External balance on goods and services (current LCU), annual growth in Palau
Palau: External balance on goods and services (current LCU), annual growth was 13.63 % change on previous year in 2024. ◆ Volatile
External balance on goods and services (current LCU), annual growth in Palau, 2006–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Palau recorded 13.63 % change on previous year for external balance on goods and services (current lcu), annual growth in 2024.
That represents a change of down 17.2% on the previous year and up 169.8% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Palau peaked at 31.36 % change on previous year in 2015 and was at its lowest, -36.62 % change on previous year, in 2020.
That places Palau 52nd out of 192 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current LCU), annual growth in Palau, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2006 | -8.57 % change on previous year | — |
| 2007 | 13.31 % change on previous year | -255.2% |
| 2008 | -14.42 % change on previous year | -208.3% |
| 2009 | 21.08 % change on previous year | -246.2% |
| 2010 | -4.36 % change on previous year | -120.7% |
| 2011 | -16.51 % change on previous year | +278.7% |
| 2012 | -6.83 % change on previous year | -58.6% |
| 2013 | -3.66 % change on previous year | -46.5% |
| 2014 | -19.51 % change on previous year | +433.7% |
| 2015 | 31.36 % change on previous year | -260.7% |
| 2016 | -14.39 % change on previous year | -145.9% |
| 2017 | -34.29 % change on previous year | +138.4% |
| 2018 | -2.01 % change on previous year | -94.2% |
| 2019 | -17.95 % change on previous year | +795.2% |
| 2020 | -36.62 % change on previous year | +104.0% |
| 2021 | -4.7 % change on previous year | -87.2% |
| 2022 | -14.94 % change on previous year | +217.8% |
| 2023 | 16.47 % change on previous year | -210.3% |
| 2024 | 13.63 % change on previous year | -17.2% |
Palau compared with similar countries
- Palau's 13.63 % change on previous year is above the median for high income countries, which is 0.3851 % change on previous year, 35.4× the median. (72 countries reporting)
- Palau's 13.63 % change on previous year is above the median for East Asia & Pacific, which is 7.71 % change on previous year, 1.8× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.85 % change on previous year | -14.42 % change on previous year | 21.08 % change on previous year | 4 |
| 2010s | -8.82 % change on previous year | -34.29 % change on previous year | 31.36 % change on previous year | 10 |
| 2020s | -5.23 % change on previous year | -36.62 % change on previous year | 16.47 % change on previous year | 5 |
Countries ranked near Palau
- 49 Albania 15.82 % change on previous year compare
- 50 Bermuda 15.37 % change on previous year compare
- 51 Greece 14.46 % change on previous year compare
- 53 Macao 12.94 % change on previous year compare
- 54 Nicaragua 12.81 % change on previous year compare
- 55 Northern Mariana Islands 12.77 % change on previous year 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0177 units per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services (current lcu), annual growth in Palau?
- External balance on goods and services (current lcu), annual growth in Palau was 13.63 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Palau?
- The highest recorded value was 31.36 % change on previous year in 2015.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Palau?
- The lowest recorded value was -36.62 % change on previous year in 2020.
- How does Palau rank for external balance on goods and services (current lcu), annual growth?
- Palau ranks 52nd out of 192 countries with data for 2024.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Palau?
- Over the last ten years it is up 169.8%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.