Taxes less subsidies on products in Palau
Palau: Taxes less subsidies on products 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 187th out of 197 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 | 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% |
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
- 184 Sint Maarten (Dutch part) 142.10 million current LCU compare
- 185 San Marino 137.32 million current LCU compare
- 186 Micronesia (country) 44.46 million current LCU compare
- 188 Isle of Man 17.90 million current LCU compare
- 189 Marshall Islands 12.05 million current LCU compare
- 190 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)
- 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)
- 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)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 2,268 current LCU per person (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 187th out of 197 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.