Taxes less subsidies on products (current US$) in Palau
Palau: Taxes less subsidies on products (current US$) was 40.13 million current US$ 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 US$.
Analysis
In 2024, taxes less subsidies on products in Palau stood at 40.13 million current US$. 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 US$ in 2024 and was at its lowest, 12.76 million current US$, in 2000.
Palau ranks 186th of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Taxes less subsidies on products (current US$) in Palau, year by year
| Year | current US$ | Change |
|---|---|---|
| 2000 | 12.76 million current US$ | — |
| 2001 | 13.53 million current US$ | +6.1% |
| 2002 | 13.13 million current US$ | -3.0% |
| 2003 | 13.23 million current US$ | +0.8% |
| 2004 | 16.06 million current US$ | +21.4% |
| 2005 | 18.69 million current US$ | +16.4% |
| 2006 | 17.76 million current US$ | -5.0% |
| 2007 | 18.02 million current US$ | +1.5% |
| 2008 | 19.24 million current US$ | +6.7% |
| 2009 | 15.98 million current US$ | -16.9% |
| 2010 | 17.38 million current US$ | +8.7% |
| 2011 | 19.94 million current US$ | +14.7% |
| 2012 | 24.34 million current US$ | +22.0% |
| 2013 | 25.01 million current US$ | +2.8% |
| 2014 | 28.62 million current US$ | +14.4% |
| 2015 | 30.71 million current US$ | +7.3% |
| 2016 | 31.49 million current US$ | +2.5% |
| 2017 | 33.93 million current US$ | +7.8% |
| 2018 | 31.51 million current US$ | -7.2% |
| 2019 | 29.21 million current US$ | -7.3% |
| 2020 | 23.60 million current US$ | -19.2% |
| 2021 | 23.64 million current US$ | +0.2% |
| 2022 | 25.61 million current US$ | +8.3% |
| 2023 | 37.61 million current US$ | +46.9% |
| 2024 | 40.13 million current US$ | +6.7% |
Palau compared with similar countries
- Palau's 40.13 million current US$ is below the median for high income countries, which is 9.71 billion current US$, 0% of the median. (74 countries reporting)
- Palau's 40.13 million current US$ is below the median for East Asia & Pacific, which is 956.37 million current US$, 4% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.84 million current US$ | 12.76 million current US$ | 19.24 million current US$ | 10 |
| 2010s | 27.21 million current US$ | 17.38 million current US$ | 33.93 million current US$ | 10 |
| 2020s | 30.12 million current US$ | 23.60 million current US$ | 40.13 million current US$ | 5 |
Countries ranked near Palau
- 183 Sao Tome and Principe 65.65 million current US$ compare
- 184 Eritrea 51.71 million current US$ compare
- 185 Micronesia (country) 44.46 million current US$ compare
- 187 Somalia 37.94 million current US$
- 188 Solomon Islands 31.51 million current US$ compare
- 189 Isle of Man 22.25 million current US$ 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 US$ 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 US$ in 2024.
- What is the lowest taxes less subsidies on products recorded in Palau?
- The lowest recorded value was 12.76 million current US$ in 2000.
- How does Palau rank for taxes less subsidies on products?
- Palau ranks 186th 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 US$). 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 indicator is expressed in United States dollars.