Final consumption expenditure in Palau
Palau: Final consumption expenditure was 112.9% in 2024. ▲ Rising
Final consumption expenditure in Palau, 2005–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Palau recorded 112.9% for final consumption expenditure in 2024.
That represents a change of down 8.1% on the previous year and up 6.6% over ten years.
Over the whole period, final consumption expenditure in Palau peaked at 129.6% in 2022 and was at its lowest, 96.7%, in 2016.
Palau ranks 13th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Final consumption expenditure in Palau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 97.9% | — |
| 2006 | 101.8% | +4.1% |
| 2007 | 101.7% | -0.1% |
| 2008 | 106.3% | +4.5% |
| 2009 | 112.0% | +5.3% |
| 2010 | 110.6% | -1.2% |
| 2011 | 109.2% | -1.2% |
| 2012 | 107.0% | -2.1% |
| 2013 | 107.6% | +0.6% |
| 2014 | 106.0% | -1.5% |
| 2015 | 97.1% | -8.4% |
| 2016 | 96.7% | -0.4% |
| 2017 | 102.5% | +6.0% |
| 2018 | 106.0% | +3.4% |
| 2019 | 107.2% | +1.2% |
| 2020 | 121.2% | +13.0% |
| 2021 | 127.9% | +5.5% |
| 2022 | 129.6% | +1.3% |
| 2023 | 122.8% | -5.2% |
| 2024 | 112.9% | -8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 103.9% | 97.9% | 112.0% | 5 |
| 2010s | 105.0% | 96.7% | 110.6% | 10 |
| 2020s | 122.9% | 112.9% | 129.6% | 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 112.9% 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 129.6% in 2022.
- What is the lowest final consumption expenditure recorded in Palau?
- The lowest recorded value was 96.7% in 2016.
- How does Palau rank for final consumption expenditure?
- Palau ranks 13th out of 187 countries with data for 2024.
- Is final consumption expenditure rising or falling in Palau?
- Over the last ten years it is up 6.6%. 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 (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 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.