Goods and services expense in Palau
Palau: Goods and services expense was 18.4% 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 % of expense.
Analysis
Palau recorded 18.4% for goods and services expense in 2020. That is the lowest value across all 13 years on record.
Compared with earlier readings it is down 19.2% on the previous year and down 9.4% over ten years.
Over the whole period, goods and services expense in Palau peaked at 22.7% in 2019 and was at its lowest, 18.4%, in 2020.
That places Palau 53rd out of 154 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Goods and services expense in Palau, year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 20.2% | — |
| 2009 | 19.8% | -1.9% |
| 2010 | 20.3% | +2.2% |
| 2011 | 19.3% | -4.8% |
| 2012 | 19.0% | -1.6% |
| 2013 | 20.6% | +8.4% |
| 2014 | 21.9% | +6.1% |
| 2015 | 21.8% | -0.1% |
| 2016 | 21.0% | -3.8% |
| 2017 | 20.8% | -0.8% |
| 2018 | 22.7% | +9.1% |
| 2019 | 22.7% | +0.1% |
| 2020 | 18.4% | -19.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.0% | 19.8% | 20.2% | 2 |
| 2010s | 21.0% | 19.0% | 22.7% | 10 |
| 2020s | 18.4% | 18.4% | 18.4% | 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 goods and services expense in Palau?
- Goods and services expense in Palau was 18.4% 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 22.7% in 2019.
- What is the lowest goods and services expense recorded in Palau?
- The lowest recorded value was 18.4% in 2020.
- How does Palau rank for goods and services expense?
- Palau ranks 53rd out of 154 countries with data for 2020.
- Is goods and services expense rising or falling in Palau?
- Over the last ten years it is down 9.4%. 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 (% of expense). 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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.