Taxes on incomes of individuals and corporations as share of GDP in Marshall Islands
Marshall Islands: Taxes on incomes of individuals and corporations as share of GDP was 6.3% in 2023. ▼ Falling
Latest (2023)
6.3%
Change on year
down 5.2%
World rank
89th
of 184 countries
All-time high
11.8%
in 1989
All-time low
6.2%
in 2014
Years of data
37
1986–2023
Taxes on incomes of individuals and corporations as share of GDP in Marshall Islands, 1986–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
Marshall Islands recorded 6.3% for taxes on incomes of individuals and corporations as share of gdp in 2023.
Compared with earlier readings it is down 5.2% on the previous year and down 2.1% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Marshall Islands peaked at 11.8% in 1989 and was at its lowest, 6.2%, in 2014.
Marshall Islands ranks 89th of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 37 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Marshall Islands, year by year
| Year | % | Change |
|---|---|---|
| 1986 | 11.6% | — |
| 1987 | 10.2% | -12.5% |
| 1988 | 9.3% | -8.5% |
| 1989 | 11.8% | +26.7% |
| 1990 | 8.5% | -28.2% |
| 1991 | 8.9% | +5.4% |
| 1992 | 11.5% | +29.4% |
| 1993 | 11.3% | -2.0% |
| 1994 | 10.4% | -8.3% |
| 1995 | 10.3% | -0.4% |
| 1996 | 11.2% | +8.1% |
| 1997 | 10.0% | -10.5% |
| 1998 | 9.4% | -6.2% |
| 2000 | 10.3% | +10.4% |
| 2001 | 10.9% | +5.3% |
| 2002 | 9.9% | -8.9% |
| 2003 | 11.8% | +18.5% |
| 2004 | 11.0% | -6.6% |
| 2005 | 10.7% | -2.3% |
| 2006 | 11.1% | +3.7% |
| 2007 | 11.4% | +2.5% |
| 2008 | 11.4% | +0.3% |
| 2009 | 7.4% | -35.1% |
| 2010 | 6.7% | -9.6% |
| 2011 | 6.3% | -5.5% |
| 2012 | 6.2% | -1.5% |
| 2013 | 6.4% | +2.5% |
| 2014 | 6.2% | -3.4% |
| 2015 | 6.5% | +4.6% |
| 2016 | 6.8% | +5.6% |
| 2017 | 6.9% | +1.1% |
| 2018 | 6.8% | -0.9% |
| 2019 | 7.0% | +1.9% |
| 2020 | 6.8% | -1.9% |
| 2021 | 6.7% | -1.8% |
| 2022 | 6.6% | -1.7% |
| 2023 | 6.3% | -5.2% |
Marshall Islands compared with similar countries
- Marshall Islands's 6.3% is above the median for upper middle income countries, which is 5.7%, 1.1× the median. (54 countries reporting)
- Marshall Islands's 6.3% is below the median for East Asia & Pacific, which is 6.9%, 90% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 10.7% | 9.3% | 11.8% | 4 |
| 1990s | 10.2% | 8.5% | 11.5% | 9 |
| 2000s | 10.6% | 7.4% | 11.8% | 10 |
| 2010s | 6.6% | 6.2% | 7.0% | 10 |
| 2020s | 6.6% | 6.3% | 6.8% | 4 |
Countries ranked near Marshall Islands
More economy & growth data for Marshall Islands
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.6305 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 13.36 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 46.01 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0469 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 355.78 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.99 % change on previous year (2024)
- General government final consumption expenditure (current US$), per 0.5453 current US$ per US$ of GDP (2024)
- General government final consumption expenditure (current US$), per 4,139 current US$ per person (2024)
- General government final consumption expenditure (current LCU) 2.99 % change on previous year (2024)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Marshall Islands?
- Taxes on incomes of individuals and corporations as share of gdp in Marshall Islands was 6.3% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Marshall Islands?
- The highest recorded value was 11.8% in 1989.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Marshall Islands?
- The lowest recorded value was 6.2% in 2014.
- How does Marshall Islands rank for taxes on incomes of individuals and corporations as share of gdp?
- Marshall Islands ranks 89th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Marshall Islands?
- Over the last ten years it is down 2.1%. The long-run trend across the full record is falling.
- Where does this Marshall Islands data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.