Palau: Subsidies and other transfers (% of expense)

Key figures

What the numbers say

In 2020, Palau's subsidies and other transfers (% of expense) rose 14.87 percentage points on 2019 (from 14.52% to 29.39%).

Across the 11 yearly changes before that (2009 to 2019), the average change was +0.39 percentage points and a typical year strayed about 1.61 percentage points from that (the standard deviation). This year's change was 9.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 14.87 percentage points in 2020 and the biggest yearly fall was 1.88 percentage points in 2017. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 the straight-line trend is upward, about 1.52 percentage points a year. A straight line explains 58% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2020, Palau had the 5th highest value of the 10 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Palau in the 2020 ranking

• Russian Federation — 1st of 10: 74.19%
• St. Kitts and Nevis — 2nd of 10: 33.04%
• Bahrain — 3rd of 10: 30.07%
• Cabo Verde — 5th of 10: 28.21%
• Mali — 6th of 10: 20.3%
• Marshall Islands — 7th of 10: 17.07%

What this measures

Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

Regional and income-group figures are computed by the World Bank as a median.

All 13 values

Subsidies and other transfers (% of expense) in nearby economies

• Australia — 69.4% (2022)
• Cambodia — 37.27% (2023)
• Fiji — 34.12% (2023)
• Kiribati — 35.52% (2023)
• Korea, Rep. — 68.5% (2023)
• Lao PDR — 11.72% (2022)
• Macao SAR, China — 32.58% (2023)
• Malaysia — 43.61% (2023)
• Marshall Islands — 17.07% (2020)
• Micronesia, Fed. Sts.

More public sector data for Palau

• Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 70 (2024)
• Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100) — 62.36 (2024)
• Net acquisition of financial assets (current LCU) — 27.91 million (2020)
• Net acquisition of financial assets (% of GDP) — 10.78% (2020)
• Net incurrence of liabilities, total (current LCU) — 52.56 million (2020)
• Net incurrence of liabilities, total (% of GDP) — 20.29% (2020)
• Net investment in nonfinancial assets (current LCU) — 16.56 million (2020)
• Net investment in nonfinancial assets (% of GDP) — 6.39% (2020)
• Net lending (+) / net borrowing (-) (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Palau's subsidies and other transfers (% of expense)?

29.39% in 2020, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is up 19.14 percentage points from 10.25% in 2008. The highest value was 29.39% in 2020 and the lowest 8.35% in 2012.

How does Palau rank?

5th highest of 10 economies with data for 2020.

Is the latest change in subsidies and other transfers (% of expense) unusual for Palau?

In 2020, Palau's subsidies and other transfers (% of expense) rose 14.87 percentage points on 2019 (from 14.52% to 29.39%). Across the 11 yearly changes before that (2009 to 2019), the average change was +0.39 percentage points and a typical year strayed about 1.61 percentage points from that (the standard deviation). This year's change was 9.0 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator GC.XPN.TRFT.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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