Taxes on goods and services (current LCU), annual growth rate in Palau
Palau: Taxes on goods and services (current LCU), annual growth rate was -28.37 % change on previous year in 2020. ◆ Volatile
Taxes on goods and services (current LCU), annual growth rate in Palau, 2009–2020
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2020, taxes on goods and services (current lcu), annual growth rate in Palau stood at -28.37 % change on previous year. That is the lowest value across all 12 years on record.
That represents a change of down 46.0% on the previous year and down 381.1% over ten years.
Over the whole period, taxes on goods and services (current lcu), annual growth rate in Palau peaked at 23.86 % change on previous year in 2011 and was at its lowest, -28.37 % change on previous year, in 2020.
Palau ranks 156th of 156 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU), annual growth rate in Palau, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2009 | -9.67 % change on previous year | — |
| 2010 | 10.09 % change on previous year | -204.3% |
| 2011 | 23.86 % change on previous year | +136.5% |
| 2012 | 9.83 % change on previous year | -58.8% |
| 2013 | 11.45 % change on previous year | +16.5% |
| 2014 | 11.14 % change on previous year | -2.7% |
| 2015 | 20.15 % change on previous year | +80.9% |
| 2016 | -0.7048 % change on previous year | -103.5% |
| 2017 | -6.31 % change on previous year | +795.6% |
| 2018 | 8.76 % change on previous year | -238.9% |
| 2019 | -19.43 % change on previous year | -321.6% |
| 2020 | -28.37 % change on previous year | +46.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.67 % change on previous year | -9.67 % change on previous year | -9.67 % change on previous year | 1 |
| 2010s | 6.88 % change on previous year | -19.43 % change on previous year | 23.86 % change on previous year | 10 |
| 2020s | -28.37 % change on previous year | -28.37 % change on previous year | -28.37 % change on previous year | 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 taxes on goods and services (current lcu), annual growth rate in Palau?
- Taxes on goods and services (current lcu), annual growth rate in Palau was -28.37 % change on previous year in 2020, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), annual growth rate recorded in Palau?
- The highest recorded value was 23.86 % change on previous year in 2011.
- What is the lowest taxes on goods and services (current lcu), annual growth rate recorded in Palau?
- The lowest recorded value was -28.37 % change on previous year in 2020.
- How does Palau rank for taxes on goods and services (current lcu), annual growth rate?
- Palau ranks 156th out of 156 countries with data for 2020.
- Is taxes on goods and services (current lcu), annual growth rate rising or falling in Palau?
- Over the last ten years it is down 381.1%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 12 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.