Annual growth of exports of goods and services in Palau
Palau: Annual growth of exports of goods and services was 74.6% in 2023. ◆ Volatile
Annual growth of exports of goods and services in Palau, 2006–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2023, annual growth of exports of goods and services in Palau stood at 74.6%.
Compared with earlier readings it is down 40.7% on the previous year and up 2,007.2% over ten years.
Over the whole period, annual growth of exports of goods and services in Palau peaked at 125.7% in 2022 and was at its lowest, -73.5%, in 2021.
That places Palau 7th out of 176 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services in Palau, year by year
| Year | % | Change |
|---|---|---|
| 2006 | 0.3% | — |
| 2007 | -2.5% | -1040.7% |
| 2008 | -5.8% | +128.3% |
| 2009 | -9.2% | +57.9% |
| 2010 | 5.8% | -163.4% |
| 2011 | 14.6% | +150.6% |
| 2012 | 8.7% | -40.3% |
| 2013 | -3.9% | -145.0% |
| 2014 | 7.3% | -287.0% |
| 2015 | 13.2% | +81.3% |
| 2016 | -0.9% | -107.1% |
| 2017 | -9.8% | +943.6% |
| 2018 | -7.7% | -21.4% |
| 2019 | -11.6% | +49.9% |
| 2020 | -43.0% | +271.6% |
| 2021 | -73.5% | +71.0% |
| 2022 | 125.7% | -271.1% |
| 2023 | 74.6% | -40.7% |
Palau compared with similar countries
- Palau's 74.6% is above the median for high income countries, which is 2.2%, 33.7× the median. (62 countries reporting)
- Palau's 74.6% is above the median for East Asia & Pacific, which is 6.8%, 10.9× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Annual growth of exports of goods and services 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 |
|---|---|---|---|
| 2007 | -1040.7% | 0.3% | -2.5% |
| 2017 | -943.6% | -0.9% | -9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.3% | -9.2% | 0.3% | 4 |
| 2010s | 1.6% | -11.6% | 14.6% | 10 |
| 2020s | 21.0% | -73.5% | 125.7% | 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)
- Gdp worldbank constant usd, annual growth rate 6.29 % change on previous year (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
- External balance on goods and services as a percent of GDP -40.4% (2024)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is annual growth of exports of goods and services in Palau?
- Annual growth of exports of goods and services in Palau was 74.6% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of exports of goods and services recorded in Palau?
- The highest recorded value was 125.7% in 2022.
- What is the lowest annual growth of exports of goods and services recorded in Palau?
- The lowest recorded value was -73.5% in 2021.
- How does Palau rank for annual growth of exports of goods and services?
- Palau ranks 7th out of 176 countries with data for 2023.
- Is annual growth of exports of goods and services rising or falling in Palau?
- Over the last ten years it is up 2,007.2%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of exports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of exports of goods and services (%).