Taxes on international trade (% of revenue) in Micronesia (country)
Micronesia (country): Taxes on international trade (% of revenue) was 4.5% in 2020. ▼ Falling
Taxes on international trade in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Micronesia (country) 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 (country) peaked at 6.6% in 2008 and was at its lowest, 3.0%, in 2018.
Micronesia (country) ranks 71st 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 (% of revenue) in Micronesia (country), 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% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 4.5% is below the median for upper middle income countries, which is 4.5%, 100% of the median. (48 countries reporting)
- Micronesia (country)'s 4.5% is above the median for East Asia & Pacific, which is 4.5%, 1.0× the median. (25 countries reporting)
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 (country)
- 68 Tonga 4.8% compare
- 69 El Salvador 4.7% compare
- 70 Guatemala 4.5% compare
- 72 Rwanda 4.4% compare
- 73 Uzbekistan 4.4% compare
- 74 North Macedonia 4.3% compare
More public sector data for Micronesia (country)
- 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)
- 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)
Frequently asked questions
- What is taxes on international trade in Micronesia (country)?
- Taxes on international trade in Micronesia (country) 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 (country)?
- The highest recorded value was 6.6% in 2008.
- What is the lowest taxes on international trade recorded in Micronesia (country)?
- The lowest recorded value was 3.0% in 2018.
- How does Micronesia (country) rank for taxes on international trade?
- Micronesia (country) ranks 71st out of 154 countries with data for 2020.
- Is taxes on international trade rising or falling in Micronesia (country)?
- Over the last ten years it is down 5.3%. The long-run trend across the full record is falling.
- Where does this Micronesia (country) 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.
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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.