Korea vs Palau: Taxes on goods and services
Taxes on goods and services over time
- Korea
- Palau
How they compare
Korea currently reports 17.0% against 14.2% in Palau, a difference of 2.8%.
That makes Korea's figure about 1.2 times Palau's.
The two have swapped places 2 times across 13 shared years of data; in 2008 it was Korea ahead.
Korea ranks 137th and Palau ranks 139th of 156 countries.
Across the 3 decades both report, Korea averaged higher in 2 and Palau in 1.
Head to head by decade
| Decade | Korea | Palau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 27.0% | 18.2% | 8.8% | Korea |
| 2010s | 22.6% | 23.3% | 0.7% | Palau |
| 2020s | 19.6% | 14.2% | 5.4% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on goods and services, Korea or Palau?
- Korea, at 17.0% against 14.2% in Palau as of 2024.
- What is the difference in taxes on goods and services between Korea and Palau?
- 2.8%, with Korea ahead.
- How many years of comparable data are there for Korea and Palau?
- 13 years are reported by both, from 2008 to 2020.
- How do Korea and Palau rank globally for taxes on goods and services?
- Korea ranks 137th and Palau ranks 139th of 156 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on goods and services (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.