Tax revenue as a proportion of GDP in Micronesia (Federated States of)
Micronesia (Federated States of): Tax revenue as a proportion of GDP was 7.0% in 2020. ◆ Volatile
Tax revenue as a proportion of GDP in Micronesia (Federated States of), 2008–2020
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2020, tax revenue as a proportion of gdp in Micronesia (Federated States of) stood at 7.0%.
That represents a change of down 64.7% on the previous year and up 47.6% over ten years.
Over the whole period, tax revenue as a proportion of gdp in Micronesia (Federated States of) peaked at 25.8% in 2018 and was at its lowest, 4.4%, in 2008.
That places Micronesia (Federated States of) 154th out of 164 countries with data for 2020, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue as a proportion of GDP in Micronesia (Federated States of), year by year
| Year | Value | Change |
|---|---|---|
| 2008 | 4.4% | — |
| 2009 | 4.5% | +2.6% |
| 2010 | 4.8% | +6.2% |
| 2011 | 5.0% | +5.8% |
| 2012 | 5.0% | -1.6% |
| 2013 | 5.5% | +11.8% |
| 2014 | 12.8% | +130.1% |
| 2015 | 5.5% | -56.7% |
| 2016 | 6.1% | +11.0% |
| 2017 | 10.6% | +73.2% |
| 2018 | 25.8% | +143.0% |
| 2019 | 19.9% | -22.9% |
| 2020 | 7.0% | -64.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.4% | 4.4% | 4.5% | 2 |
| 2010s | 10.1% | 4.8% | 25.8% | 10 |
| 2020s | 7.0% | 7.0% | 7.0% | 1 |
Countries ranked near Micronesia (Federated States of)
More economy & growth data for Micronesia (Federated States of)
- Gross Domestic Product — Annual growth Standard Local Currency 6.2 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 140.24 million SLC (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.2474 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 0.7191 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.7 % (2024)
- Gross Domestic Product — Annual growth US$ 6.2 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 0.7191 % (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 338.76 million SLC (2024)
- Gross Domestic Product — Value US$ 488.5 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,317 USD (2024)
Frequently asked questions
- What is tax revenue as a proportion of gdp in Micronesia (Federated States of)?
- Tax revenue as a proportion of gdp in Micronesia (Federated States of) was 7.0% in 2020, according to United Nations Statistics Division, SDG Global Database.
- What is the highest tax revenue as a proportion of gdp recorded in Micronesia (Federated States of)?
- The highest recorded value was 25.8% in 2018.
- What is the lowest tax revenue as a proportion of gdp recorded in Micronesia (Federated States of)?
- The lowest recorded value was 4.4% in 2008.
- How does Micronesia (Federated States of) rank for tax revenue as a proportion of gdp?
- Micronesia (Federated States of) ranks 154th out of 164 countries with data for 2020.
- Is tax revenue as a proportion of gdp rising or falling in Micronesia (Federated States of)?
- Over the last ten years it is up 47.6%. The long-run trend across the full record is volatile.
- Where does this Micronesia (Federated States of) data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Tax revenue as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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