Final consumption expenditure in Palau
Palau: Final consumption expenditure was 276.18 million constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in Palau, 2005–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Palau recorded 276.18 million constant 2015 US$ for final consumption expenditure in 2024.
The figure is up 3.7% on the previous year and up 2.5% over ten years.
Over the whole period, final consumption expenditure in Palau peaked at 301.05 million constant 2015 US$ in 2020 and was at its lowest, 247.76 million constant 2015 US$, in 2011.
That places Palau 171st out of 172 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Final consumption expenditure in Palau, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2005 | 258.34 million constant 2015 US$ | — |
| 2006 | 265.58 million constant 2015 US$ | +2.8% |
| 2007 | 269.96 million constant 2015 US$ | +1.6% |
| 2008 | 269.23 million constant 2015 US$ | -0.3% |
| 2009 | 258.69 million constant 2015 US$ | -3.9% |
| 2010 | 247.84 million constant 2015 US$ | -4.2% |
| 2011 | 247.76 million constant 2015 US$ | -0.0% |
| 2012 | 256.28 million constant 2015 US$ | +3.4% |
| 2013 | 262.81 million constant 2015 US$ | +2.5% |
| 2014 | 269.32 million constant 2015 US$ | +2.5% |
| 2015 | 274.96 million constant 2015 US$ | +2.1% |
| 2016 | 288.77 million constant 2015 US$ | +5.0% |
| 2017 | 288.33 million constant 2015 US$ | -0.2% |
| 2018 | 289.90 million constant 2015 US$ | +0.5% |
| 2019 | 288.86 million constant 2015 US$ | -0.4% |
| 2020 | 301.05 million constant 2015 US$ | +4.2% |
| 2021 | 285.71 million constant 2015 US$ | -5.1% |
| 2022 | 278.64 million constant 2015 US$ | -2.5% |
| 2023 | 266.41 million constant 2015 US$ | -4.4% |
| 2024 | 276.18 million constant 2015 US$ | +3.7% |
Palau compared with similar countries
- Palau's 276.18 million constant 2015 US$ is below the median for high income countries, which is 177.97 billion constant 2015 US$, 0% of the median. (61 countries reporting)
- Palau's 276.18 million constant 2015 US$ is below the median for East Asia & Pacific, which is 27.09 billion constant 2015 US$, 1% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 264.36 million constant 2015 US$ | 258.34 million constant 2015 US$ | 269.96 million constant 2015 US$ | 5 |
| 2010s | 271.49 million constant 2015 US$ | 247.76 million constant 2015 US$ | 289.90 million constant 2015 US$ | 10 |
| 2020s | 281.60 million constant 2015 US$ | 266.41 million constant 2015 US$ | 301.05 million constant 2015 US$ | 5 |
Countries ranked near Palau
- 168 Tonga 642.46 million constant 2015 US$ compare
- 169 Kiribati 468.78 million constant 2015 US$ compare
- 170 Sao Tome and Principe 461.97 million constant 2015 US$ compare
- 172 Marshall Islands 270.51 million constant 2015 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 final consumption expenditure in Palau?
- Final consumption expenditure in Palau was 276.18 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Palau?
- The highest recorded value was 301.05 million constant 2015 US$ in 2020.
- What is the lowest final consumption expenditure recorded in Palau?
- The lowest recorded value was 247.76 million constant 2015 US$ in 2011.
- How does Palau rank for final consumption expenditure?
- Palau ranks 171st out of 172 countries with data for 2024.
- Is final consumption expenditure rising or falling in Palau?
- Over the last ten years it is up 2.5%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.