Micronesia, Federated States of Tax Revenue

Tax revenue as % of GDP  GC.TAX.TOTL.GD.ZS

7.03% −12.88% (-64.7%)
Year 2020 Rank #7 Global Peak 25.83% (2018) Source World Bank

Micronesia, Federated States of Tax Revenue (2008–2020)

Overview

Micronesia, Federated States of's tax revenue stood at 7.03% in 2020, a decline of +12.88% from 2019. Micronesia, Federated States of ranked 7th globally.

Data & projection

Year Tax Revenue YoY change Rank
2020 7.03% −12.88% #7
2019 19.91% −5.92% #93
2018 25.83% +15.20% #130
2017 10.63% +4.49% #24
2016 6.14% +0.61% #5
2015 5.53% −7.23% #6
2014 12.75% +7.21% #39
2013 5.54% +0.58% #5
2012 4.96% −0.08% #5
2011 5.04% +0.27% #5
2010 4.76% +0.28% #3
2009 4.49% +0.11% #2
2008 4.37% #2

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +10.1% GDP growth 3.1% C/A balance 2.3%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Micronesia, Federated States of matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw tax revenue improve within 24 months. View full analysis →

Frequently Asked Questions

What is Micronesia, Federated States of's tax revenue?

Micronesia, Federated States of's tax revenue was 7.03% in 2020. Ranked 7th globally. This represents a 64.7% decrease from the previous year.

What was the highest tax revenue in Micronesia, Federated States of?

Micronesia, Federated States of's tax revenue peaked at 25.83% in 2018.

What was the lowest tax revenue in Micronesia, Federated States of?

The lowest tax revenue in Micronesia, Federated States of was 4.37% in 2008.

How does Micronesia, Federated States of rank in tax revenue?

Micronesia, Federated States of ranks 7th globally in tax revenue as of 2020.

What is the World Bank indicator code for tax revenue?

The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.

What is the tax revenue of Micronesia, Federated States of in 2020?

The tax revenue of Micronesia, Federated States of in 2020 was 7.03%. This ranks 7th in the world.

Cite this page

APA
Micronesia, Federated States of Tax Revenue. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/micronesia-federated-states-of/tax-revenue
BibTeX
@misc{historysaid_micronesia-federated-states-of_tax-revenue, title = {Micronesia, Federated States of Tax Revenue}, url = {https://historysaid.com/micronesia-federated-states-of/tax-revenue}, publisher = {HistorySaid}, year = {2026} }