
Micronesia: Government spending, percent of GDP
* indicates monthly or quarterly data series
Micronesia |
Government spending as percent of GDP |
---|---|
Latest value | 73.83 |
Year | 1983 |
Measure | percent |
Data availability | 1983 - 1983 |
Average | 73.83 |
Min - Max | 73.83 - 73.83 |
Source | The World Bank |
The latest value from 1983 is 73.83 percent, unavailable from percent in . In comparison, the world average is 17.18 percent, based on data from 120 countries. Historically, the average for Micronesia from 1983 to 1983 is 73.83 percent. The minimum value, 73.83 percent, was reached in 1983 while the maximum of 73.83 percent was recorded in 1983.
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The value of that indicator for 1983 is 73.83 percent.
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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.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 73.83 | 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 | 7.05 | 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 | 150.39 | 2022 | million U.S. dollars |