Tax revenue in Palau
Palau: Tax revenue was 18.1% in 2020. ▲ Rising
Tax revenue 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 tax revenue in Palau is 18.1%, measured in 2020.
Compared with earlier readings it is down 1.5% on the previous year and up 6.7% over ten years.
Over the whole period, tax revenue in Palau peaked at 21.0% in 2018 and was at its lowest, 15.9%, in 2009.
That places Palau 66th out of 157 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.
Tax revenue in Palau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 16.5% | — |
| 2009 | 15.9% | -3.7% |
| 2010 | 16.9% | +6.5% |
| 2011 | 17.8% | +4.9% |
| 2012 | 18.1% | +2.0% |
| 2013 | 18.3% | +1.0% |
| 2014 | 19.2% | +4.6% |
| 2015 | 20.0% | +4.2% |
| 2016 | 19.5% | -2.4% |
| 2017 | 19.6% | +0.7% |
| 2018 | 21.0% | +6.9% |
| 2019 | 18.4% | -12.4% |
| 2020 | 18.1% | -1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.2% | 15.9% | 16.5% | 2 |
| 2010s | 18.9% | 16.9% | 21.0% | 10 |
| 2020s | 18.1% | 18.1% | 18.1% | 1 |
Countries ranked near Palau
More public sector data for Palau
- 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)
- Goods and services expense 18.4% (2020)
Frequently asked questions
- What is tax revenue in Palau?
- Tax revenue in Palau was 18.1% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Palau?
- The highest recorded value was 21.0% in 2018.
- What is the lowest tax revenue recorded in Palau?
- The lowest recorded value was 15.9% in 2009.
- How does Palau rank for tax revenue?
- Palau ranks 66th out of 157 countries with data for 2020.
- Is tax revenue rising or falling in Palau?
- Over the last ten years it is up 6.7%. 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 Tax revenue (% 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
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.