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Government Finance of the Marshall Islands

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

24.1% 47.6% 26.6%
  • Personal income taxes: 24.1%
  • Social security contributions: 47.6%
  • Payroll taxes: 1.1%
  • Property taxes: 0.6%
  • Goods and services taxes: 26.6%
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Personal income taxes
24.1%
Social security contributions
47.6%
Payroll taxes
1.1%
Property taxes
0.6%
Goods and services taxes
26.6%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 16.7% #174 / 184 2026
Government Gross Debt (Local currency - USD) 57M - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - USD) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -6.1% #158 / 189 2026
Fiscal Balance (Local currency - USD) -21M - 2026
Primary Fiscal Balance (% of GDP) -6% #168 / 182 2026
Primary Fiscal Balance (Local currency - USD) -21M - 2026

Revenue and Spending

Government Revenue (% of GDP) 76.4% #5 / 189 2026
Government Revenue (Local currency - USD) 261M - 2026
Government Spending (% of GDP) 82.5% #6 / 189 2026
Government Spending (Local currency - USD) 282M - 2026

International Reserves

Total Reserves (USD) No data - -

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