Micronesia - Tax revenue
Tax revenue (current LCU)
The value for Tax revenue (current LCU) in Micronesia was 78,460,060 as of 2019. As the graph below shows, over the past 11 years this indicator reached a maximum value of 101,272,000 in 2018 and a minimum value of 11,283,710 in 2008.
Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 2008 | 11,283,710 |
| 2009 | 12,321,360 |
| 2010 | 13,840,970 |
| 2011 | 15,453,240 |
| 2012 | 16,008,360 |
| 2013 | 17,340,660 |
| 2014 | 40,049,590 |
| 2015 | 17,148,190 |
| 2016 | 19,947,510 |
| 2017 | 38,162,240 |
| 2018 | 101,272,000 |
| 2019 | 78,460,060 |
Tax revenue (% of GDP)
Tax revenue (% of GDP) in Micronesia was 19.23 as of 2019. Its highest value over the past 11 years was 25.20 in 2018, while its lowest value was 4.29 in 2008.
Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 2008 | 4.29 |
| 2009 | 4.40 |
| 2010 | 4.66 |
| 2011 | 4.96 |
| 2012 | 4.89 |
| 2013 | 5.47 |
| 2014 | 12.54 |
| 2015 | 5.42 |
| 2016 | 6.00 |
| 2017 | 10.41 |
| 2018 | 25.20 |
| 2019 | 19.23 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
