Current account balance as a share of GDP in Palau
Palau: Current account balance as a share of GDP was -48.5% in 2023. ◆ Volatile
Current account balance as a share of GDP in Palau, 2005–2023
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
In 2023, current account balance as a share of gdp in Palau stood at -48.5%. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 1.0% on the previous year and down 272.3% over ten years.
Over the whole period, current account balance as a share of gdp in Palau peaked at -3.2% in 2009 and was at its lowest, -48.5%, in 2023.
That places Palau 193rd out of 193 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.
Current account balance as a share 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% | -5.5% |
| 2009 | -3.2% | -81.0% |
| 2010 | -9.9% | +206.5% |
| 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% | +89.3% |
| 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
- 190 Lebanon -28.1% compare
- 191 Timor-Leste -31.5% compare
- 192 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, 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 current account balance as a share of gdp in Palau?
- Current account balance as a share of gdp in Palau was -48.5% in 2023, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Palau?
- The highest recorded value was -3.2% in 2009.
- What is the lowest current account balance as a share of gdp recorded in Palau?
- The lowest recorded value was -48.5% in 2023.
- How does Palau rank for current account balance as a share of gdp?
- Palau ranks 193rd out of 193 countries with data for 2023.
- Is current account balance as a share of gdp rising or falling in Palau?
- Over the last ten years it is down 272.3%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Current account balance as a proportion of GDP (%).