Micronesia: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Micronesia

Fiscal balance, percent of GDP

 Latest value 4.46
 Year 2021
 Measure percent
 Data availability 1995 - 2021
 Average 2.58
 Min - Max -15.61 - 24.85
 Source International Monetary Fund (IMF)
For that indicator, we provide data for Micronesia from 1995 to 2021. The average value for Micronesia during that period was 2.58 percent with a minimum of -15.61 percent in 2004 and a maximum of 24.85 percent in 2018. The latest value from 2021 is 4.46 percent. For comparison, the world average in 2021 based on 171 countries is -4.02 percent. 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 values chart
Micronesia - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Micronesia - Fiscal balance, percent of GDP - historical chart - 1995-2021




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 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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