Other taxes in Palau
Palau: Other taxes was 1.4% in 2020. ▲ Rising
Other taxes in Palau, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2020, other taxes in Palau stood at 1.4%. That is the lowest value across all 13 years on record.
The figure is down 25.3% on the previous year and down 22.9% over ten years.
Over the whole period, other taxes in Palau peaked at 2.0% in 2017 and was at its lowest, 1.4%, in 2020.
Palau ranks 58th of 148 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Other taxes in Palau, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 1.8% | — |
| 2009 | 1.6% | -8.2% |
| 2010 | 1.8% | +7.3% |
| 2011 | 1.5% | -17.7% |
| 2012 | 1.7% | +15.0% |
| 2013 | 1.4% | -17.9% |
| 2014 | 1.5% | +6.0% |
| 2015 | 1.8% | +21.5% |
| 2016 | 2.0% | +12.9% |
| 2017 | 2.0% | +0.6% |
| 2018 | 2.0% | -2.1% |
| 2019 | 1.8% | -7.3% |
| 2020 | 1.4% | -25.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.7% | 1.6% | 1.8% | 2 |
| 2010s | 1.7% | 1.4% | 2.0% | 10 |
| 2020s | 1.4% | 1.4% | 1.4% | 1 |
Countries ranked near Palau
- 55 Seychelles 1.5%
- 56 Macau, China 1.5% compare
- 57 South Africa 1.4% compare
- 59 Saint Kitts and Nevis 1.3% compare
- 60 Dominican Republic 1.3% compare
- 61 Bangladesh 1.3% 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)
- Compensation of employees 31.0% (2020)
- Goods and services expense 18.4% (2020)
Frequently asked questions
- What is other taxes in Palau?
- Other taxes in Palau was 1.4% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other taxes recorded in Palau?
- The highest recorded value was 2.0% in 2017.
- What is the lowest other taxes recorded in Palau?
- The lowest recorded value was 1.4% in 2020.
- How does Palau rank for other taxes?
- Palau ranks 58th out of 148 countries with data for 2020.
- Is other taxes rising or falling in Palau?
- Over the last ten years it is down 22.9%. 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 Other taxes (% of revenue). 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
Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes. 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.