Gross value added at basic prices (GVA) (constant 2015 US$) in Palau
Palau: Gross value added at basic prices (GVA) (constant 2015 US$) was 233.52 million constant 2015 US$ in 2024. ▬ Flat
Gross value added at basic prices (GVA) in Palau, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Palau recorded 233.52 million constant 2015 US$ for gross value added at basic prices (gva) in 2024.
That represents a change of up 11.5% on the previous year and up 1.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Palau peaked at 257.47 million constant 2015 US$ in 2016 and was at its lowest, 206.20 million constant 2015 US$, in 2022.
Palau ranks 193rd of 194 countries on this measure, in the bottom quarter.
Gross value added at basic prices (GVA) (constant 2015 US$) in Palau, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2000 | 214.62 million constant 2015 US$ | — |
| 2001 | 231.66 million constant 2015 US$ | +7.9% |
| 2002 | 244.20 million constant 2015 US$ | +5.4% |
| 2003 | 238.65 million constant 2015 US$ | -2.3% |
| 2004 | 243.88 million constant 2015 US$ | +2.2% |
| 2005 | 249.27 million constant 2015 US$ | +2.2% |
| 2006 | 250.44 million constant 2015 US$ | +0.5% |
| 2007 | 252.30 million constant 2015 US$ | +0.7% |
| 2008 | 234.72 million constant 2015 US$ | -7.0% |
| 2009 | 220.54 million constant 2015 US$ | -6.0% |
| 2010 | 213.99 million constant 2015 US$ | -3.0% |
| 2011 | 222.78 million constant 2015 US$ | +4.1% |
| 2012 | 224.74 million constant 2015 US$ | +0.9% |
| 2013 | 221.98 million constant 2015 US$ | -1.2% |
| 2014 | 229.87 million constant 2015 US$ | +3.6% |
| 2015 | 252.51 million constant 2015 US$ | +9.8% |
| 2016 | 257.47 million constant 2015 US$ | +2.0% |
| 2017 | 249.06 million constant 2015 US$ | -3.3% |
| 2018 | 248.74 million constant 2015 US$ | -0.1% |
| 2019 | 250.85 million constant 2015 US$ | +0.8% |
| 2020 | 234.95 million constant 2015 US$ | -6.3% |
| 2021 | 209.09 million constant 2015 US$ | -11.0% |
| 2022 | 206.20 million constant 2015 US$ | -1.4% |
| 2023 | 209.47 million constant 2015 US$ | +1.6% |
| 2024 | 233.52 million constant 2015 US$ | +11.5% |
Palau compared with similar countries
- Palau's 233.52 million constant 2015 US$ is below the median for high income countries, which is 96.66 billion constant 2015 US$, 0% of the median. (69 countries reporting)
- Palau's 233.52 million constant 2015 US$ is below the median for East Asia & Pacific, which is 31.94 billion constant 2015 US$, 1% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 238.03 million constant 2015 US$ | 214.62 million constant 2015 US$ | 252.30 million constant 2015 US$ | 10 |
| 2010s | 237.20 million constant 2015 US$ | 213.99 million constant 2015 US$ | 257.47 million constant 2015 US$ | 10 |
| 2020s | 218.65 million constant 2015 US$ | 206.20 million constant 2015 US$ | 234.95 million constant 2015 US$ | 5 |
Countries ranked near Palau
- 190 Micronesia (country) 309.56 million constant 2015 US$ compare
- 191 Sao Tome and Principe 304.84 million constant 2015 US$ compare
- 192 Kiribati 273.29 million constant 2015 US$ compare
- 194 Marshall Islands 211.17 million constant 2015 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)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (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)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) in Palau?
- Gross value added at basic prices (gva) in Palau was 233.52 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Palau?
- The highest recorded value was 257.47 million constant 2015 US$ in 2016.
- What is the lowest gross value added at basic prices (gva) recorded in Palau?
- The lowest recorded value was 206.20 million constant 2015 US$ in 2022.
- How does Palau rank for gross value added at basic prices (gva)?
- Palau ranks 193rd out of 194 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Palau?
- Over the last ten years it is up 1.6%. The long-run trend across the full record is flat.
- 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 Gross value added at basic prices (GVA) (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.