Taxes on goods and services (current LCU), per unit of GDP in Palau
Palau: Taxes on goods and services (current LCU), per unit of GDP was 0.0698 current LCU per US$ of GDP in 2020. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Palau, 2008–2020
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2020, taxes on goods and services (current lcu), per unit of gdp in Palau stood at 0.0698 current LCU per US$ of GDP. That is the lowest value across all 13 years on record.
Compared with earlier readings it is down 22.0% on the previous year and down 15.9% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Palau peaked at 0.1093 current LCU per US$ of GDP in 2015 and was at its lowest, 0.0698 current LCU per US$ of GDP, in 2020.
Palau ranks 139th of 157 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Palau, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 2008 | 0.0773 current LCU per US$ of GDP | — |
| 2009 | 0.0755 current LCU per US$ of GDP | -2.3% |
| 2010 | 0.083 current LCU per US$ of GDP | +9.9% |
| 2011 | 0.0971 current LCU per US$ of GDP | +17.0% |
| 2012 | 0.0968 current LCU per US$ of GDP | -0.3% |
| 2013 | 0.1025 current LCU per US$ of GDP | +5.9% |
| 2014 | 0.105 current LCU per US$ of GDP | +2.5% |
| 2015 | 0.1093 current LCU per US$ of GDP | +4.1% |
| 2016 | 0.1013 current LCU per US$ of GDP | -7.3% |
| 2017 | 0.0993 current LCU per US$ of GDP | -2.0% |
| 2018 | 0.1087 current LCU per US$ of GDP | +9.4% |
| 2019 | 0.0895 current LCU per US$ of GDP | -17.6% |
| 2020 | 0.0698 current LCU per US$ of GDP | -22.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0764 current LCU per US$ of GDP | 0.0755 current LCU per US$ of GDP | 0.0773 current LCU per US$ of GDP | 2 |
| 2010s | 0.0992 current LCU per US$ of GDP | 0.083 current LCU per US$ of GDP | 0.1093 current LCU per US$ of GDP | 10 |
| 2020s | 0.0698 current LCU per US$ of GDP | 0.0698 current LCU per US$ of GDP | 0.0698 current LCU per US$ of GDP | 1 |
Countries ranked near Palau
- 136 France 0.0734 current LCU per US$ of GDP compare
- 137 Spain 0.0733 current LCU per US$ of GDP compare
- 138 Jordan 0.0727 current LCU per US$ of GDP compare
- 140 Ecuador 0.0652 current LCU per US$ of GDP compare
- 141 Australia 0.0652 current LCU per US$ of GDP compare
- 142 Andorra 0.0627 current LCU per US$ of GDP
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), per unit of gdp in Palau?
- Taxes on goods and services (current lcu), per unit of gdp in Palau was 0.0698 current LCU per US$ of GDP in 2020, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Palau?
- The highest recorded value was 0.1093 current LCU per US$ of GDP in 2015.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Palau?
- The lowest recorded value was 0.0698 current LCU per US$ of GDP in 2020.
- How does Palau rank for taxes on goods and services (current lcu), per unit of gdp?
- Palau ranks 139th out of 157 countries with data for 2020.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Palau?
- Over the last ten years it is down 15.9%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.