Gross value added at basic prices (GVA) (current LCU), annual growth in Palau
Palau: Gross value added at basic prices (GVA) (current LCU), annual growth was 17.95 % change on previous year in 2024. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Palau, 2001–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross value added at basic prices (gva) (current lcu), annual growth in Palau stood at 17.95 % change on previous year. That is the highest value across all 24 years on record.
The figure is up 138.7% on the previous year and up 132.0% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Palau peaked at 17.95 % change on previous year in 2024 and was at its lowest, -9.81 % change on previous year, in 2021.
Palau ranks 23rd of 205 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current LCU), annual growth in Palau, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2001 | 6.67 % change on previous year | — |
| 2002 | 2.48 % change on previous year | -62.9% |
| 2003 | -5.48 % change on previous year | -321.2% |
| 2004 | 6.35 % change on previous year | -215.9% |
| 2005 | 11.09 % change on previous year | +74.7% |
| 2006 | 3.62 % change on previous year | -67.3% |
| 2007 | 2.87 % change on previous year | -20.7% |
| 2008 | 1.02 % change on previous year | -64.4% |
| 2009 | -6.53 % change on previous year | -739.3% |
| 2010 | -0.6878 % change on previous year | -89.5% |
| 2011 | 4.98 % change on previous year | -823.7% |
| 2012 | 8.77 % change on previous year | +76.2% |
| 2013 | 5.59 % change on previous year | -36.2% |
| 2014 | 7.74 % change on previous year | +38.3% |
| 2015 | 16.46 % change on previous year | +112.8% |
| 2016 | 7.65 % change on previous year | -53.5% |
| 2017 | -5.81 % change on previous year | -175.9% |
| 2018 | 0.2624 % change on previous year | -104.5% |
| 2019 | -1.55 % change on previous year | -690.7% |
| 2020 | -6.87 % change on previous year | +343.1% |
| 2021 | -9.81 % change on previous year | +42.8% |
| 2022 | 4.51 % change on previous year | -145.9% |
| 2023 | 7.52 % change on previous year | +66.9% |
| 2024 | 17.95 % change on previous year | +138.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.45 % change on previous year | -6.53 % change on previous year | 11.09 % change on previous year | 9 |
| 2010s | 4.34 % change on previous year | -5.81 % change on previous year | 16.46 % change on previous year | 10 |
| 2020s | 2.66 % change on previous year | -9.81 % change on previous year | 17.95 % change on previous year | 5 |
Countries ranked near Palau
- 20 Kiribati 18.3 % change on previous year compare
- 21 Nigeria 18.25 % change on previous year compare
- 22 Tajikistan 18.12 % change on previous year compare
- 24 Lebanon 16.99 % change on previous year compare
- 25 Rwanda 16.95 % change on previous year compare
- 26 Kazakhstan 16.55 % change on previous year 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)
- Gdp worldbank constant usd, annual growth rate 6.29 % change on previous year (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (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)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- Taxes less subsidies on products (current LCU), per capita 2,268 current LCU per person (2024)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), annual growth in Palau?
- Gross value added at basic prices (gva) (current lcu), annual growth in Palau was 17.95 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Palau?
- The highest recorded value was 17.95 % change on previous year in 2024.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Palau?
- The lowest recorded value was -9.81 % change on previous year in 2021.
- How does Palau rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Palau ranks 23rd out of 205 countries with data for 2024.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Palau?
- Over the last ten years it is up 132.0%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.