Taxes on goods and services in Marshall Islands
Marshall Islands: Taxes on goods and services was 7.2% 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 % value added of industry and services.
Analysis
Marshall Islands recorded 7.2% for taxes on goods and services in 2020.
The figure is down 12.4% on the previous year and up 8.6% over ten years.
Over the whole period, taxes on goods and services in Marshall Islands peaked at 8.2% in 2019 and was at its lowest, 6.0%, in 2008.
Marshall Islands ranks 107th of 154 countries on this measure, in the middle of the range.
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 | % value added of industry and services | Change |
|---|---|---|
| 2008 | 6.0% | — |
| 2009 | 6.4% | +6.2% |
| 2010 | 6.7% | +4.0% |
| 2011 | 6.3% | -5.3% |
| 2012 | 7.2% | +13.9% |
| 2013 | 6.9% | -3.7% |
| 2014 | 6.7% | -3.7% |
| 2015 | 6.9% | +4.1% |
| 2016 | 6.8% | -2.1% |
| 2017 | 7.2% | +5.9% |
| 2018 | 7.8% | +8.7% |
| 2019 | 8.2% | +5.7% |
| 2020 | 7.2% | -12.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.2% | 6.0% | 6.4% | 2 |
| 2010s | 7.1% | 6.3% | 8.2% | 10 |
| 2020s | 7.2% | 7.2% | 7.2% | 1 |
Countries ranked near Marshall Islands
More public sector data for Marshall Islands
- 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?
- Taxes on goods and services in Marshall Islands was 7.2% 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 8.2% in 2019.
- What is the lowest taxes on goods and services recorded in Marshall Islands?
- The lowest recorded value was 6.0% in 2008.
- How does Marshall Islands rank for taxes on goods and services?
- Marshall Islands ranks 107th out of 154 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 8.6%. 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 (% value added of industry and services). 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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.