Taxes less subsidies on products (current US$), per unit of GDP (unit) in Palau
Palau: Taxes less subsidies on products (current US$), per unit of GDP (unit) was 0.1248 current US$ per US$ of GDP in 2024. ▲ Rising
Taxes less subsidies on products (current US$), per unit of GDP in Palau, 2000–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2024, taxes less subsidies on products (current us$), per unit of gdp in Palau stood at 0.1248 current US$ per US$ of GDP.
Compared with earlier readings it is down 8.3% on the previous year and up 7.1% over ten years.
Over the whole period, taxes less subsidies on products (current us$), per unit of gdp in Palau peaked at 0.1362 current US$ per US$ of GDP in 2023 and was at its lowest, 0.0807 current US$ per US$ of GDP, in 2002.
That places Palau 44th out of 197 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Taxes less subsidies on products (current US$), per unit of GDP (unit) in Palau, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 2000 | 0.0853 current US$ per US$ of GDP | — |
| 2001 | 0.0849 current US$ per US$ of GDP | -0.5% |
| 2002 | 0.0807 current US$ per US$ of GDP | -4.9% |
| 2003 | 0.0856 current US$ per US$ of GDP | +6.0% |
| 2004 | 0.0965 current US$ per US$ of GDP | +12.8% |
| 2005 | 0.1007 current US$ per US$ of GDP | +4.3% |
| 2006 | 0.0931 current US$ per US$ of GDP | -7.5% |
| 2007 | 0.0919 current US$ per US$ of GDP | -1.2% |
| 2008 | 0.0967 current US$ per US$ of GDP | +5.1% |
| 2009 | 0.0868 current US$ per US$ of GDP | -10.2% |
| 2010 | 0.0943 current US$ per US$ of GDP | +8.6% |
| 2011 | 0.1022 current US$ per US$ of GDP | +8.3% |
| 2012 | 0.1132 current US$ per US$ of GDP | +10.8% |
| 2013 | 0.1105 current US$ per US$ of GDP | -2.4% |
| 2014 | 0.1166 current US$ per US$ of GDP | +5.5% |
| 2015 | 0.1084 current US$ per US$ of GDP | -7.0% |
| 2016 | 0.1038 current US$ per US$ of GDP | -4.3% |
| 2017 | 0.117 current US$ per US$ of GDP | +12.7% |
| 2018 | 0.1093 current US$ per US$ of GDP | -6.6% |
| 2019 | 0.1036 current US$ per US$ of GDP | -5.2% |
| 2020 | 0.0911 current US$ per US$ of GDP | -12.0% |
| 2021 | 0.1002 current US$ per US$ of GDP | +10.0% |
| 2022 | 0.1035 current US$ per US$ of GDP | +3.3% |
| 2023 | 0.1362 current US$ per US$ of GDP | +31.6% |
| 2024 | 0.1248 current US$ per US$ of GDP | -8.3% |
Palau compared with similar countries
- Palau's 0.1248 current US$ per US$ of GDP is above the median for high income countries, which is 0.0948 current US$ per US$ of GDP, 1.3× the median. (74 countries reporting)
- Palau's 0.1248 current US$ per US$ of GDP is above the median for East Asia & Pacific, which is 0.0669 current US$ per US$ of GDP, 1.9× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0902 current US$ per US$ of GDP | 0.0807 current US$ per US$ of GDP | 0.1007 current US$ per US$ of GDP | 10 |
| 2010s | 0.1079 current US$ per US$ of GDP | 0.0943 current US$ per US$ of GDP | 0.117 current US$ per US$ of GDP | 10 |
| 2020s | 0.1112 current US$ per US$ of GDP | 0.0911 current US$ per US$ of GDP | 0.1362 current US$ per US$ of GDP | 5 |
Countries ranked near Palau
- 41 Finland 0.1277 current US$ per US$ of GDP compare
- 42 Lesotho 0.1275 current US$ per US$ of GDP compare
- 43 Saint Kitts and Nevis 0.1273 current US$ per US$ of GDP compare
- 45 Bahamas 0.1233 current US$ per US$ of GDP compare
- 46 Georgia 0.1228 current US$ per US$ of GDP compare
- 47 El Salvador 0.1224 current US$ per US$ of GDP compare
More economy & growth data for Palau
- Real gdp growth, annual growth rate 881.68 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0287 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 560.2 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.043 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0209 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 409.06 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is taxes less subsidies on products (current us$), per unit of gdp in Palau?
- Taxes less subsidies on products (current us$), per unit of gdp in Palau was 0.1248 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current us$), per unit of gdp recorded in Palau?
- The highest recorded value was 0.1362 current US$ per US$ of GDP in 2023.
- What is the lowest taxes less subsidies on products (current us$), per unit of gdp recorded in Palau?
- The lowest recorded value was 0.0807 current US$ per US$ of GDP in 2002.
- How does Palau rank for taxes less subsidies on products (current us$), per unit of gdp?
- Palau ranks 44th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current us$), per unit of gdp rising or falling in Palau?
- Over the last ten years it is up 7.1%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (current US$) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Taxes less subsidies on products (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.