Taxes less subsidies on products (constant LCU), per unit of GDP in Palau
Palau: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.0876 constant LCU per US$ of GDP in 2024. ▼ Falling
Taxes less subsidies on products (constant LCU), per unit of GDP in Palau, 2000–2024
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (constant lcu), per unit of gdp in Palau is 0.0876 constant LCU per US$ of GDP, measured in 2024.
That represents a change of up 0.1% on the previous year and down 35.3% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Palau peaked at 0.1504 constant LCU per US$ of GDP in 2004 and was at its lowest, 0.0874 constant LCU per US$ of GDP, in 2023.
Palau ranks 138th of 189 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Taxes less subsidies on products (constant LCU), per unit of GDP in Palau, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 2000 | 0.1444 constant LCU per US$ of GDP | — |
| 2001 | 0.1373 constant LCU per US$ of GDP | -4.9% |
| 2002 | 0.1309 constant LCU per US$ of GDP | -4.7% |
| 2003 | 0.1372 constant LCU per US$ of GDP | +4.8% |
| 2004 | 0.1504 constant LCU per US$ of GDP | +9.6% |
| 2005 | 0.1476 constant LCU per US$ of GDP | -1.9% |
| 2006 | 0.1408 constant LCU per US$ of GDP | -4.6% |
| 2007 | 0.1372 constant LCU per US$ of GDP | -2.5% |
| 2008 | 0.1457 constant LCU per US$ of GDP | +6.2% |
| 2009 | 0.1458 constant LCU per US$ of GDP | +0.1% |
| 2010 | 0.1405 constant LCU per US$ of GDP | -3.6% |
| 2011 | 0.1436 constant LCU per US$ of GDP | +2.2% |
| 2012 | 0.1454 constant LCU per US$ of GDP | +1.3% |
| 2013 | 0.1345 constant LCU per US$ of GDP | -7.5% |
| 2014 | 0.1353 constant LCU per US$ of GDP | +0.5% |
| 2015 | 0.1168 constant LCU per US$ of GDP | -13.6% |
| 2016 | 0.1084 constant LCU per US$ of GDP | -7.2% |
| 2017 | 0.1081 constant LCU per US$ of GDP | -0.3% |
| 2018 | 0.1058 constant LCU per US$ of GDP | -2.1% |
| 2019 | 0.1036 constant LCU per US$ of GDP | -2.1% |
| 2020 | 0.1092 constant LCU per US$ of GDP | +5.4% |
| 2021 | 0.0965 constant LCU per US$ of GDP | -11.7% |
| 2022 | 0.0994 constant LCU per US$ of GDP | +3.0% |
| 2023 | 0.0874 constant LCU per US$ of GDP | -12.0% |
| 2024 | 0.0876 constant LCU per US$ of GDP | +0.1% |
Palau compared with similar countries
- Palau's 0.0876 constant LCU per US$ of GDP is below the median for high income countries, which is 0.0891 constant LCU per US$ of GDP, 98% of the median. (66 countries reporting)
- Palau's 0.0876 constant LCU per US$ of GDP is below the median for East Asia & Pacific, which is 0.1427 constant LCU per US$ of GDP, 61% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1417 constant LCU per US$ of GDP | 0.1309 constant LCU per US$ of GDP | 0.1504 constant LCU per US$ of GDP | 10 |
| 2010s | 0.1242 constant LCU per US$ of GDP | 0.1036 constant LCU per US$ of GDP | 0.1454 constant LCU per US$ of GDP | 10 |
| 2020s | 0.096 constant LCU per US$ of GDP | 0.0874 constant LCU per US$ of GDP | 0.1092 constant LCU per US$ of GDP | 5 |
Countries ranked near Palau
- 135 Bahamas 0.094 constant LCU per US$ of GDP compare
- 136 El Salvador 0.0925 constant LCU per US$ of GDP compare
- 137 Cyprus 0.0907 constant LCU per US$ of GDP compare
- 139 Latvia 0.0854 constant LCU per US$ of GDP compare
- 140 Slovenia 0.0837 constant LCU per US$ of GDP compare
- 141 Ghana 0.0835 constant LCU per US$ of GDP compare
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)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
- External balance on goods and services as a percent of GDP -40.4% (2024)
- Gdp worldbank constant usd, annual growth rate 6.29 % change on previous year (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Palau?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Palau was 0.0876 constant LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Palau?
- The highest recorded value was 0.1504 constant LCU per US$ of GDP in 2004.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Palau?
- The lowest recorded value was 0.0874 constant LCU per US$ of GDP in 2023.
- How does Palau rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Palau ranks 138th out of 189 countries with data for 2024.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Palau?
- Over the last ten years it is down 35.3%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- 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 less subsidies on products (constant 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.