Micronesia: Taxes on goods and services

* indicates monthly or quarterly data series
 Micronesia

Taxes on goods and services, percent of total revenue

 Latest value 3.40
 Year 2020
 Measure percent
 Data availability 2008 - 2020
 Average 3.92
 Min - Max 2.77 - 5.72
 Source The World Bank
The latest value from 2020 is 3.4 percent, an increase from 2.9 percent in 2019. In comparison, the world average is 37.67 percent, based on data from 132 countries. Historically, the average for Micronesia from 2008 to 2020 is 3.92 percent. The minimum value, 2.77 percent, was reached in 2017 while the maximum of 5.72 percent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Micronesia - Taxes on goods and services - Recent values chart

Historical series
Micronesia - Taxes on goods and services - historical chart - 2008-2020




Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

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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
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