External balance on goods and services in Palau
Palau: External balance on goods and services was -129.93 million current US$ in 2024. ▼ Falling
External balance on goods and services in Palau, 2005–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Palau recorded -129.93 million current US$ for external balance on goods and services in 2024.
Compared with earlier readings it is up 13.6% on the previous year and down 50.5% over ten years.
Over the whole period, external balance on goods and services in Palau peaked at -53.66 million current US$ in 2009 and was at its lowest, -180.10 million current US$, in 2022.
That places Palau 82nd out of 193 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
External balance on goods and services in Palau, year by year
| Year | current US$ | Change |
|---|---|---|
| 2005 | -63.13 million current US$ | — |
| 2006 | -68.55 million current US$ | +8.6% |
| 2007 | -59.42 million current US$ | -13.3% |
| 2008 | -67.99 million current US$ | +14.4% |
| 2009 | -53.66 million current US$ | -21.1% |
| 2010 | -56.00 million current US$ | +4.4% |
| 2011 | -65.24 million current US$ | +16.5% |
| 2012 | -69.70 million current US$ | +6.8% |
| 2013 | -72.25 million current US$ | +3.7% |
| 2014 | -86.34 million current US$ | +19.5% |
| 2015 | -59.27 million current US$ | -31.4% |
| 2016 | -67.80 million current US$ | +14.4% |
| 2017 | -91.05 million current US$ | +34.3% |
| 2018 | -92.87 million current US$ | +2.0% |
| 2019 | -109.55 million current US$ | +18.0% |
| 2020 | -149.66 million current US$ | +36.6% |
| 2021 | -156.69 million current US$ | +4.7% |
| 2022 | -180.10 million current US$ | +14.9% |
| 2023 | -150.44 million current US$ | -16.5% |
| 2024 | -129.93 million current US$ | -13.6% |
Palau compared with similar countries
- Palau's -129.93 million current US$ is below the median for high income countries, which is 3.43 billion current US$. (72 countries reporting)
- Palau's -129.93 million current US$ is above the median for East Asia & Pacific, which is -166.62 million current US$, 78% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -62.55 million current US$ | -68.55 million current US$ | -53.66 million current US$ | 5 |
| 2010s | -77.01 million current US$ | -109.55 million current US$ | -56.00 million current US$ | 10 |
| 2020s | -153.37 million current US$ | -180.10 million current US$ | -129.93 million current US$ | 5 |
Countries ranked near Palau
- 79 Maldives -3.21 million current US$ compare
- 80 Nauru -73.78 million current US$ compare
- 81 Sudan -105.79 million current US$ compare
- 83 Marshall Islands -135.00 million current US$ compare
- 84 Antigua and Barbuda -154.10 million current US$ compare
- 85 Sao Tome and Principe -196.66 million current US$ 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)
- 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 external balance on goods and services in Palau?
- External balance on goods and services in Palau was -129.93 million current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Palau?
- The highest recorded value was -53.66 million current US$ in 2009.
- What is the lowest external balance on goods and services recorded in Palau?
- The lowest recorded value was -180.10 million current US$ in 2022.
- How does Palau rank for external balance on goods and services?
- Palau ranks 82nd out of 193 countries with data for 2024.
- Is external balance on goods and services rising or falling in Palau?
- Over the last ten years it is down 50.5%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.