Taxes on goods and services in Marshall Islands
Marshall Islands: Taxes on goods and services 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 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% |
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 Timor-Leste 5.4% compare
- 150 Equatorial Guinea 4.0% compare
More public sector data for Marshall Islands
- 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)
- 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)
- Goods and services expense 25.9% (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.
Download this data
CSV · JSON — 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.