Gross value added at basic prices (GVA) (constant LCU) in Palau
Palau: Gross value added at basic prices (GVA) (constant LCU) was 235.29 million constant LCU in 2024. ▬ Flat
Gross value added at basic prices (GVA) in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Palau stood at 235.29 million constant LCU.
Compared with earlier readings it is 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 259.41 million constant LCU in 2016 and was at its lowest, 207.76 million constant LCU, in 2022.
Palau ranks 197th of 198 countries on this measure, in the bottom quarter.
Gross value added at basic prices (GVA) (constant LCU) in Palau, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2000 | 216.24 million constant LCU | — |
| 2001 | 233.41 million constant LCU | +7.9% |
| 2002 | 246.05 million constant LCU | +5.4% |
| 2003 | 240.45 million constant LCU | -2.3% |
| 2004 | 245.72 million constant LCU | +2.2% |
| 2005 | 251.15 million constant LCU | +2.2% |
| 2006 | 252.32 million constant LCU | +0.5% |
| 2007 | 254.21 million constant LCU | +0.7% |
| 2008 | 236.50 million constant LCU | -7.0% |
| 2009 | 222.20 million constant LCU | -6.0% |
| 2010 | 215.61 million constant LCU | -3.0% |
| 2011 | 224.46 million constant LCU | +4.1% |
| 2012 | 226.44 million constant LCU | +0.9% |
| 2013 | 223.66 million constant LCU | -1.2% |
| 2014 | 231.61 million constant LCU | +3.6% |
| 2015 | 254.42 million constant LCU | +9.8% |
| 2016 | 259.41 million constant LCU | +2.0% |
| 2017 | 250.94 million constant LCU | -3.3% |
| 2018 | 250.62 million constant LCU | -0.1% |
| 2019 | 252.74 million constant LCU | +0.8% |
| 2020 | 236.72 million constant LCU | -6.3% |
| 2021 | 210.67 million constant LCU | -11.0% |
| 2022 | 207.76 million constant LCU | -1.4% |
| 2023 | 211.05 million constant LCU | +1.6% |
| 2024 | 235.29 million constant LCU | +11.5% |
Palau compared with similar countries
- Palau's 235.29 million constant LCU is below the median for high income countries, which is 270.55 billion constant LCU, 0% of the median. (70 countries reporting)
- Palau's 235.29 million constant LCU is below the median for East Asia & Pacific, which is 473.15 billion constant LCU, 0% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 239.82 million constant LCU | 216.24 million constant LCU | 254.21 million constant LCU | 10 |
| 2010s | 238.99 million constant LCU | 215.61 million constant LCU | 259.41 million constant LCU | 10 |
| 2020s | 220.30 million constant LCU | 207.76 million constant LCU | 236.72 million constant LCU | 5 |
Countries ranked near Palau
- 194 Tonga 902.26 million constant LCU compare
- 195 Kiribati 378.20 million constant LCU compare
- 196 Micronesia (country) 239.36 million constant LCU compare
- 198 Marshall Islands 211.17 million constant LCU 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 235.29 million constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Palau?
- The highest recorded value was 259.41 million constant LCU in 2016.
- What is the lowest gross value added at basic prices (gva) recorded in Palau?
- The lowest recorded value was 207.76 million constant LCU in 2022.
- How does Palau rank for gross value added at basic prices (gva)?
- Palau ranks 197th out of 198 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). 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 varies by country. This series is expressed in local currency units.