Final consumption expenditure in Palau
Palau: Final consumption expenditure was 363.09 million current LCU in 2024. ▲ Rising
Final consumption expenditure in Palau, 2005–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2024, final consumption expenditure in Palau stood at 363.09 million current LCU. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 7.0% on the previous year and up 39.6% over ten years.
Over the whole period, final consumption expenditure in Palau peaked at 363.09 million current LCU in 2024 and was at its lowest, 181.68 million current LCU, in 2005.
Palau ranks 187th of 188 countries on this measure, 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 | current LCU | Change |
|---|---|---|
| 2005 | 181.68 million current LCU | — |
| 2006 | 194.27 million current LCU | +6.9% |
| 2007 | 199.40 million current LCU | +2.6% |
| 2008 | 211.54 million current LCU | +6.1% |
| 2009 | 206.05 million current LCU | -2.6% |
| 2010 | 203.80 million current LCU | -1.1% |
| 2011 | 213.15 million current LCU | +4.6% |
| 2012 | 229.89 million current LCU | +7.9% |
| 2013 | 243.37 million current LCU | +5.9% |
| 2014 | 260.05 million current LCU | +6.9% |
| 2015 | 274.96 million current LCU | +5.7% |
| 2016 | 293.36 million current LCU | +6.7% |
| 2017 | 297.21 million current LCU | +1.3% |
| 2018 | 305.41 million current LCU | +2.8% |
| 2019 | 302.34 million current LCU | -1.0% |
| 2020 | 313.89 million current LCU | +3.8% |
| 2021 | 301.75 million current LCU | -3.9% |
| 2022 | 320.69 million current LCU | +6.3% |
| 2023 | 339.25 million current LCU | +5.8% |
| 2024 | 363.09 million current LCU | +7.0% |
Palau compared with similar countries
- Palau's 363.09 million current LCU is below the median for high income countries, which is 326.40 billion current LCU, 0% of the median. (67 countries reporting)
- Palau's 363.09 million current LCU is below the median for East Asia & Pacific, which is 737.40 billion current LCU, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 198.59 million current LCU | 181.68 million current LCU | 211.54 million current LCU | 5 |
| 2010s | 262.35 million current LCU | 203.80 million current LCU | 305.41 million current LCU | 10 |
| 2020s | 327.74 million current LCU | 301.75 million current LCU | 363.09 million current LCU | 5 |
Countries ranked near Palau
- 184 Tonga 1.84 billion current LCU compare
- 185 San Marino 982.71 million current LCU compare
- 186 Kiribati 846.70 million current LCU compare
- 188 Marshall Islands 353.44 million current LCU 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)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- 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)
Frequently asked questions
- What is final consumption expenditure in Palau?
- Final consumption expenditure in Palau was 363.09 million current LCU 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 363.09 million current LCU in 2024.
- What is the lowest final consumption expenditure recorded in Palau?
- The lowest recorded value was 181.68 million current LCU in 2005.
- How does Palau rank for final consumption expenditure?
- Palau ranks 187th out of 188 countries with data for 2024.
- Is final consumption expenditure rising or falling in Palau?
- Over the last ten years it is up 39.6%. 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 (current LCU). 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.