Taxes on income, profits and capital gains in Marshall Islands
Marshall Islands: Taxes on income, profits and capital gains was 16.57 million current LCU in 2020. ▲ Rising
Taxes on income, profits and capital gains in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Marshall Islands recorded 16.57 million current LCU for taxes on income, profits and capital gains in 2020. That is the highest value across all 13 years on record.
That represents a change of up 1.9% on the previous year and up 53.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Marshall Islands peaked at 16.57 million current LCU in 2020 and was at its lowest, 10.81 million current LCU, in 2010.
Marshall Islands ranks 149th of 153 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 income, profits and capital gains in Marshall Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2008 | 10.98 million current LCU | — |
| 2009 | 11.20 million current LCU | +2.0% |
| 2010 | 10.81 million current LCU | -3.5% |
| 2011 | 10.94 million current LCU | +1.2% |
| 2012 | 11.27 million current LCU | +3.0% |
| 2013 | 11.87 million current LCU | +5.2% |
| 2014 | 11.51 million current LCU | -3.0% |
| 2015 | 11.91 million current LCU | +3.5% |
| 2016 | 13.80 million current LCU | +15.9% |
| 2017 | 14.78 million current LCU | +7.1% |
| 2018 | 15.07 million current LCU | +1.9% |
| 2019 | 16.26 million current LCU | +7.9% |
| 2020 | 16.57 million current LCU | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.09 million current LCU | 10.98 million current LCU | 11.20 million current LCU | 2 |
| 2010s | 12.82 million current LCU | 10.81 million current LCU | 16.26 million current LCU | 10 |
| 2020s | 16.57 million current LCU | 16.57 million current LCU | 16.57 million current LCU | 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 income, profits and capital gains in Marshall Islands?
- Taxes on income, profits and capital gains in Marshall Islands was 16.57 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Marshall Islands?
- The highest recorded value was 16.57 million current LCU in 2020.
- What is the lowest taxes on income, profits and capital gains recorded in Marshall Islands?
- The lowest recorded value was 10.81 million current LCU in 2010.
- How does Marshall Islands rank for taxes on income, profits and capital gains?
- Marshall Islands ranks 149th out of 153 countries with data for 2020.
- Is taxes on income, profits and capital gains rising or falling in Marshall Islands?
- Over the last ten years it is up 53.2%. 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 income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.