Palau—Taxes on Goods & Services (% of revenue)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #126 of 139
Latest Value
14.2%
2020
YoY Change
-33.0%
2019 → 2020
Global Rank
#126
of 139 countries
Maximum
27.0%
2015
Minimum
14.2%
2020
CAGR
-2.0%
13 years
Last
14.2%
Previous
21.1%
Highest
27.0%
Lowest
14.2%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2020 | 14.2% | -33.0% |
| 2019 | 21.1% | -14.5% |
| 2018 | 24.7% | -1.7% |
| 2017 | 25.2% | +2.0% |
| 2016 | 24.7% | -8.5% |
| 2015 | 27.0% | +11.5% |
| 2014 | 24.2% | -4.1% |
| 2013 | 25.2% | +15.1% |
| 2012 | 21.9% | +0.8% |
| 2011 | 21.7% | +21.7% |
| 2010 | 17.8% | -2.0% |
| 2009 | 18.2% | +0.4% |
| 2008 | 18.1% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 71.7% | 2023 |
| 2 | Bahamas, The | 57.1% | 2023 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.5% | 2023 |
| 6 | Armenia | 48.2% | 2024 |
| 7 | Dominican Republic | 47.9% | 2024 |
| 8 | Croatia | 47.1% | 2023 |
| 9 | Nicaragua | 46.5% | 2023 |
| 10 | Burundi | 46.4% | 2021 |
About This Indicator
Definition
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →