Taxes on international trade in Palau
Palau: Taxes on international trade was 15.77 million current LCU in 2020. ▲ Rising
Taxes on international trade in Palau, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, taxes on international trade in Palau stood at 15.77 million current LCU.
That represents a change of up 17.0% on the previous year and up 103.3% over ten years.
Over the whole period, taxes on international trade in Palau peaked at 15.87 million current LCU in 2016 and was at its lowest, 7.37 million current LCU, in 2011.
Palau ranks 134th of 155 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 | 8.28 million current LCU | 7.51 million current LCU | 9.04 million current LCU | 2 |
| 2010s | 12.01 million current LCU | 7.37 million current LCU | 15.87 million current LCU | 10 |
| 2020s | 15.77 million current LCU | 15.77 million current LCU | 15.77 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 taxes on international trade in Palau?
- Taxes on international trade in Palau was 15.77 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Palau?
- The highest recorded value was 15.87 million current LCU in 2016.
- What is the lowest taxes on international trade recorded in Palau?
- The lowest recorded value was 7.37 million current LCU in 2011.
- How does Palau rank for taxes on international trade?
- Palau ranks 134th out of 155 countries with data for 2020.
- Is taxes on international trade rising or falling in Palau?
- Over the last ten years it is up 103.3%. 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 international trade (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
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.