5% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 0.0126 current LCU per US$ of GDP is below the median for upper middle income countries, which is 1.74 current LCU per US$ of GDP, 1% of the median. (48 countries reporting)
- Micronesia (country)'s 0.0126 current LCU per US$ of GDP is below the median for East Asia & Pacific, which is 0.3173 current LCU per US$ of GDP, 4% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.014 current LCU per US$ of GDP | 0.0135 current LCU per US$ of GDP | 0.0144 current LCU per US$ of GDP | 2 |
| 2010s | 0.0143 current LCU per US$ of GDP | 0.0131 current LCU per US$ of GDP | 0.0155 current LCU per US$ of GDP | 10 |
| 2020s | 0.0126 current LCU per US$ of GDP | 0.0126 current LCU per US$ of GDP | 0.0126 current LCU per US$ of GDP | 1 |
Countries ranked near Micronesia (country)
- 150 Panama 0.0351 current LCU per US$ of GDP compare
- 151 East Timor 0.0315 current LCU per US$ of GDP compare
- 152 United Arab Emirates 0.0238 current LCU per US$ of GDP compare
- 154 Bahrain 0.0081 current LCU per US$ of GDP compare
- 155 United States 0.0037 current LCU per US$ of GDP compare
- 156 Kuwait 0 current LCU per US$ of GDP
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 taxes on goods and services (current lcu), per unit of gdp in Micronesia (country)?
- Taxes on goods and services (current lcu), per unit of gdp in Micronesia (country) was 0.0126 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 Micronesia (country)?
- The highest recorded value was 0.0155 current LCU per US$ of GDP in 2013.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Micronesia (country)?
- The lowest recorded value was 0.0126 current LCU per US$ of GDP in 2020.
- How does Micronesia (country) rank for taxes on goods and services (current lcu), per unit of gdp?
- Micronesia (country) ranks 153rd out of 157 countries with data for 2020.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Micronesia (country)?
- Over the last ten years it is down 14.7%. The long-run trend across the full record is falling.
- 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), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
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.