Gross Domestic Product — Value US$ in Palau
Palau: Gross Domestic Product — Value US$ was 313.62 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Palau, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Palau stood at 313.62 million USD. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 11.3% on the previous year and up 29.0% over ten years.
Over the whole period, gross domestic product — value us$ in Palau peaked at 313.62 million USD in 2024 and was at its lowest, 9.33 million USD, in 1970.
Palau ranks 230th of 236 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Palau, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 9.33 million USD | — |
| 1971 | 10.25 million USD | +9.9% |
| 1972 | 11.26 million USD | +9.8% |
| 1973 | 12.37 million USD | +9.9% |
| 1974 | 13.59 million USD | +9.9% |
| 1975 | 14.94 million USD | +9.9% |
| 1976 | 16.43 million USD | +10.0% |
| 1977 | 18 million USD | +9.5% |
| 1978 | 19.79 million USD | +10.0% |
| 1979 | 21.79 million USD | +10.1% |
| 1980 | 23.99 million USD | +10.1% |
| 1981 | 26.4 million USD | +10.1% |
| 1982 | 29.07 million USD | +10.1% |
| 1983 | 32 million USD | +10.1% |
| 1984 | 36.16 million USD | +13.0% |
| 1985 | 41.17 million USD | +13.9% |
| 1986 | 46.88 million USD | +13.9% |
| 1987 | 53.39 million USD | +13.9% |
| 1988 | 60.79 million USD | +13.9% |
| 1989 | 69.23 million USD | +13.9% |
| 1990 | 78.83 million USD | +13.9% |
| 1991 | 86.83 million USD | +10.2% |
| 1992 | 93.34 million USD | +7.5% |
| 1993 | 85.93 million USD | -7.9% |
| 1994 | 90.96 million USD | +5.8% |
| 1995 | 110.39 million USD | +21.4% |
| 1996 | 131.83 million USD | +19.4% |
| 1997 | 142.77 million USD | +8.3% |
| 1998 | 147.95 million USD | +3.6% |
| 1999 | 143.12 million USD | -3.3% |
| 2000 | 147.83 million USD | +3.3% |
| 2001 | 158.16 million USD | +7.0% |
| 2002 | 161.62 million USD | +2.2% |
| 2003 | 157.96 million USD | -2.3% |
| 2004 | 173.37 million USD | +9.8% |
| 2005 | 184.74 million USD | +6.6% |
| 2006 | 189.3 million USD | +2.5% |
| 2007 | 194.86 million USD | +2.9% |
| 2008 | 198.24 million USD | +1.7% |
| 2009 | 183.69 million USD | -7.3% |
| 2010 | 183.23 million USD | -0.2% |
| 2011 | 194.28 million USD | +6.0% |
| 2012 | 212.97 million USD | +9.6% |
| 2013 | 224.49 million USD | +5.4% |
| 2014 | 243.16 million USD | +8.3% |
| 2015 | 280.44 million USD | +15.3% |
| 2016 | 299.05 million USD | +6.6% |
| 2017 | 285.62 million USD | -4.5% |
| 2018 | 284.88 million USD | -0.3% |
| 2019 | 281.94 million USD | -1.0% |
| 2020 | 258.99 million USD | -8.1% |
| 2021 | 235.75 million USD | -9.0% |
| 2022 | 255.59 million USD | +8.4% |
| 2023 | 281.85 million USD | +10.3% |
| 2024 | 313.62 million USD | +11.3% |
Palau compared with similar countries
- Palau's 313.62 million USD is below the median for high income countries, which is 95,350 million USD, 0% of the median. (73 countries reporting)
- Palau's 313.62 million USD is below the median for East Asia & Pacific, which is 15,030 million USD, 2% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.78 million USD | 9.33 million USD | 21.79 million USD | 10 |
| 1980s | 41.91 million USD | 23.99 million USD | 69.23 million USD | 10 |
| 1990s | 111.19 million USD | 78.83 million USD | 147.95 million USD | 10 |
| 2000s | 174.98 million USD | 147.83 million USD | 198.24 million USD | 10 |
| 2010s | 249.01 million USD | 183.23 million USD | 299.05 million USD | 10 |
| 2020s | 269.16 million USD | 235.75 million USD | 313.62 million USD | 5 |
Countries ranked near Palau
- 227 Micronesia (Federated States of) 488.5 million USD compare
- 228 Anguilla 438.8 million USD compare
- 229 Cook Islands 376.02 million USD compare
- 231 Kiribati 307.86 million USD compare
- 232 Marshall Islands 291.85 million USD compare
- 233 Nauru 189.89 million USD compare
- 233 Nauru 189.89 million USD 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)
- SDRs holdings, US dollar, annual growth rate 4.97 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0287 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 560.2 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.043 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0209 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 409.06 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0177 units per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Palau?
- Gross domestic product — value us$ in Palau was 313.62 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Palau?
- The highest recorded value was 313.62 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Palau?
- The lowest recorded value was 9.33 million USD in 1970.
- How does Palau rank for gross domestic product — value us$?
- Palau ranks 230th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Palau?
- Over the last ten years it is up 29.0%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).