Final consumption expenditure (current LCU), annual growth rate in Palau
Palau: Final consumption expenditure (current LCU), annual growth rate was 7.03 % change on previous year in 2024. ◆ Volatile
Final consumption expenditure (current LCU), annual growth rate in Palau, 2006–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, final consumption expenditure (current lcu), annual growth rate in Palau stood at 7.03 % change on previous year.
That represents a change of up 21.4% on the previous year and up 2.5% over ten years.
Over the whole period, final consumption expenditure (current lcu), annual growth rate in Palau peaked at 7.86 % change on previous year in 2012 and was at its lowest, -3.87 % change on previous year, in 2021.
Palau ranks 91st of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current LCU), annual growth rate in Palau, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2006 | 6.93 % change on previous year | — |
| 2007 | 2.64 % change on previous year | -61.9% |
| 2008 | 6.09 % change on previous year | +131.0% |
| 2009 | -2.6 % change on previous year | -142.7% |
| 2010 | -1.09 % change on previous year | -58.0% |
| 2011 | 4.59 % change on previous year | -520.3% |
| 2012 | 7.86 % change on previous year | +71.3% |
| 2013 | 5.86 % change on previous year | -25.4% |
| 2014 | 6.85 % change on previous year | +17.0% |
| 2015 | 5.73 % change on previous year | -16.4% |
| 2016 | 6.69 % change on previous year | +16.7% |
| 2017 | 1.31 % change on previous year | -80.4% |
| 2018 | 2.76 % change on previous year | +110.0% |
| 2019 | -1.01 % change on previous year | -136.4% |
| 2020 | 3.82 % change on previous year | -480.1% |
| 2021 | -3.87 % change on previous year | -201.2% |
| 2022 | 6.28 % change on previous year | -262.3% |
| 2023 | 5.79 % change on previous year | -7.8% |
| 2024 | 7.03 % change on previous year | +21.4% |
Palau compared with similar countries
- Palau's 7.03 % change on previous year is above the median for high income countries, which is 4.86 % change on previous year, 1.4× the median. (67 countries reporting)
- Palau's 7.03 % change on previous year is above the median for East Asia & Pacific, which is 5.19 % change on previous year, 1.4× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.27 % change on previous year | -2.6 % change on previous year | 6.93 % change on previous year | 4 |
| 2010s | 3.96 % change on previous year | -1.09 % change on previous year | 7.86 % change on previous year | 10 |
| 2020s | 3.81 % change on previous year | -3.87 % change on previous year | 7.03 % change on previous year | 5 |
Countries ranked near Palau
- 88 Fiji 7.23 % change on previous year compare
- 89 Chile 7.08 % change on previous year compare
- 90 Dominican Republic 7.03 % change on previous year compare
- 92 Indonesia 6.94 % change on previous year compare
- 93 Nicaragua 6.89 % change on previous year compare
- 94 Philippines 6.88 % 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 final consumption expenditure (current lcu), annual growth rate in Palau?
- Final consumption expenditure (current lcu), annual growth rate in Palau was 7.03 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (current lcu), annual growth rate recorded in Palau?
- The highest recorded value was 7.86 % change on previous year in 2012.
- What is the lowest final consumption expenditure (current lcu), annual growth rate recorded in Palau?
- The lowest recorded value was -3.87 % change on previous year in 2021.
- How does Palau rank for final consumption expenditure (current lcu), annual growth rate?
- Palau ranks 91st out of 187 countries with data for 2024.
- Is final consumption expenditure (current lcu), annual growth rate rising or falling in Palau?
- Over the last ten years it is up 2.5%. 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 Final consumption expenditure (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 Final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Final consumption expenditure 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 Final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.