General government final consumption expenditure in Palau
Palau: General government final consumption expenditure was 123.13 million current US$ in 2024. ▲ Rising
General government final consumption expenditure in Palau, 2005–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for general government final consumption expenditure in Palau is 123.13 million current US$, measured in 2024. That is the highest value across all 20 years on record.
That represents a change of up 6.8% on the previous year and up 59.3% over ten years.
Over the whole period, general government final consumption expenditure in Palau peaked at 123.13 million current US$ in 2024 and was at its lowest, 57.76 million current US$, in 2005.
That places Palau 185th out of 187 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
General government final consumption expenditure in Palau, year by year
| Year | current US$ | Change |
|---|---|---|
| 2005 | 57.76 million current US$ | — |
| 2006 | 63.73 million current US$ | +10.3% |
| 2007 | 64.43 million current US$ | +1.1% |
| 2008 | 68.57 million current US$ | +6.4% |
| 2009 | 69.46 million current US$ | +1.3% |
| 2010 | 68.74 million current US$ | -1.0% |
| 2011 | 69.40 million current US$ | +1.0% |
| 2012 | 70.35 million current US$ | +1.4% |
| 2013 | 73.71 million current US$ | +4.8% |
| 2014 | 77.28 million current US$ | +4.8% |
| 2015 | 80.03 million current US$ | +3.6% |
| 2016 | 86.16 million current US$ | +7.7% |
| 2017 | 87.33 million current US$ | +1.4% |
| 2018 | 92.93 million current US$ | +6.4% |
| 2019 | 95.24 million current US$ | +2.5% |
| 2020 | 108.79 million current US$ | +14.2% |
| 2021 | 105.59 million current US$ | -2.9% |
| 2022 | 104.61 million current US$ | -0.9% |
| 2023 | 115.28 million current US$ | +10.2% |
| 2024 | 123.13 million current US$ | +6.8% |
Palau compared with similar countries
- Palau's 123.13 million current US$ is below the median for high income countries, which is 41.50 billion current US$, 0% of the median. (67 countries reporting)
- Palau's 123.13 million current US$ is below the median for East Asia & Pacific, which is 3.58 billion current US$, 3% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 64.79 million current US$ | 57.76 million current US$ | 69.46 million current US$ | 5 |
| 2010s | 80.12 million current US$ | 68.74 million current US$ | 95.24 million current US$ | 10 |
| 2020s | 111.48 million current US$ | 104.61 million current US$ | 123.13 million current US$ | 5 |
Countries ranked near Palau
- 182 Comoros 163.50 million current US$ compare
- 183 Marshall Islands 155.42 million current US$ compare
- 184 Tonga 152.39 million current US$ compare
- 186 Sao Tome and Principe 101.03 million current US$ compare
- 187 Venezuela 0 current 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 general government final consumption expenditure in Palau?
- General government final consumption expenditure in Palau was 123.13 million current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Palau?
- The highest recorded value was 123.13 million current US$ in 2024.
- What is the lowest general government final consumption expenditure recorded in Palau?
- The lowest recorded value was 57.76 million current US$ in 2005.
- How does Palau rank for general government final consumption expenditure?
- Palau ranks 185th out of 187 countries with data for 2024.
- Is general government final consumption expenditure rising or falling in Palau?
- Over the last ten years it is up 59.3%. 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 General government 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.