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 205th of 205 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% |
Palau compared with similar countries
- Palau's -48.5% is below the median for high income countries, which is 1.6%. (69 countries reporting)
- Palau's -48.5% is below the median for East Asia & Pacific, which is 1.1%. (30 countries reporting)
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
- 202 Timor-Leste -31.5% compare
- 202 East Timor -31.5% compare
- 204 Kyrgyzstan -42.7% compare
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 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 205th out of 205 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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