Taxes on income, profits and capital gains in Micronesia, Federated States of
Micronesia, Federated States of: Taxes on income, profits and capital gains was 10.9% in 2020. ◆ Volatile
Taxes on income, profits and capital gains in Micronesia, Federated States of, 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 Micronesia, Federated States of stood at 10.9%.
That represents a change of down 69.2% on the previous year and up 164.7% over ten years.
Over the whole period, taxes on income, profits and capital gains in Micronesia, Federated States of peaked at 43.2% in 2018 and was at its lowest, 3.9%, in 2009.
Micronesia, Federated States of ranks 130th of 153 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains in Micronesia, Federated States of, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 5.9% | — |
| 2009 | 3.9% | -33.5% |
| 2010 | 4.1% | +5.0% |
| 2011 | 5.7% | +38.5% |
| 2012 | 5.4% | -5.0% |
| 2013 | 8.2% | +51.5% |
| 2014 | 27.8% | +237.4% |
| 2015 | 7.5% | -72.8% |
| 2016 | 8.0% | +6.2% |
| 2017 | 15.9% | +98.4% |
| 2018 | 43.2% | +171.7% |
| 2019 | 35.6% | -17.7% |
| 2020 | 10.9% | -69.2% |
Micronesia, Federated States of compared with similar countries
- Micronesia, Federated States of's 10.9% is below the median for upper middle income countries, which is 22.7%, 48% of the median. (48 countries reporting)
- Micronesia, Federated States of's 10.9% is below the median for East Asia & Pacific, which is 22.7%, 48% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.9% | 3.9% | 5.9% | 2 |
| 2010s | 16.2% | 4.1% | 43.2% | 10 |
| 2020s | 10.9% | 10.9% | 10.9% | 1 |
Countries ranked near Micronesia, Federated States of
- 127 Maldives 12.7% compare
- 128 Republic of Moldova 12.4% compare
- 129 Ecuador 12.3% compare
- 131 Latvia 10.3% compare
- 132 Bosnia and Herzegovina 9.9% compare
- 133 Marshall Islands 9.7% compare
More public sector data for Micronesia, Federated States of
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 62.15 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0158 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2023)
- Tax revenue 7.0% (2020)
- Taxes on goods and services 3.4% (2020)
- Net investment in nonfinancial assets 10.5% (2020)
- Net lending (+) / net borrowing (-) 6.9% (2020)
- Interest payments 0.4% (2020)
- Grants and other revenue 81.0% (2020)
Frequently asked questions
- What is taxes on income, profits and capital gains in Micronesia, Federated States of?
- Taxes on income, profits and capital gains in Micronesia, Federated States of was 10.9% 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 Micronesia, Federated States of?
- The highest recorded value was 43.2% in 2018.
- What is the lowest taxes on income, profits and capital gains recorded in Micronesia, Federated States of?
- The lowest recorded value was 3.9% in 2009.
- How does Micronesia, Federated States of rank for taxes on income, profits and capital gains?
- Micronesia, Federated States of ranks 130th out of 153 countries with data for 2020.
- Is taxes on income, profits and capital gains rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 164.7%. The long-run trend across the full record is volatile.
- Where does this Micronesia, Federated States of 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.