Annual growth of imports of goods and services in Palau
Palau: Annual growth of imports of goods and services was -4.8% in 2023. ◆ Volatile
Annual growth of imports of goods and services in Palau, 2006–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Palau recorded -4.8% for annual growth of imports of goods and services in 2023.
The figure is down 164.4% on the previous year and down 294.0% over ten years.
Over the whole period, annual growth of imports of goods and services in Palau peaked at 11.0% in 2014 and was at its lowest, -19.7%, in 2021.
That places Palau 159th out of 176 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of imports of goods and services in Palau, year by year
| Year | % | Change |
|---|---|---|
| 2006 | 2.1% | — |
| 2007 | -5.1% | -345.5% |
| 2008 | -3.2% | -37.4% |
| 2009 | -12.0% | +275.1% |
| 2010 | 0.2% | -101.3% |
| 2011 | 7.2% | +4381.2% |
| 2012 | 9.1% | +27.5% |
| 2013 | 2.5% | -72.9% |
| 2014 | 11.0% | +345.2% |
| 2015 | 2.5% | -77.1% |
| 2016 | 7.2% | +183.8% |
| 2017 | -0.1% | -102.1% |
| 2018 | -7.1% | +4653.3% |
| 2019 | 0.6% | -108.8% |
| 2020 | -0.3% | -150.8% |
| 2021 | -19.7% | +6043.8% |
| 2022 | 7.5% | -138.0% |
| 2023 | -4.8% | -164.4% |
Palau compared with similar countries
- Palau's -4.8% is below the median for high income countries, which is 2.5%. (62 countries reporting)
- Palau's -4.8% is below the median for East Asia & Pacific, which is 6.3%. (28 countries reporting)
Biggest year-on-year movements
Years where Annual growth of imports 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 |
|---|---|---|---|
| 2021 | -6043.8% | -0.3% | -19.7% |
| 2018 | -4653.3% | -0.1% | -7.1% |
| 2011 | +4381.2% | 0.2% | 7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -4.6% | -12.0% | 2.1% | 4 |
| 2010s | 3.3% | -7.1% | 11.0% | 10 |
| 2020s | -4.3% | -19.7% | 7.5% | 4 |
Countries ranked near Palau
- 156 Tajikistan -4.3% compare
- 157 Türkiye -4.4% compare
- 158 Bangladesh -4.6% compare
- 160 Djibouti -5.5% compare
- 161 South Africa -6.4% compare
- 162 Turkmenistan -7.3%
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 imports of goods and services in Palau?
- Annual growth of imports of goods and services in Palau was -4.8% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of imports of goods and services recorded in Palau?
- The highest recorded value was 11.0% in 2014.
- What is the lowest annual growth of imports of goods and services recorded in Palau?
- The lowest recorded value was -19.7% in 2021.
- How does Palau rank for annual growth of imports of goods and services?
- Palau ranks 159th out of 176 countries with data for 2023.
- Is annual growth of imports of goods and services rising or falling in Palau?
- Over the last ten years it is down 294.0%. 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 imports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of imports of goods and services (%).