Palau: Government spending, percent of GDP

* indicates monthly or quarterly data series
 Palau

Government spending as percent of GDP

 Latest value 41.64
 Year 2023
 Measure percent
 Data availability 2005 - 2023
 Average 34.67
 Min - Max 27.88 - 46.17
 Source The World Bank
The latest value from 2023 is 41.64 percent, a decline from 42.9 percent in 2022. In comparison, the world average is 16.62 percent, based on data from 160 countries. Historically, the average for Palau from 2005 to 2023 is 34.67 percent. The minimum value, 27.88 percent, was reached in 2015 while the maximum of 46.17 percent was recorded in 2021. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Palau - Government spending, percent of GDP - Recent values chart

Historical series
Palau - Government spending, percent of GDP - historical chart - 2005-2023




The government size of Palau and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 41.64 2023 percent
 Government spending, in dollars 0.12 2024 billion U.S. dollars
 Fiscal balance, percent of GDP 1.67 2024 percent
 Tax revenue 18.08 2020 percent
 Commercial tax rate 76.60 2019 percent
 Tax preparation time 52 2019 hours
 Taxes on goods and services 14.15 2020 percent
 Taxes on international trade 12.34 2020 percent
 Income and profits taxes 8.80 2020 percent
 Foreign aid 28.79 2023 million U.S. dollars
 Government debt 66.26 2024 percent
 Short-term government debt 11.66 2022 percent
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