General government final consumption expenditure in Palau
Palau: General government final consumption expenditure was 38.3% in 2024. ▲ Rising
General government final consumption expenditure in Palau, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for general government final consumption expenditure in Palau is 38.3%, measured in 2024.
Compared with earlier readings it is down 8.3% on the previous year and up 21.6% over ten years.
Over the whole period, general government final consumption expenditure in Palau peaked at 44.8% in 2021 and was at its lowest, 28.3%, in 2015.
Palau ranks 6th 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.
General government final consumption expenditure in Palau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 31.1% | — |
| 2006 | 33.4% | +7.4% |
| 2007 | 32.9% | -1.6% |
| 2008 | 34.4% | +4.8% |
| 2009 | 37.7% | +9.6% |
| 2010 | 37.3% | -1.2% |
| 2011 | 35.6% | -4.7% |
| 2012 | 32.7% | -8.0% |
| 2013 | 32.6% | -0.5% |
| 2014 | 31.5% | -3.3% |
| 2015 | 28.3% | -10.3% |
| 2016 | 28.4% | +0.5% |
| 2017 | 30.1% | +6.0% |
| 2018 | 32.2% | +7.1% |
| 2019 | 33.8% | +4.8% |
| 2020 | 42.0% | +24.3% |
| 2021 | 44.8% | +6.5% |
| 2022 | 42.3% | -5.6% |
| 2023 | 41.7% | -1.2% |
| 2024 | 38.3% | -8.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.9% | 31.1% | 37.7% | 5 |
| 2010s | 32.2% | 28.3% | 37.3% | 10 |
| 2020s | 41.8% | 38.3% | 44.8% | 5 |
Countries ranked near Palau
- 3 Marshall Islands 54.5% compare
- 4 Greenland 41.7% compare
- 5 Ukraine 38.9% compare
- 7 Lesotho 36.4% compare
- 8 United States Virgin Islands 34.4% compare
- 9 Equatorial Guinea 32.4% 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 38.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest general government final consumption expenditure recorded in Palau?
- The highest recorded value was 44.8% in 2021.
- What is the lowest general government final consumption expenditure recorded in Palau?
- The lowest recorded value was 28.3% in 2015.
- How does Palau rank for general government final consumption expenditure?
- Palau ranks 6th 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 21.6%. 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 General government final consumption expenditure (% of GDP). 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 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.