External balance on goods and services in Palau
Palau: External balance on goods and services was -40.4% 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 % of GDP.
Analysis
In 2024, external balance on goods and services in Palau stood at -40.4%.
That represents a change of up 25.8% on the previous year and down 14.9% over ten years.
Over the whole period, external balance on goods and services in Palau peaked at -20.9% in 2015 and was at its lowest, -72.8%, in 2022.
Palau ranks 182nd of 193 countries on this measure, in the bottom quarter.
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 | % of GDP | Change |
|---|---|---|
| 2005 | -34.0% | — |
| 2006 | -35.9% | +5.7% |
| 2007 | -30.3% | -15.6% |
| 2008 | -34.2% | +12.7% |
| 2009 | -29.2% | -14.7% |
| 2010 | -30.4% | +4.2% |
| 2011 | -33.4% | +10.0% |
| 2012 | -32.4% | -3.0% |
| 2013 | -31.9% | -1.5% |
| 2014 | -35.2% | +10.2% |
| 2015 | -20.9% | -40.5% |
| 2016 | -22.4% | +6.8% |
| 2017 | -31.4% | +40.5% |
| 2018 | -32.2% | +2.6% |
| 2019 | -38.9% | +20.6% |
| 2020 | -57.8% | +48.7% |
| 2021 | -66.4% | +14.9% |
| 2022 | -72.8% | +9.6% |
| 2023 | -54.5% | -25.1% |
| 2024 | -40.4% | -25.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -32.7% | -35.9% | -29.2% | 5 |
| 2010s | -30.9% | -38.9% | -20.9% | 10 |
| 2020s | -58.4% | -72.8% | -40.4% | 5 |
Countries ranked near Palau
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 -40.4% 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 -20.9% in 2015.
- What is the lowest external balance on goods and services recorded in Palau?
- The lowest recorded value was -72.8% in 2022.
- How does Palau rank for external balance on goods and services?
- Palau ranks 182nd 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 14.9%. 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 (% of GDP). 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 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.