Taxes on international trade in Micronesia, Federated States of
Micronesia, Federated States of: Taxes on international trade was 4.5% in 2020. ▼ Falling
Taxes on international trade in Micronesia, Federated States of, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Micronesia, Federated States of recorded 4.5% for taxes on international trade in 2020.
That represents a change of up 38.4% on the previous year and down 5.3% over ten years.
Over the whole period, taxes on international trade in Micronesia, Federated States of peaked at 6.6% in 2008 and was at its lowest, 3.0%, in 2018.
Micronesia, Federated States of ranks 72nd of 154 countries on this measure, 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 Micronesia, Federated States of, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 6.6% | — |
| 2009 | 5.2% | -22.1% |
| 2010 | 4.8% | -7.9% |
| 2011 | 4.6% | -4.1% |
| 2012 | 3.7% | -19.1% |
| 2013 | 4.0% | +9.4% |
| 2014 | 3.3% | -17.4% |
| 2015 | 3.9% | +17.1% |
| 2016 | 3.9% | +1.2% |
| 2017 | 3.4% | -13.0% |
| 2018 | 3.0% | -13.8% |
| 2019 | 3.2% | +9.7% |
| 2020 | 4.5% | +38.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.9% | 5.2% | 6.6% | 2 |
| 2010s | 3.8% | 3.0% | 4.8% | 10 |
| 2020s | 4.5% | 4.5% | 4.5% | 1 |
Countries ranked near Micronesia, Federated States of
- 69 Tonga 4.8% compare
- 70 El Salvador 4.7% compare
- 71 Guatemala 4.5% compare
- 73 Morocco 4.4% compare
- 74 Uzbekistan 4.4% compare
- 75 North Macedonia 4.3% 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 income, profits and capital gains 10.9% (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)
Frequently asked questions
- What is taxes on international trade in Micronesia, Federated States of?
- Taxes on international trade in Micronesia, Federated States of was 4.5% 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 Micronesia, Federated States of?
- The highest recorded value was 6.6% in 2008.
- What is the lowest taxes on international trade recorded in Micronesia, Federated States of?
- The lowest recorded value was 3.0% in 2018.
- How does Micronesia, Federated States of rank for taxes on international trade?
- Micronesia, Federated States of ranks 72nd out of 154 countries with data for 2020.
- Is taxes on international trade rising or falling in Micronesia, Federated States of?
- Over the last ten years it is down 5.3%. The long-run trend across the full record is falling.
- 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 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.