Taxes on goods and services in Marshall Islands, Republic of the
Marshall Islands, Republic of the: Taxes on goods and services was 14.36 million current LCU in 2020. β² Rising
Taxes on goods and services in Marshall Islands, Republic of the, 2008β2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, taxes on goods and services in Marshall Islands, Republic of the stood at 14.36 million current LCU.
Compared with earlier readings it is down 11.2% on the previous year and up 55.3% over ten years.
Over the whole period, taxes on goods and services in Marshall Islands, Republic of the peaked at 16.18 million current LCU in 2019 and was at its lowest, 7.90 million current LCU, in 2008.
That places Marshall Islands, Republic of the 153rd out of 157 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.30 million current LCU | 7.90 million current LCU | 8.69 million current LCU | 2 |
| 2010s | 11.65 million current LCU | 8.99 million current LCU | 16.18 million current LCU | 10 |
| 2020s | 14.36 million current LCU | 14.36 million current LCU | 14.36 million current LCU | 1 |
Countries ranked near Marshall Islands, Republic of the
- 150 Timor-Leste, Democratic Republic of 100.98 million current LCU compare
- 151 Kiribati 46.08 million current LCU compare
- 152 Palau, Republic of 18.08 million current LCU compare
- 154 Nauru, Republic of 8.93 million current LCU compare
- 155 Micronesia, Federated States of 4.69 million current LCU compare
- 156 Kuwait 1.00 million current LCU
More public sector data for Marshall Islands, Republic of the
- 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 in Marshall Islands, Republic of the?
- Taxes on goods and services in Marshall Islands, Republic of the was 14.36 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Marshall Islands, Republic of the?
- The highest recorded value was 16.18 million current LCU in 2019.
- What is the lowest taxes on goods and services recorded in Marshall Islands, Republic of the?
- The lowest recorded value was 7.90 million current LCU in 2008.
- How does Marshall Islands, Republic of the rank for taxes on goods and services?
- Marshall Islands, Republic of the ranks 153rd out of 157 countries with data for 2020.
- Is taxes on goods and services rising or falling in Marshall Islands, Republic of the?
- Over the last ten years it is up 55.3%. The long-run trend across the full record is rising.
- Where does this Marshall Islands, Republic of the data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.