Taxes on income, profits and capital gains in Marshall Islands
Marshall Islands: Taxes on income, profits and capital gains was 39.9% in 2020. ▬ Flat
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 total taxes.
Analysis
Marshall Islands recorded 39.9% for taxes on income, profits and capital gains in 2020.
That represents a change of up 6.4% on the previous year and up 5.5% over ten years.
Over the whole period, taxes on income, profits and capital gains in Marshall Islands peaked at 40.3% in 2009 and was at its lowest, 37.3%, in 2011.
Marshall Islands ranks 63rd of 153 countries on this measure, in the middle of the range.
Taxes on income, profits and capital gains in Marshall Islands, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 2008 | 38.7% | — |
| 2009 | 40.3% | +3.9% |
| 2010 | 37.9% | -6.0% |
| 2011 | 37.3% | -1.6% |
| 2012 | 38.1% | +2.2% |
| 2013 | 38.6% | +1.4% |
| 2014 | 39.0% | +1.1% |
| 2015 | 37.3% | -4.3% |
| 2016 | 39.4% | +5.5% |
| 2017 | 39.3% | -0.4% |
| 2018 | 38.2% | -2.6% |
| 2019 | 37.5% | -1.8% |
| 2020 | 39.9% | +6.4% |
Marshall Islands compared with similar countries
- Marshall Islands's 39.9% is above the median for upper middle income countries, which is 37.1%, 1.1× the median. (48 countries reporting)
- Marshall Islands's 39.9% is above the median for East Asia & Pacific, which is 39.9%, 1.0× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.5% | 38.7% | 40.3% | 2 |
| 2010s | 38.3% | 37.3% | 39.4% | 10 |
| 2020s | 39.9% | 39.9% | 39.9% | 1 |
Countries ranked near Marshall Islands
- 60 Mali 40.7% compare
- 61 Philippines 40.3% compare
- 62 El Salvador 40.2% compare
- 64 Thailand 39.9% compare
- 65 Azerbaijan 39.4% compare
- 66 Estonia 39.4% compare
More public sector data for Marshall Islands
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
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 39.9% 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 Marshall Islands?
- The highest recorded value was 40.3% in 2009.
- What is the lowest taxes on income, profits and capital gains recorded in Marshall Islands?
- The lowest recorded value was 37.3% in 2011.
- How does Marshall Islands rank for taxes on income, profits and capital gains?
- Marshall Islands ranks 63rd 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 5.5%. The long-run trend across the full record is flat.
- 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.