Gross savings in Palau
Palau: Gross savings was -35.86 million current US$ in 2023. ◆ Volatile
Gross savings in Palau, 2005–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross savings in Palau is -35.86 million current US$, measured in 2023. That is the lowest value across all 19 years on record.
Compared with earlier readings it is down 426.5% on the previous year and down 1,103.7% over ten years.
Over the whole period, gross savings in Palau peaked at 26.71 million current US$ in 2016 and was at its lowest, -35.86 million current US$, in 2023.
Palau ranks 174th of 178 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Palau, year by year
| Year | current US$ | Change |
|---|---|---|
| 2005 | 16.61 million current US$ | — |
| 2006 | 8.56 million current US$ | -48.5% |
| 2007 | 9.13 million current US$ | +6.7% |
| 2008 | 2.87 million current US$ | -68.6% |
| 2009 | -1.19 million current US$ | -141.6% |
| 2010 | 4.92 million current US$ | -512.0% |
| 2011 | 5.32 million current US$ | +8.3% |
| 2012 | 3.41 million current US$ | -35.9% |
| 2013 | 3.57 million current US$ | +4.7% |
| 2014 | 2.03 million current US$ | -43.2% |
| 2015 | 13.43 million current US$ | +562.1% |
| 2016 | 26.71 million current US$ | +98.9% |
| 2017 | 16.85 million current US$ | -36.9% |
| 2018 | 21.75 million current US$ | +29.1% |
| 2019 | 3.45 million current US$ | -84.2% |
| 2020 | -18.72 million current US$ | -643.2% |
| 2021 | -5.05 million current US$ | -73.0% |
| 2022 | -6.81 million current US$ | +34.9% |
| 2023 | -35.86 million current US$ | +426.5% |
Palau compared with similar countries
- Palau's -35.86 million current US$ is below the median for high income countries, which is 58.75 billion current US$. (63 countries reporting)
- Palau's -35.86 million current US$ is below the median for East Asia & Pacific, which is 6.81 billion current US$. (29 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Palau changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -643.2% | 3.45 million current US$ | -18.72 million current US$ |
| 2015 | +562.1% | 2.03 million current US$ | 13.43 million current US$ |
| 2010 | +512.0% | -1.19 million current US$ | 4.92 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.20 million current US$ | -1.19 million current US$ | 16.61 million current US$ | 5 |
| 2010s | 10.14 million current US$ | 2.03 million current US$ | 26.71 million current US$ | 10 |
| 2020s | -16.61 million current US$ | -35.86 million current US$ | -5.05 million current US$ | 4 |
Countries ranked near Palau
- 171 Seychelles 56.61 million current US$ compare
- 172 Kiribati 44.11 million current US$ compare
- 173 Solomon Islands 17.12 million current US$ compare
- 175 Malawi -224.99 million current US$ compare
- 176 East Timor -394.17 million current US$ compare
- 177 Yemen -1.41 billion 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 gross savings in Palau?
- Gross savings in Palau was -35.86 million current US$ in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Palau?
- The highest recorded value was 26.71 million current US$ in 2016.
- What is the lowest gross savings recorded in Palau?
- The lowest recorded value was -35.86 million current US$ in 2023.
- How does Palau rank for gross savings?
- Palau ranks 174th out of 178 countries with data for 2023.
- Is gross savings rising or falling in Palau?
- Over the last ten years it is down 1,103.7%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.