Taxes on income, profits and capital gains in Marshall Islands
Marshall Islands: Taxes on income, profits and capital gains was 9.7% in 2020. ▼ Falling
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 % of revenue.
Analysis
In 2020, taxes on income, profits and capital gains in Marshall Islands stood at 9.7%. That is the lowest value across all 13 years on record.
That represents a change of down 11.7% on the previous year and down 9.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Marshall Islands peaked at 11.9% in 2012 and was at its lowest, 9.7%, in 2020.
Marshall Islands ranks 133rd of 153 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 13 years of available data.
Taxes on income, profits and capital gains in Marshall Islands, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 11.0% | — |
| 2009 | 11.5% | +4.1% |
| 2010 | 10.7% | -6.7% |
| 2011 | 10.9% | +2.2% |
| 2012 | 11.9% | +8.7% |
| 2013 | 11.6% | -2.3% |
| 2014 | 11.8% | +1.6% |
| 2015 | 11.0% | -7.1% |
| 2016 | 11.3% | +2.8% |
| 2017 | 10.2% | -9.9% |
| 2018 | 10.9% | +7.0% |
| 2019 | 11.0% | +0.8% |
| 2020 | 9.7% | -11.7% |
Marshall Islands compared with similar countries
- Marshall Islands's 9.7% is below the median for upper middle income countries, which is 22.7%, 43% of the median. (48 countries reporting)
- Marshall Islands's 9.7% is below the median for East Asia & Pacific, which is 22.7%, 43% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.2% | 11.0% | 11.5% | 2 |
| 2010s | 11.1% | 10.2% | 11.9% | 10 |
| 2020s | 9.7% | 9.7% | 9.7% | 1 |
Countries ranked near Marshall Islands
- 130 Micronesia, Federated States of 10.9% compare
- 131 Latvia 10.3% compare
- 132 Bosnia and Herzegovina 9.9% compare
- 134 Bolivia, Plurinational State of 9.6%
- 135 Argentina 9.1% compare
- 136 Tonga 8.9% compare
More public sector data for Marshall Islands
- Tax revenue 17.2% (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)
- Goods and services expense 25.9% (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 9.7% 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 11.9% in 2012.
- What is the lowest taxes on income, profits and capital gains recorded in Marshall Islands?
- The lowest recorded value was 9.7% in 2020.
- How does Marshall Islands rank for taxes on income, profits and capital gains?
- Marshall Islands ranks 133rd 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 down 9.6%. The long-run trend across the full record is falling.
- 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 (% 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
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.