Share of products from least-developed countries that have no tariff in Palau
Palau: Share of products from least-developed countries that have no tariff was 55.9% in 2024. ▲ Rising
Share of products from least-developed countries that have no tariff in Palau, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for share of products from least-developed countries that have no tariff in Palau is 55.9%, measured in 2024.
The figure is up 1.0% on the previous year and down 20.6% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in Palau peaked at 70.4% in 2015 and was at its lowest, 18.3%, in 2010.
That places Palau 166th out of 230 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Share of products from least-developed countries that have no tariff in Palau, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 37.6% | — |
| 2010 | 18.3% | -51.5% |
| 2015 | 70.4% | +285.4% |
| 2016 | 31.3% | -55.5% |
| 2017 | 55.3% | +76.6% |
| 2018 | 56.2% | +1.7% |
| 2019 | 55.1% | -2.1% |
| 2020 | 46.0% | -16.5% |
| 2021 | 45.7% | -0.7% |
| 2022 | 65.2% | +42.6% |
| 2023 | 55.3% | -15.1% |
| 2024 | 55.9% | +1.0% |
Palau compared with similar countries
- Palau's 55.9% is below the median for high income countries, which is 64.9%, 86% of the median. (80 countries reporting)
- Palau's 55.9% is below the median for East Asia & Pacific, which is 62.5%, 89% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.6% | 37.6% | 37.6% | 1 |
| 2010s | 47.8% | 18.3% | 70.4% | 6 |
| 2020s | 53.6% | 45.7% | 65.2% | 5 |
Countries ranked near Palau
More economy & growth data for Palau
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.69 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.5 Percent per annum (2029)
- Inflation of consumer prices -0.4% (2025)
- External balance on goods and services as a percent of GDP -40.4% (2024)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
Frequently asked questions
- What is share of products from least-developed countries that have no tariff in Palau?
- Share of products from least-developed countries that have no tariff in Palau was 55.9% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in Palau?
- The highest recorded value was 70.4% in 2015.
- What is the lowest share of products from least-developed countries that have no tariff recorded in Palau?
- The lowest recorded value was 18.3% in 2010.
- How does Palau rank for share of products from least-developed countries that have no tariff?
- Palau ranks 166th out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in Palau?
- Over the last ten years it is down 20.6%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).