Imports of goods and services (BoP, current US$) in Palau
Palau: Imports of goods and services (BoP, current US$) was 207.17 million BoP, current US$ in 2023. ▲ Rising
Imports of goods and services in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, imports of goods and services in Palau stood at 207.17 million BoP, current US$.
That represents a change of down 5.8% on the previous year and up 9.3% over ten years.
Over the whole period, imports of goods and services in Palau peaked at 221.84 million BoP, current US$ in 2017 and was at its lowest, 130.46 million BoP, current US$, in 2009.
Palau ranks 198th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Imports of goods and services (BoP, current US$) in Palau, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 139.00 million BoP, current US$ | — |
| 2006 | 148.58 million BoP, current US$ | +6.9% |
| 2007 | 144.46 million BoP, current US$ | -2.8% |
| 2008 | 160.53 million BoP, current US$ | +11.1% |
| 2009 | 130.46 million BoP, current US$ | -18.7% |
| 2010 | 145.72 million BoP, current US$ | +11.7% |
| 2011 | 164.08 million BoP, current US$ | +12.6% |
| 2012 | 184.06 million BoP, current US$ | +12.2% |
| 2013 | 189.49 million BoP, current US$ | +3.0% |
| 2014 | 221.78 million BoP, current US$ | +17.0% |
| 2015 | 209.48 million BoP, current US$ | -5.5% |
| 2016 | 210.79 million BoP, current US$ | +0.6% |
| 2017 | 221.84 million BoP, current US$ | +5.2% |
| 2018 | 214.89 million BoP, current US$ | -3.1% |
| 2019 | 216.42 million BoP, current US$ | +0.7% |
| 2020 | 208.83 million BoP, current US$ | -3.5% |
| 2021 | 171.63 million BoP, current US$ | -17.8% |
| 2022 | 219.93 million BoP, current US$ | +28.1% |
| 2023 | 207.17 million BoP, current US$ | -5.8% |
Palau compared with similar countries
- Palau's 207.17 million BoP, current US$ is below the median for high income countries, which is 66.46 billion BoP, current US$, 0% of the median. (72 countries reporting)
- Palau's 207.17 million BoP, current US$ is below the median for East Asia & Pacific, which is 11.83 billion BoP, current US$, 2% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 144.60 million BoP, current US$ | 130.46 million BoP, current US$ | 160.53 million BoP, current US$ | 5 |
| 2010s | 197.85 million BoP, current US$ | 145.72 million BoP, current US$ | 221.84 million BoP, current US$ | 10 |
| 2020s | 201.89 million BoP, current US$ | 171.63 million BoP, current US$ | 219.93 million BoP, current US$ | 4 |
Countries ranked near Palau
- 195 Central African Republic 244.41 million BoP, current US$
- 196 Marshall Islands 237.15 million BoP, current US$ compare
- 197 Micronesia (country) 231.26 million BoP, current US$ compare
- 199 Nauru 180.88 million BoP, current US$ compare
- 200 Tuvalu 67.55 million BoP, 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)
- 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 imports of goods and services in Palau?
- Imports of goods and services in Palau was 207.17 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Palau?
- The highest recorded value was 221.84 million BoP, current US$ in 2017.
- What is the lowest imports of goods and services recorded in Palau?
- The lowest recorded value was 130.46 million BoP, current US$ in 2009.
- How does Palau rank for imports of goods and services?
- Palau ranks 198th out of 200 countries with data for 2023.
- Is imports of goods and services rising or falling in Palau?
- Over the last ten years it is up 9.3%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Imports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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.