Final consumption expenditure in Palau
Palau: Final consumption expenditure was 363.09 million current US$ in 2024. ▲ Rising
Final consumption expenditure in Palau, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Palau recorded 363.09 million current US$ for final consumption expenditure in 2024. 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 US$ in 2024 and was at its lowest, 181.68 million current US$, in 2005.
That places Palau 187th out of 188 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Final consumption expenditure in Palau, year by year
| Year | current US$ | Change |
|---|---|---|
| 2005 | 181.68 million current US$ | — |
| 2006 | 194.27 million current US$ | +6.9% |
| 2007 | 199.40 million current US$ | +2.6% |
| 2008 | 211.54 million current US$ | +6.1% |
| 2009 | 206.05 million current US$ | -2.6% |
| 2010 | 203.80 million current US$ | -1.1% |
| 2011 | 213.15 million current US$ | +4.6% |
| 2012 | 229.89 million current US$ | +7.9% |
| 2013 | 243.37 million current US$ | +5.9% |
| 2014 | 260.05 million current US$ | +6.9% |
| 2015 | 274.96 million current US$ | +5.7% |
| 2016 | 293.36 million current US$ | +6.7% |
| 2017 | 297.21 million current US$ | +1.3% |
| 2018 | 305.41 million current US$ | +2.8% |
| 2019 | 302.34 million current US$ | -1.0% |
| 2020 | 313.89 million current US$ | +3.8% |
| 2021 | 301.75 million current US$ | -3.9% |
| 2022 | 320.69 million current US$ | +6.3% |
| 2023 | 339.25 million current US$ | +5.8% |
| 2024 | 363.09 million current US$ | +7.0% |
Palau compared with similar countries
- Palau's 363.09 million current US$ is below the median for high income countries, which is 123.73 billion current US$, 0% of the median. (67 countries reporting)
- Palau's 363.09 million current US$ is below the median for East Asia & Pacific, which is 16.77 billion current US$, 2% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 198.59 million current US$ | 181.68 million current US$ | 211.54 million current US$ | 5 |
| 2010s | 262.35 million current US$ | 203.80 million current US$ | 305.41 million current US$ | 10 |
| 2020s | 327.74 million current US$ | 301.75 million current US$ | 363.09 million current US$ | 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 final consumption expenditure in Palau?
- Final consumption expenditure in Palau was 363.09 million current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Palau?
- The highest recorded value was 363.09 million current US$ in 2024.
- What is the lowest final consumption expenditure recorded in Palau?
- The lowest recorded value was 181.68 million current US$ 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 Offices (NSOs), published as part of Final consumption expenditure (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.