Micronesia, Federated States of Tax Revenue
Tax revenue as % of GDP GC.TAX.TOTL.GD.ZS
Micronesia, Federated States of's tax revenue was 7.03% in 2020, ranked 7th globally. This represents a 64.7% decrease from 2019. Data from World Bank, covering 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.
Micronesia’s tax revenue as a share of GDP rose sharply from 4.37 in 2008, the all‑time trough, to a peak of 25.83 in 2018 before easing to 7.03 in 2020, placing the federation at rank 7 globally for the latest year. The steep ascent during the 2010s outpaced most small island economies and brought Micronesia’s fiscal capacity close to that of Bangladesh (7.00) and Sri Lanka (7.78), which occupy similar positions in the World Bank ranking. The post‑peak decline to 7.03 reflects a reversal of the expansive tax reforms that drove the 2018 high, suggesting that the earlier surge was not sustainable without broader economic diversification. Continued reliance on external aid and limited domestic productive base imply that future tax‑to‑GDP ratios will likely remain modest unless structural reforms expand the tax base, improve compliance, and stimulate private‑sector growth, which could reignite a upward trajectory.
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
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
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.
Micronesia, Federated States of's tax revenue peaked at 25.83% in 2018.
The lowest tax revenue in Micronesia, Federated States of was 4.37% in 2008.
Micronesia, Federated States of ranks 7th globally in tax revenue as of 2020.
The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.
The tax revenue of Micronesia, Federated States of in 2020 was 7.03%. This ranks 7th in the world.
Cite this page
@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}
}