Tax revenue in Palau
Palau: Tax revenue was 46.83 million current LCU in 2020. ▲ Rising
Tax revenue in Palau, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for tax revenue in Palau is 46.83 million current LCU, measured in 2020.
That represents a change of down 9.6% on the previous year and up 49.9% over ten years.
Over the whole period, tax revenue in Palau peaked at 60.46 million current LCU in 2018 and was at its lowest, 29.30 million current LCU, in 2009.
Palau ranks 154th of 157 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 31.10 million current LCU | 29.30 million current LCU | 32.90 million current LCU | 2 |
| 2010s | 47.82 million current LCU | 31.23 million current LCU | 60.46 million current LCU | 10 |
| 2020s | 46.83 million current LCU | 46.83 million current LCU | 46.83 million current LCU | 1 |
Countries ranked near Palau
More public sector data for Palau
- Tax revenue 18.1% (2020)
- Taxes on income, profits and capital gains 8.8% (2020)
- Taxes on goods and services 14.2% (2020)
- Net investment in nonfinancial assets 6.4% (2020)
- Net lending (+) / net borrowing (-) -9.5% (2020)
- Interest payments 0.6% (2020)
- Grants and other revenue 63.3% (2020)
- Interest payments 0.5% (2020)
- Other taxes 1.4% (2020)
- Compensation of employees 31.0% (2020)
Frequently asked questions
- What is tax revenue in Palau?
- Tax revenue in Palau was 46.83 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Palau?
- The highest recorded value was 60.46 million current LCU in 2018.
- What is the lowest tax revenue recorded in Palau?
- The lowest recorded value was 29.30 million current LCU in 2009.
- How does Palau rank for tax revenue?
- Palau ranks 154th out of 157 countries with data for 2020.
- Is tax revenue rising or falling in Palau?
- Over the last ten years it is up 49.9%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.