Taxes on goods and services in Palau
Palau: Taxes on goods and services was 18.08 million current LCU in 2020. ▲ Rising
Taxes on goods and services in Palau, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Palau recorded 18.08 million current LCU for taxes on goods and services in 2020.
The figure is down 28.4% on the previous year and up 18.2% over ten years.
Over the whole period, taxes on goods and services in Palau peaked at 31.32 million current LCU in 2018 and was at its lowest, 13.89 million current LCU, in 2009.
Palau ranks 152nd 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 | 14.63 million current LCU | 13.89 million current LCU | 15.38 million current LCU | 2 |
| 2010s | 25.10 million current LCU | 15.29 million current LCU | 31.32 million current LCU | 10 |
| 2020s | 18.08 million current LCU | 18.08 million current LCU | 18.08 million current LCU | 1 |
Countries ranked near Palau
- 149 San Marino 147.33 million current LCU compare
- 150 East Timor 100.98 million current LCU compare
- 151 Kiribati 46.08 million current LCU compare
- 153 Marshall Islands 14.36 million current LCU compare
- 154 Nauru 8.93 million current LCU compare
- 155 Micronesia (country) 4.69 million current LCU compare
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 taxes on goods and services in Palau?
- Taxes on goods and services in Palau was 18.08 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Palau?
- The highest recorded value was 31.32 million current LCU in 2018.
- What is the lowest taxes on goods and services recorded in Palau?
- The lowest recorded value was 13.89 million current LCU in 2009.
- How does Palau rank for taxes on goods and services?
- Palau ranks 152nd out of 157 countries with data for 2020.
- Is taxes on goods and services rising or falling in Palau?
- Over the last ten years it is up 18.2%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.