Taxes less subsidies on products in Palau
Palau: Taxes less subsidies on products was 28.15 million constant LCU in 2024. ▲ Rising
Taxes less subsidies on products in Palau, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for taxes less subsidies on products in Palau is 28.15 million constant LCU, measured in 2024.
That represents a change of up 16.6% on the previous year and down 15.2% over ten years.
Over the whole period, taxes less subsidies on products in Palau peaked at 33.20 million constant LCU in 2014 and was at its lowest, 21.20 million constant LCU, in 2003.
That places Palau 178th out of 187 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Taxes less subsidies on products in Palau, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2000 | 21.59 million constant LCU | — |
| 2001 | 21.90 million constant LCU | +1.4% |
| 2002 | 21.29 million constant LCU | -2.8% |
| 2003 | 21.20 million constant LCU | -0.4% |
| 2004 | 25.02 million constant LCU | +18.0% |
| 2005 | 27.40 million constant LCU | +9.5% |
| 2006 | 26.86 million constant LCU | -2.0% |
| 2007 | 26.90 million constant LCU | +0.1% |
| 2008 | 28.99 million constant LCU | +7.8% |
| 2009 | 26.84 million constant LCU | -7.4% |
| 2010 | 25.90 million constant LCU | -3.5% |
| 2011 | 28.02 million constant LCU | +8.2% |
| 2012 | 31.25 million constant LCU | +11.5% |
| 2013 | 30.44 million constant LCU | -2.6% |
| 2014 | 33.20 million constant LCU | +9.1% |
| 2015 | 33.08 million constant LCU | -0.4% |
| 2016 | 32.88 million constant LCU | -0.6% |
| 2017 | 31.35 million constant LCU | -4.6% |
| 2018 | 30.49 million constant LCU | -2.7% |
| 2019 | 29.21 million constant LCU | -4.2% |
| 2020 | 28.29 million constant LCU | -3.1% |
| 2021 | 22.77 million constant LCU | -19.5% |
| 2022 | 24.60 million constant LCU | +8.0% |
| 2023 | 24.15 million constant LCU | -1.8% |
| 2024 | 28.15 million constant LCU | +16.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.80 million constant LCU | 21.20 million constant LCU | 28.99 million constant LCU | 10 |
| 2010s | 30.58 million constant LCU | 25.90 million constant LCU | 33.20 million constant LCU | 10 |
| 2020s | 25.59 million constant LCU | 22.77 million constant LCU | 28.29 million constant LCU | 5 |
Countries ranked near Palau
- 175 Tonga 149.63 million constant LCU compare
- 176 San Marino 103.74 million constant LCU compare
- 177 Eritrea 99.72 million constant LCU compare
- 179 Micronesia, Federated States of 22.51 million constant LCU compare
- 180 Isle of Man 21.74 million constant LCU compare
- 181 Marshall Islands 7.02 million constant LCU 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)
- Gdp worldbank constant usd, annual growth rate 6.29 % change on previous year (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- 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, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is taxes less subsidies on products in Palau?
- Taxes less subsidies on products in Palau was 28.15 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Palau?
- The highest recorded value was 33.20 million constant LCU in 2014.
- What is the lowest taxes less subsidies on products recorded in Palau?
- The lowest recorded value was 21.20 million constant LCU in 2003.
- How does Palau rank for taxes less subsidies on products?
- Palau ranks 178th out of 187 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Palau?
- Over the last ten years it is down 15.2%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.