Taxes on international trade in Palau
Palau: Taxes on international trade was 12.3% in 2020. ▲ Rising
Taxes on international trade in Palau, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
The most recent figure for taxes on international trade in Palau is 12.3%, measured in 2020.
Compared with earlier readings it is up 9.4% on the previous year and up 36.4% over ten years.
Over the whole period, taxes on international trade in Palau peaked at 13.0% in 2017 and was at its lowest, 8.4%, in 2011.
That places Palau 31st out of 154 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Taxes on international trade in Palau, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 10.7% | — |
| 2009 | 9.8% | -7.6% |
| 2010 | 9.0% | -8.1% |
| 2011 | 8.4% | -6.7% |
| 2012 | 9.9% | +17.8% |
| 2013 | 10.5% | +5.3% |
| 2014 | 10.8% | +3.5% |
| 2015 | 12.6% | +15.9% |
| 2016 | 12.7% | +1.3% |
| 2017 | 13.0% | +2.2% |
| 2018 | 12.4% | -4.8% |
| 2019 | 11.3% | -8.8% |
| 2020 | 12.3% | +9.4% |
Palau compared with similar countries
- Palau's 12.3% is above the median for high income countries, which is 0.4%, 27.7× the median. (55 countries reporting)
- Palau's 12.3% is above the median for East Asia & Pacific, which is 4.5%, 2.7× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.3% | 9.8% | 10.7% | 2 |
| 2010s | 11.1% | 8.4% | 13.0% | 10 |
| 2020s | 12.3% | 12.3% | 12.3% | 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 international trade in Palau?
- Taxes on international trade in Palau was 12.3% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Palau?
- The highest recorded value was 13.0% in 2017.
- What is the lowest taxes on international trade recorded in Palau?
- The lowest recorded value was 8.4% in 2011.
- How does Palau rank for taxes on international trade?
- Palau ranks 31st out of 154 countries with data for 2020.
- Is taxes on international trade rising or falling in Palau?
- Over the last ten years it is up 36.4%. 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 Taxes on international trade (% 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
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.