Facts
- Tax revenue, % of GDP
- 7.0 % (2020)
- Tax revenue level
- Under 10% of GDP
- Taxes on income, profits and capital gains, % of revenue
- 57.5 % (2020)
- Taxes on goods and services, % of value added
- 1.7 % (2020)
- ISO code
- FSM
Sources: OECD Corporate Tax Statistics, OECD Tax Database, World Bank WDI (CC BY 4.0)
Tax revenue, % of GDP
| Period | Value |
|---|---|
| 2020 | 7.0 % |
| 2019 | 19.9 % |
| 2018 | 25.7 % |
| 2017 | 10.6 % |
| 2016 | 6.1 % |
| 2015 | 5.5 % |
| 2014 | 12.7 % |
| 2013 | 5.5 % |
| 2012 | 4.9 % |
| 2011 | 5.0 % |
| 2010 | 4.7 % |
| 2009 | 4.4 % |
Taxes on income, profits and capital gains, % of revenue
| Period | Value |
|---|---|
| 2020 | 57.5 % |
| 2019 | 84.9 % |
| 2018 | 87.9 % |
| 2017 | 71.2 % |
| 2016 | 51.5 % |
| 2015 | 48.6 % |
| 2014 | 79.2 % |
| 2013 | 47.6 % |
| 2012 | 40.4 % |
| 2011 | 38.0 % |
| 2010 | 31.1 % |
| 2009 | 28.5 % |
Taxes on goods and services, % of value added
| Period | Value |
|---|---|
| 2020 | 1.7 % |
| 2019 | 1.9 % |
| 2018 | 2.0 % |
| 2017 | 2.0 % |
| 2016 | 2.0 % |
| 2015 | 2.1 % |
| 2014 | 2.0 % |
| 2013 | 2.3 % |
| 2012 | 2.4 % |
| 2011 | 2.3 % |
| 2010 | 2.2 % |
| 2009 | 2.1 % |
Year by year · 13
| Country-year | Combined corporate income tax rate | Top statutory personal income tax rate | Tax revenue, % of GDP |
|---|---|---|---|
| Micronesia 2020 | — | — | 7.0 % |
| Micronesia 2019 | — | — | 19.9 % |
| Micronesia 2018 | — | — | 25.7 % |
| Micronesia 2017 | — | — | 10.6 % |
| Micronesia 2016 | — | — | 6.1 % |
| Micronesia 2015 | — | — | 5.5 % |
| Micronesia 2014 | — | — | 12.7 % |
| Micronesia 2013 | — | — | 5.5 % |
| Micronesia 2012 | — | — | 4.9 % |
| Micronesia 2011 | — | — | 5.0 % |
| Micronesia 2010 | — | — | 4.7 % |
| Micronesia 2009 | — | — | 4.4 % |
| Micronesia 2008 | — | — | 4.3 % |