Taxes on goods and services (% of revenue) in Marshall Islands
Marshall Islands: Taxes on goods and services (% of revenue) was 8.4% 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 % of revenue.
Analysis
The most recent figure for taxes on goods and services in Marshall Islands is 8.4%, measured in 2020.
The figure is down 23.1% on the previous year and down 8.4% over ten years.
Over the whole period, taxes on goods and services in Marshall Islands peaked at 11.0% in 2012 and was at its lowest, 7.9%, in 2008.
Marshall Islands ranks 147th of 156 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 (% of revenue) in Marshall Islands, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 7.9% | — |
| 2009 | 8.9% | +12.2% |
| 2010 | 9.2% | +2.9% |
| 2011 | 9.0% | -1.8% |
| 2012 | 11.0% | +22.6% |
| 2013 | 10.3% | -6.6% |
| 2014 | 10.9% | +5.4% |
| 2015 | 10.2% | -6.1% |
| 2016 | 9.7% | -4.6% |
| 2017 | 9.0% | -7.9% |
| 2018 | 10.5% | +17.0% |
| 2019 | 10.9% | +4.0% |
| 2020 | 8.4% | -23.1% |
Marshall Islands compared with similar countries
- Marshall Islands's 8.4% is below the median for upper middle income countries, which is 34.9%, 24% of the median. (48 countries reporting)
- Marshall Islands's 8.4% is below the median for East Asia & Pacific, which is 25.7%, 33% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.4% | 7.9% | 8.9% | 2 |
| 2010s | 10.1% | 9.0% | 11.0% | 10 |
| 2020s | 8.4% | 8.4% | 8.4% | 1 |
Countries ranked near Marshall Islands
- 144 Kiribati 11.8% compare
- 145 Angola 9.4% compare
- 146 Afghanistan 8.6% compare
- 148 Somalia 5.8%
- 149 East Timor 5.4% compare
- 150 Equatorial Guinea 4.0% compare
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)
- 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)
- Tax revenue 17.2% (2020)
- Taxes on income, profits and capital gains 9.7% (2020)
- Net investment in nonfinancial assets 8.8% (2020)
- Net lending (+) / net borrowing (-) 5.0% (2020)
Frequently asked questions
- What is taxes on goods and services in Marshall Islands?
- Taxes on goods and services in Marshall Islands was 8.4% 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 11.0% in 2012.
- What is the lowest taxes on goods and services recorded in Marshall Islands?
- The lowest recorded value was 7.9% in 2008.
- How does Marshall Islands rank for taxes on goods and services?
- Marshall Islands ranks 147th out of 156 countries with data for 2020.
- Is taxes on goods and services rising or falling in Marshall Islands?
- Over the last ten years it is down 8.4%. 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 (% of revenue). Statizoid updates them automatically from the source API.
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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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.