Taxes on goods and services (current LCU) in Marshall Islands
Marshall Islands: Taxes on goods and services (current LCU) was 14.36 million current LCU in 2020. ▲ Rising
Taxes on goods and services in Marshall Islands, 2008–2020
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 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 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 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.
Taxes on goods and services (current LCU) in Marshall Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2008 | 7.90 million current LCU | — |
| 2009 | 8.69 million current LCU | +10.0% |
| 2010 | 9.25 million current LCU | +6.5% |
| 2011 | 8.99 million current LCU | -2.8% |
| 2012 | 10.45 million current LCU | +16.2% |
| 2013 | 10.51 million current LCU | +0.6% |
| 2014 | 10.58 million current LCU | +0.7% |
| 2015 | 11.07 million current LCU | +4.6% |
| 2016 | 11.90 million current LCU | +7.5% |
| 2017 | 13.04 million current LCU | +9.5% |
| 2018 | 14.54 million current LCU | +11.5% |
| 2019 | 16.18 million current LCU | +11.3% |
| 2020 | 14.36 million current LCU | -11.2% |
Marshall Islands compared with similar countries
- Marshall Islands's 14.36 million current LCU is below the median for upper middle income countries, which is 103.35 billion current LCU, 0% of the median. (48 countries reporting)
- Marshall Islands's 14.36 million current LCU is below the median for East Asia & Pacific, which is 34.13 billion current LCU, 0% of the median. (26 countries reporting)
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
More public sector data for Marshall Islands
- 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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on goods and services in Marshall Islands?
- Taxes on goods and services in Marshall Islands 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?
- 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?
- The lowest recorded value was 7.90 million current LCU in 2008.
- How does Marshall Islands rank for taxes on goods and services?
- Marshall Islands ranks 153rd out of 157 countries with data for 2020.
- Is taxes on goods and services rising or falling in Marshall Islands?
- 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 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
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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.