Fiscal Freedom Index

Oceania Ranking

(0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1 ↑	Micronesia	100	2022	2	88
2 ↑	Kiribati	99	2022	7	71
3 ↑	Tonga	97	2022	4	85
4 ↑	Samoa	96	2022	5	80
4 ↓	Vanuatu	96	2022	1	97
6 ↑	New Zealand	88	2022	7	71
7 ↑	Solomon Islands	66	2021	9	66
8 ↓	Papua New Guinea	64	2022	6	72
9 ↑	Australia	52	2022	10	63
10 ↓	Fiji	9	2022	3	86

Definition of Fiscal Freedom Index

The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.