Annual gdp growth in Palau
Palau: Annual gdp growth was 2.22 in 2023. ◆ Volatile
Annual gdp growth in Palau, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual gdp growth in Palau stood at 2.22.
Compared with earlier readings it is up 47.0% on the previous year and up 187.1% over ten years.
Over the whole period, annual gdp growth in Palau peaked at 7.92 in 2015 and was at its lowest, -13.26, in 2021.
That places Palau 138th out of 212 countries with data for 2023, putting it 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 | 7.35 | -382.7% |
| 2002 | 4.71 | -35.9% |
| 2003 | -2.13 | -145.2% |
| 2004 | 3.47 | -262.9% |
| 2005 | 2.88 | -17.0% |
| 2006 | 0.23 | -92.0% |
| 2007 | 1.32 | +473.9% |
| 2008 | -5.19 | -493.2% |
| 2009 | -6.54 | +26.0% |
| 2010 | -2.64 | -59.6% |
| 2011 | 5.09 | -292.8% |
| 2012 | 1.66 | -67.4% |
| 2013 | -2.55 | -253.6% |
| 2014 | 5.17 | -302.7% |
| 2015 | 7.92 | +53.2% |
| 2016 | 1.33 | -83.2% |
| 2017 | -2.99 | -324.8% |
| 2018 | -1.24 | -58.5% |
| 2019 | -0.36 | -71.0% |
| 2020 | -6.87 | +1808.3% |
| 2021 | -13.26 | +93.0% |
| 2022 | 1.51 | -111.4% |
| 2023 | 2.22 | +47.0% |
Palau compared with similar countries
- Palau's 2.22 is above the median for high income countries, which is 2.14, 1.0× the median. (83 countries reporting)
- Palau's 2.22 is below the median for East Asia & Pacific, which is 3.26, 68% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Annual gdp growth in Palau changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -1808.3% | -0.36 | -6.87 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.35 | -6.54 | 7.35 | 10 |
| 2010s | 1.14 | -2.99 | 7.92 | 10 |
| 2020s | -4.1 | -13.26 | 2.22 | 4 |
Countries ranked near Palau
More economy & growth data for Palau
- Real gdp growth, annual growth rate 881.68 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0287 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 560.2 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.043 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0209 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 409.06 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Palau?
- Annual gdp growth in Palau was 2.22 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in Palau?
- The highest recorded value was 7.92 in 2015.
- What is the lowest annual gdp growth recorded in Palau?
- The lowest recorded value was -13.26 in 2021.
- How does Palau rank for annual gdp growth?
- Palau ranks 138th out of 212 countries with data for 2023.
- Is annual gdp growth rising or falling in Palau?
- Over the last ten years it is up 187.1%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
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