Gross value added at basic prices (GVA) (current LCU) in Palau
Palau: Gross value added at basic prices (GVA) (current LCU) was 281.37 million current LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Palau, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Palau recorded 281.37 million current LCU for gross value added at basic prices (gva) in 2024. That is the highest value across all 25 years on record.
That represents a change of up 18.0% on the previous year and up 29.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Palau peaked at 281.37 million current LCU in 2024 and was at its lowest, 136.79 million current LCU, in 2000.
That places Palau 204th out of 207 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Gross value added at basic prices (GVA) (current LCU) in Palau, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 136.79 million current LCU | — |
| 2001 | 145.91 million current LCU | +6.7% |
| 2002 | 149.53 million current LCU | +2.5% |
| 2003 | 141.34 million current LCU | -5.5% |
| 2004 | 150.31 million current LCU | +6.3% |
| 2005 | 166.97 million current LCU | +11.1% |
| 2006 | 173.02 million current LCU | +3.6% |
| 2007 | 177.99 million current LCU | +2.9% |
| 2008 | 179.81 million current LCU | +1.0% |
| 2009 | 168.07 million current LCU | -6.5% |
| 2010 | 166.91 million current LCU | -0.7% |
| 2011 | 175.22 million current LCU | +5.0% |
| 2012 | 190.59 million current LCU | +8.8% |
| 2013 | 201.25 million current LCU | +5.6% |
| 2014 | 216.82 million current LCU | +7.7% |
| 2015 | 252.51 million current LCU | +16.5% |
| 2016 | 271.84 million current LCU | +7.7% |
| 2017 | 256.05 million current LCU | -5.8% |
| 2018 | 256.72 million current LCU | +0.3% |
| 2019 | 252.74 million current LCU | -1.6% |
| 2020 | 235.38 million current LCU | -6.9% |
| 2021 | 212.29 million current LCU | -9.8% |
| 2022 | 221.86 million current LCU | +4.5% |
| 2023 | 238.55 million current LCU | +7.5% |
| 2024 | 281.37 million current LCU | +18.0% |
Palau compared with similar countries
- Palau's 281.37 million current LCU is below the median for high income countries, which is 266.17 billion current LCU, 0% of the median. (77 countries reporting)
- Palau's 281.37 million current LCU is below the median for East Asia & Pacific, which is 504.71 billion current LCU, 0% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 158.97 million current LCU | 136.79 million current LCU | 179.81 million current LCU | 10 |
| 2010s | 224.06 million current LCU | 166.91 million current LCU | 271.84 million current LCU | 10 |
| 2020s | 237.89 million current LCU | 212.29 million current LCU | 281.37 million current LCU | 5 |
Countries ranked near Palau
More economy & growth data for Palau
- Real gdp growth, annual growth rate 881.68 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross value added at basic prices (gva) in Palau?
- Gross value added at basic prices (gva) in Palau was 281.37 million current LCU 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 281.37 million current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Palau?
- The lowest recorded value was 136.79 million current LCU in 2000.
- How does Palau rank for gross value added at basic prices (gva)?
- Palau ranks 204th out of 207 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 29.8%. The long-run trend across the full record is rising.
- 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) (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.