Micronesia: Fiscal freedom

(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series

Micronesia: Fiscal freedom index (0-100)

: For that indicator, The Heritage Foundation provides data for Micronesia from 2009 to 2019. The average value for Micronesia during that period was 95 points with a minimum of 91 points in 2017 and a maximum of 98 points in 2010. The latest value from 2019 is 93 points. For comparison, the world average in 2019 based on 178 countries is 77 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The Fiscal Freedom index for Micronesia from The Heritage Foundation reflects the tax burden imposed by the government, including the direct taxes on individuals and corporations and the overall amount of tax revenue as a a share of GDP.

Definition: The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.
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