Micronesia: Government spending, percent of GDP

* indicates monthly or quarterly data series

Government spending as percent of GDP

 Latest value 58.31
 Year 1983
 Measure percent
 Data availability 1983 - 1983
 Average 58.31
 Min - Max 58.31 - 58.31
 Source The World Bank
For that indicator, we provide data for Micronesia from 1983 to 1983. The average value for Micronesia during that period was 58.31 percent with a minimum of 58.31 percent in 1983 and a maximum of 58.31 percent in 1983. The latest value from 1983 is 58.31 percent. For comparison, the world average in 1983 based on 120 countries is 17.14 percent. See the global rankings for that indicator or use the country comparator to compare trends over time. The value of that indicator for 1983 is 58.31 percent.
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* indicates monthly or quarterly data series

Recent values chart
Micronesia - Government spending, percent of GDP - Recent values chart

The government size of Micronesia and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 58.31 1983 percent
 Government spending, in dollars 0.06 1983 billion U.S. dollars
 Fiscal balance, percent of GDP 4.46 2021 percent
 Government debt 17.03 2021 percent
 Tax revenue 6.43 2020 percent
 Commercial tax rate 60.50 2019 percent
 Tax preparation time 128 2019 hours
 Number of taxes 21 2019 taxes
 Taxes on goods and services 3.40 2020 percent
 Taxes on international trade 4.50 2020 percent
 Income and profits taxes 10.94 2020 percent
 Foreign aid 130.76 2021 million U.S. dollars
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