Annual GDP growth in Palau
Palau: Annual GDP growth was 2.2% in 2023. ◆ Volatile
Latest (2023)
2.2%
Change on year
up 46.5%
World rank
127th
of 196 countries
All-time high
7.9%
in 2015
All-time low
-13.3%
in 2021
Years of data
24
2000–2023
Annual GDP growth in Palau, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Palau is 2.2%, measured in 2023.
Compared with earlier readings it is up 46.5% on the previous year and up 186.8% over ten years.
Over the whole period, annual gdp growth in Palau peaked at 7.9% in 2015 and was at its lowest, -13.3%, in 2021.
Palau ranks 127th of 196 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Palau, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -2.6% | — |
| 2001 | 7.3% | -382.1% |
| 2002 | 4.7% | -35.8% |
| 2003 | -2.1% | -145.1% |
| 2004 | 3.5% | -263.2% |
| 2005 | 2.9% | -16.9% |
| 2006 | 0.2% | -92.1% |
| 2007 | 1.3% | +479.8% |
| 2008 | -5.2% | -492.8% |
| 2009 | -6.5% | +25.8% |
| 2010 | -2.6% | -59.6% |
| 2011 | 5.1% | -292.6% |
| 2012 | 1.7% | -67.5% |
| 2013 | -2.6% | -254.2% |
| 2014 | 5.2% | -302.5% |
| 2015 | 7.9% | +53.2% |
| 2016 | 1.3% | -83.2% |
| 2017 | -3.0% | -325.3% |
| 2018 | -1.2% | -58.4% |
| 2019 | -0.4% | -70.9% |
| 2020 | -6.9% | +1798.3% |
| 2021 | -13.3% | +92.9% |
| 2022 | 1.5% | -111.4% |
| 2023 | 2.2% | +46.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.4% | -6.5% | 7.3% | 10 |
| 2010s | 1.1% | -3.0% | 7.9% | 10 |
| 2020s | -4.1% | -13.3% | 2.2% | 4 |
Countries ranked near Palau
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 Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.1248 current LCU per US$ of GDP (2024)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- 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)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
Frequently asked questions
- What is annual gdp growth in Palau?
- Annual gdp growth in Palau was 2.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Palau?
- The highest recorded value was 7.9% in 2015.
- What is the lowest annual gdp growth recorded in Palau?
- The lowest recorded value was -13.3% in 2021.
- How does Palau rank for annual gdp growth?
- Palau ranks 127th out of 196 countries with data for 2023.
- Is annual gdp growth rising or falling in Palau?
- Over the last ten years it is up 186.8%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).