Taxes on incomes of individuals and corporations as share of GDP in Micronesia, Federated States of
Micronesia, Federated States of: Taxes on incomes of individuals and corporations as share of GDP was 7.2% in 2023. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Micronesia, Federated States of, 1989–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
Micronesia, Federated States of recorded 7.2% for taxes on incomes of individuals and corporations as share of gdp in 2023.
That represents a change of down 40.2% on the previous year and down 23.7% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Micronesia, Federated States of peaked at 29.6% in 2018 and was at its lowest, 5.6%, in 2021.
That places Micronesia, Federated States of 76th out of 184 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Micronesia, Federated States of, year by year
| Year | % | Change |
|---|---|---|
| 1989 | 9.3% | — |
| 1990 | 10.5% | +13.9% |
| 1991 | 9.8% | -6.9% |
| 1992 | 10.2% | +4.1% |
| 1993 | 9.8% | -4.2% |
| 1994 | 9.4% | -4.5% |
| 1995 | 8.2% | -12.6% |
| 1996 | 9.7% | +18.8% |
| 1997 | 10.1% | +3.9% |
| 1998 | 12.0% | +19.1% |
| 1999 | 8.1% | -32.9% |
| 2000 | 8.6% | +6.2% |
| 2001 | 7.8% | -9.0% |
| 2002 | 7.9% | +0.8% |
| 2003 | 7.4% | -5.5% |
| 2004 | 8.6% | +16.4% |
| 2005 | 8.4% | -3.1% |
| 2006 | 8.5% | +1.7% |
| 2007 | 7.8% | -8.2% |
| 2008 | 8.1% | +3.6% |
| 2009 | 8.2% | +1.0% |
| 2010 | 8.7% | +5.8% |
| 2011 | 8.9% | +2.7% |
| 2012 | 8.8% | -1.1% |
| 2013 | 9.4% | +7.2% |
| 2014 | 16.6% | +76.0% |
| 2015 | 9.6% | -42.3% |
| 2016 | 9.9% | +3.7% |
| 2017 | 14.2% | +43.2% |
| 2018 | 29.6% | +108.1% |
| 2019 | 24.1% | -18.7% |
| 2020 | 10.6% | -56.1% |
| 2021 | 5.6% | -47.1% |
| 2022 | 12.0% | +115.1% |
| 2023 | 7.2% | -40.2% |
Micronesia, Federated States of compared with similar countries
- Micronesia, Federated States of's 7.2% is above the median for upper middle income countries, which is 5.7%, 1.3× the median. (54 countries reporting)
- Micronesia, Federated States of's 7.2% is above the median for East Asia & Pacific, which is 6.9%, 1.0× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Taxes on incomes of individuals and corporations as share of GDP in Micronesia, Federated States of changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +115.1% | 5.6% | 12.0% |
| 2018 | +108.1% | 14.2% | 29.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.3% | 9.3% | 9.3% | 1 |
| 1990s | 9.8% | 8.1% | 12.0% | 10 |
| 2000s | 8.1% | 7.4% | 8.6% | 10 |
| 2010s | 14.0% | 8.7% | 29.6% | 10 |
| 2020s | 8.8% | 5.6% | 12.0% | 4 |
Countries ranked near Micronesia, Federated States of
More economy & growth data for Micronesia, Federated States of
- Manufacturing, value added (constant LCU), per capita 11.8 constant LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 19.1 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 232.87 current LCU per person (2025)
- Industry (including construction), value added (current LCU), per 0.0528 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), annual 12.46 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 232.87 current US$ per person (2025)
- Industry (including construction), value added (current US$), per 0.0528 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), annual 12.46 % change on previous year (2025)
- Manufacturing, value added (current US$), per capita 21.22 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.0048 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Micronesia, Federated States of?
- Taxes on incomes of individuals and corporations as share of gdp in Micronesia, Federated States of was 7.2% 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 Micronesia, Federated States of?
- The highest recorded value was 29.6% in 2018.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Micronesia, Federated States of?
- The lowest recorded value was 5.6% in 2021.
- How does Micronesia, Federated States of rank for taxes on incomes of individuals and corporations as share of gdp?
- Micronesia, Federated States of ranks 76th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Micronesia, Federated States of?
- Over the last ten years it is down 23.7%. The long-run trend across the full record is rising.
- Where does this Micronesia, Federated States of 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.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.