Net incurrence of liabilities, total (% of GDP) in Palau
Palau: Net incurrence of liabilities, total (% of GDP) was 20.3% in 2020. ◆ Volatile
Net incurrence of liabilities, total in Palau, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Palau is 20.3%, measured in 2020. That is the highest value across all 13 years on record.
Compared with earlier readings it is up 1,212.3% on the previous year and up 321.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Palau peaked at 20.3% in 2020 and was at its lowest, -3.4%, in 2013.
That places Palau 1st out of 136 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Palau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | -0.7% | — |
| 2009 | -0.7% | +0.3% |
| 2010 | 4.8% | -747.7% |
| 2011 | -3.2% | -167.1% |
| 2012 | 3.7% | -214.8% |
| 2013 | -3.4% | -192.8% |
| 2014 | 0.4% | -110.6% |
| 2015 | -1.8% | -586.9% |
| 2016 | 5.7% | -419.4% |
| 2017 | 1.6% | -71.7% |
| 2018 | 4.0% | +147.8% |
| 2019 | 1.5% | -61.0% |
| 2020 | 20.3% | +1212.3% |
Palau compared with similar countries
- Palau's 20.3% is above the median for high income countries, which is 3.5%, 5.9× the median. (41 countries reporting)
- Palau's 20.3% is above the median for East Asia & Pacific, which is 2.0%, 10.2× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.7% | -0.7% | -0.7% | 2 |
| 2010s | 1.3% | -3.4% | 5.7% | 10 |
| 2020s | 20.3% | 20.3% | 20.3% | 1 |
Countries ranked near Palau
More public sector data for Palau
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- 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)
Frequently asked questions
- What is net incurrence of liabilities, total in Palau?
- Net incurrence of liabilities, total in Palau was 20.3% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Palau?
- The highest recorded value was 20.3% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Palau?
- The lowest recorded value was -3.4% in 2013.
- How does Palau rank for net incurrence of liabilities, total?
- Palau ranks 1st out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Palau?
- Over the last ten years it is up 321.6%. The long-run trend across the full record is volatile.
- 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.