Taxes less subsidies on products (current LCU) in Palau
Palau: Taxes less subsidies on products (current LCU) was 40.13 million current 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 current LCU.
Analysis
In 2024, taxes less subsidies on products in Palau stood at 40.13 million current LCU. That is the highest value across all 25 years on record.
That represents a change of up 6.7% on the previous year and up 40.2% over ten years.
Over the whole period, taxes less subsidies on products in Palau peaked at 40.13 million current LCU in 2024 and was at its lowest, 12.76 million current LCU, in 2000.
That places Palau 188th out of 199 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 (current LCU) in Palau, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 12.76 million current LCU | — |
| 2001 | 13.53 million current LCU | +6.1% |
| 2002 | 13.13 million current LCU | -3.0% |
| 2003 | 13.23 million current LCU | +0.8% |
| 2004 | 16.06 million current LCU | +21.4% |
| 2005 | 18.69 million current LCU | +16.4% |
| 2006 | 17.76 million current LCU | -5.0% |
| 2007 | 18.02 million current LCU | +1.5% |
| 2008 | 19.24 million current LCU | +6.7% |
| 2009 | 15.98 million current LCU | -16.9% |
| 2010 | 17.38 million current LCU | +8.7% |
| 2011 | 19.94 million current LCU | +14.7% |
| 2012 | 24.34 million current LCU | +22.0% |
| 2013 | 25.01 million current LCU | +2.8% |
| 2014 | 28.62 million current LCU | +14.4% |
| 2015 | 30.71 million current LCU | +7.3% |
| 2016 | 31.49 million current LCU | +2.5% |
| 2017 | 33.93 million current LCU | +7.8% |
| 2018 | 31.51 million current LCU | -7.2% |
| 2019 | 29.21 million current LCU | -7.3% |
| 2020 | 23.60 million current LCU | -19.2% |
| 2021 | 23.64 million current LCU | +0.2% |
| 2022 | 25.61 million current LCU | +8.3% |
| 2023 | 37.61 million current LCU | +46.9% |
| 2024 | 40.13 million current LCU | +6.7% |
Palau compared with similar countries
- Palau's 40.13 million current LCU is below the median for high income countries, which is 26.91 billion current LCU, 0% of the median. (74 countries reporting)
- Palau's 40.13 million current LCU is below the median for East Asia & Pacific, which is 20.94 billion current LCU, 0% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.84 million current LCU | 12.76 million current LCU | 19.24 million current LCU | 10 |
| 2010s | 27.21 million current LCU | 17.38 million current LCU | 33.93 million current LCU | 10 |
| 2020s | 30.12 million current LCU | 23.60 million current LCU | 40.13 million current LCU | 5 |
Countries ranked near Palau
- 185 Sint Maarten (Dutch part) 142.10 million current LCU compare
- 186 San Marino 137.32 million current LCU compare
- 187 Micronesia (country) 44.46 million current LCU compare
- 189 Isle of Man 17.90 million current LCU compare
- 190 Marshall Islands 12.05 million current LCU compare
- 191 Tuvalu 7.48 million current 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)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (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)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- US dollar per domestic currency (End-of-period (EoP)) 1 (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 40.13 million current 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 40.13 million current LCU in 2024.
- What is the lowest taxes less subsidies on products recorded in Palau?
- The lowest recorded value was 12.76 million current LCU in 2000.
- How does Palau rank for taxes less subsidies on products?
- Palau ranks 188th out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Palau?
- Over the last ten years it is up 40.2%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.