Current account balance as a proportion of GDP in Palau
Palau: Current account balance as a proportion of GDP was -48.5% in 2023. ◆ Volatile
Current account balance as a proportion of GDP in Palau, 2005–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2023, current account balance as a proportion of gdp in Palau stood at -48.5%. That is the lowest value across all 19 years on record.
The figure is down 1.0% on the previous year and down 272.2% over ten years.
Over the whole period, current account balance as a proportion of gdp in Palau peaked at -3.2% in 2009 and was at its lowest, -48.5%, in 2023.
Palau ranks 204th of 204 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Palau, year by year
| Year | % | Change |
|---|---|---|
| 2005 | -20.7% | — |
| 2006 | -25.2% | +21.6% |
| 2007 | -18.0% | -28.5% |
| 2008 | -17.0% | -5.6% |
| 2009 | -3.2% | -81.0% |
| 2010 | -9.9% | +207.0% |
| 2011 | -12.8% | +28.4% |
| 2012 | -16.0% | +25.4% |
| 2013 | -13.0% | -18.5% |
| 2014 | -19.7% | +51.2% |
| 2015 | -8.4% | -57.1% |
| 2016 | -16.0% | +89.5% |
| 2017 | -22.7% | +41.8% |
| 2018 | -18.7% | -17.8% |
| 2019 | -30.4% | +63.1% |
| 2020 | -43.4% | +42.7% |
| 2021 | -41.5% | -4.5% |
| 2022 | -48.0% | +15.8% |
| 2023 | -48.5% | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -16.8% | -25.2% | -3.2% | 5 |
| 2010s | -16.8% | -30.4% | -8.4% | 10 |
| 2020s | -45.4% | -48.5% | -41.5% | 4 |
Countries ranked near Palau
- 201 Timor-Leste -31.5% compare
- 201 Timor-Leste -31.5% compare
- 203 Kyrgyzstan -42.7% compare
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, per unit of GDP 0.7995 units per US$ of GDP (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- External balance on goods and services as a percent of GDP -40.4% (2024)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- 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)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
Frequently asked questions
- What is current account balance as a proportion of gdp in Palau?
- Current account balance as a proportion of gdp in Palau was -48.5% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Palau?
- The highest recorded value was -3.2% in 2009.
- What is the lowest current account balance as a proportion of gdp recorded in Palau?
- The lowest recorded value was -48.5% in 2023.
- How does Palau rank for current account balance as a proportion of gdp?
- Palau ranks 204th out of 204 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Palau?
- Over the last ten years it is down 272.2%. 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 Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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