Micronesia: Fiscal freedom

* indicates monthly or quarterly data series
 Micronesia

Fiscal freedom index (0-100)

 Latest value 100
 Year 2024
 Measure points
 Data availability 2009 - 2024
 Average 96
 Min - Max 88 - 100
 Source The Heritage Foundation
For that indicator, we provide data for Micronesia from 2009 to 2024. The average value for Micronesia during that period was 96 points with a minimum of 88 points in 2021 and a maximum of 100 points in 2022. The latest value from 2024 is 100 points. For comparison, the world average in 2024 based on 174 countries is 52 points. 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 freedom - Recent values chart

Historical chart
Micronesia - Fiscal freedom - historical chart - 2009-2024




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.


 Related indicators Latest value Reference Measure
 Property rights 65 2024 points
 Freedom from corruption 57 2024 points
 Fiscal freedom 100 2024 points
 Business freedom 53 2024 points
 Labor freedom 73 2024 points
 Monetary freedom 77.60 2024 points
 Trade freedom 75 2024 points
 Investment freedom 35 2024 points
 Financial freedom 30 2024 points
 Economic freedom, overall index 61 2024 index points
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