Goods and services expense in Palau
Palau: Goods and services expense was 28.06 million current LCU in 2020. ▲ Rising
Goods and services expense in Palau, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, goods and services expense in Palau stood at 28.06 million current LCU. That is the highest value across all 13 years on record.
The figure is up 3.2% on the previous year and up 47.1% over ten years.
Over the whole period, goods and services expense in Palau peaked at 28.06 million current LCU in 2020 and was at its lowest, 19.07 million current LCU, in 2009.
That places Palau 154th out of 155 countries with data for 2020, putting it 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 | 19.75 million current LCU | 19.07 million current LCU | 20.42 million current LCU | 2 |
| 2010s | 23.79 million current LCU | 19.07 million current LCU | 27.20 million current LCU | 10 |
| 2020s | 28.06 million current LCU | 28.06 million current LCU | 28.06 million current LCU | 1 |
Countries ranked near Palau
- 151 Nauru 76.28 million current LCU compare
- 152 Marshall Islands 37.19 million current LCU compare
- 153 Micronesia (country) 28.76 million current LCU compare
- 155 Zimbabwe 289,333 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 goods and services expense in Palau?
- Goods and services expense in Palau was 28.06 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Palau?
- The highest recorded value was 28.06 million current LCU in 2020.
- What is the lowest goods and services expense recorded in Palau?
- The lowest recorded value was 19.07 million current LCU in 2009.
- How does Palau rank for goods and services expense?
- Palau ranks 154th out of 155 countries with data for 2020.
- Is goods and services expense rising or falling in Palau?
- Over the last ten years it is up 47.1%. 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 Goods and services expense (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
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.