Government revenue in Micronesia (subregion) in 2020 — 50.76%. Since 2014, the indicator has risen by 7.41 pp.
2014–2020 · % of GDP
How the value compares with the world and the groups this territory belongs to: Micronesia (subregion)
| Year | % | Change, pp |
|---|---|---|
| 2020 | 50.76 | −4.22 pp |
| 2019 | 54.98 | +0.85 pp |
| 2018 | 54.13 | +7.31 pp |
| 2017 | 46.82 | +4.09 pp |
| 2016 | 42.74 | −3.72 pp |
| 2015 | 46.46 | +3.11 pp |
| 2014 | 43.35 | — |
Central government revenue excluding grants, as a percent of GDP. Beyond taxes it includes non-tax receipts: dividends of state-owned companies, revenue from the sale of extraction rights, duties and fees. That is why the difference between this indicator and tax revenue says something about the structure of a state: in commodity countries it is large, because a substantial part of the budget comes not from taxes but from rent.
Important: Grants are excluded deliberately: in the poorest countries foreign aid can make up a substantial part of the budget, and with it included the indicator would no longer measure the ability of a state to raise revenue.
Source: World Development Indicators (World Bank), license CC BY 4.0.
How much the state spends in a year — including wages, pensions, benefits and interest on debt.
Public Finance Budget balanceThe budget deficit or surplus as a percent of GDP. A negative value means spending exceeds revenue.
Public Finance Tax revenue (% of GDP)Taxes collected as a percent of GDP — the fiscal capacity of the state.
Public Finance Government debtGross general government debt as a percent of GDP.