Taxes on income, profits and capital gains (% of revenue) in Marshall Islands
Marshall Islands: Taxes on income, profits and capital gains (% of revenue) 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 (% of revenue) 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
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 goods and services 8.4% (2020)
- Net investment in nonfinancial assets 8.8% (2020)
- Net lending (+) / net borrowing (-) 5.0% (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.
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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.