Current account balance in Palau
Palau: Current account balance was -48.6% in 2023. ◆ Volatile
Current account balance in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Palau recorded -48.6% for current account balance in 2023. That is the lowest value across all 19 years on record.
The figure is down 2.7% on the previous year and down 276.5% over ten years.
Over the whole period, current account balance in Palau peaked at -3.3% in 2009 and was at its lowest, -48.6%, in 2023.
That places Palau 198th out of 200 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 in Palau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | -21.3% | — |
| 2006 | -25.6% | +20.0% |
| 2007 | -18.5% | -27.8% |
| 2008 | -17.2% | -6.9% |
| 2009 | -3.3% | -80.6% |
| 2010 | -10.1% | +203.7% |
| 2011 | -13.0% | +28.1% |
| 2012 | -16.0% | +23.6% |
| 2013 | -12.9% | -19.5% |
| 2014 | -19.7% | +52.7% |
| 2015 | -8.6% | -56.6% |
| 2016 | -16.1% | +88.1% |
| 2017 | -22.9% | +42.0% |
| 2018 | -18.6% | -18.5% |
| 2019 | -30.4% | +63.3% |
| 2020 | -43.9% | +44.2% |
| 2021 | -40.7% | -7.3% |
| 2022 | -47.3% | +16.3% |
| 2023 | -48.6% | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -17.2% | -25.6% | -3.3% | 5 |
| 2010s | -16.8% | -30.4% | -8.6% | 10 |
| 2020s | -45.1% | -48.6% | -40.7% | 4 |
Countries ranked near Palau
- 195 Lebanon -28.1% compare
- 196 Timor-Leste -36.9% compare
- 197 Dominica -38.0% compare
- 199 Suriname -54.9% compare
- 200 Equatorial Guinea -148.0%
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)
- 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, annual growth rate 6.29 % change on previous year (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
Frequently asked questions
- What is current account balance in Palau?
- Current account balance in Palau was -48.6% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Palau?
- The highest recorded value was -3.3% in 2009.
- What is the lowest current account balance recorded in Palau?
- The lowest recorded value was -48.6% in 2023.
- How does Palau rank for current account balance?
- Palau ranks 198th out of 200 countries with data for 2023.
- Is current account balance rising or falling in Palau?
- Over the last ten years it is down 276.5%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.