Taxes on international trade in Marshall Islands
Marshall Islands: Taxes on international trade was 5.4% in 2020. ▼ Falling
Taxes on international trade in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Marshall Islands recorded 5.4% for taxes on international trade in 2020. That is the lowest value across all 13 years on record.
The figure is down 14.2% on the previous year and down 29.2% over ten years.
Over the whole period, taxes on international trade in Marshall Islands peaked at 8.7% in 2008 and was at its lowest, 5.4%, in 2020.
That places Marshall Islands 64th out of 154 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 13 years of available data.
Taxes on international trade in Marshall Islands, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 8.7% | — |
| 2009 | 7.3% | -16.0% |
| 2010 | 7.6% | +4.5% |
| 2011 | 7.7% | +0.9% |
| 2012 | 7.2% | -6.0% |
| 2013 | 7.3% | +0.7% |
| 2014 | 7.1% | -3.2% |
| 2015 | 7.1% | +0.9% |
| 2016 | 6.7% | -6.5% |
| 2017 | 5.8% | -12.7% |
| 2018 | 6.1% | +4.0% |
| 2019 | 6.3% | +4.2% |
| 2020 | 5.4% | -14.2% |
Marshall Islands compared with similar countries
- Marshall Islands's 5.4% is above the median for upper middle income countries, which is 4.5%, 1.2× the median. (48 countries reporting)
- Marshall Islands's 5.4% is above the median for East Asia & Pacific, which is 4.5%, 1.2× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.0% | 7.3% | 8.7% | 2 |
| 2010s | 6.9% | 5.8% | 7.7% | 10 |
| 2020s | 5.4% | 5.4% | 5.4% | 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 international trade in Marshall Islands?
- Taxes on international trade in Marshall Islands was 5.4% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Marshall Islands?
- The highest recorded value was 8.7% in 2008.
- What is the lowest taxes on international trade recorded in Marshall Islands?
- The lowest recorded value was 5.4% in 2020.
- How does Marshall Islands rank for taxes on international trade?
- Marshall Islands ranks 64th out of 154 countries with data for 2020.
- Is taxes on international trade rising or falling in Marshall Islands?
- Over the last ten years it is down 29.2%. 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 international trade (% 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 international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.