Industry (including construction), value added (constant 2015 US$) in Palau
Palau: Industry (including construction), value added (constant 2015 US$) was 26.78 million constant 2015 US$ in 2024. ▼ Falling
Industry (including construction), value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Palau recorded 26.78 million constant 2015 US$ for industry (including construction), value added in 2024.
The figure is up 37.2% on the previous year and up 50.0% over ten years.
Over the whole period, industry (including construction), value added in Palau peaked at 54.39 million constant 2015 US$ in 2002 and was at its lowest, 17.71 million constant 2015 US$, in 2013.
Palau ranks 195th of 196 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Industry (including construction), value added (constant 2015 US$) in Palau, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2000 | 33.25 million constant 2015 US$ | — |
| 2001 | 44.59 million constant 2015 US$ | +34.1% |
| 2002 | 54.39 million constant 2015 US$ | +22.0% |
| 2003 | 42.94 million constant 2015 US$ | -21.1% |
| 2004 | 39.85 million constant 2015 US$ | -7.2% |
| 2005 | 39.11 million constant 2015 US$ | -1.9% |
| 2006 | 35.25 million constant 2015 US$ | -9.9% |
| 2007 | 31.75 million constant 2015 US$ | -9.9% |
| 2008 | 26.24 million constant 2015 US$ | -17.3% |
| 2009 | 19.12 million constant 2015 US$ | -27.1% |
| 2010 | 19.86 million constant 2015 US$ | +3.8% |
| 2011 | 20.07 million constant 2015 US$ | +1.1% |
| 2012 | 19.37 million constant 2015 US$ | -3.5% |
| 2013 | 17.71 million constant 2015 US$ | -8.6% |
| 2014 | 17.85 million constant 2015 US$ | +0.8% |
| 2015 | 22.77 million constant 2015 US$ | +27.6% |
| 2016 | 26.86 million constant 2015 US$ | +17.9% |
| 2017 | 24.57 million constant 2015 US$ | -8.5% |
| 2018 | 24.15 million constant 2015 US$ | -1.7% |
| 2019 | 31.15 million constant 2015 US$ | +29.0% |
| 2020 | 29.83 million constant 2015 US$ | -4.2% |
| 2021 | 30.07 million constant 2015 US$ | +0.8% |
| 2022 | 24.29 million constant 2015 US$ | -19.2% |
| 2023 | 19.51 million constant 2015 US$ | -19.7% |
| 2024 | 26.78 million constant 2015 US$ | +37.2% |
Palau compared with similar countries
- Palau's 26.78 million constant 2015 US$ is below the median for high income countries, which is 27.07 billion constant 2015 US$, 0% of the median. (69 countries reporting)
- Palau's 26.78 million constant 2015 US$ is below the median for East Asia & Pacific, which is 8.43 billion constant 2015 US$, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.65 million constant 2015 US$ | 19.12 million constant 2015 US$ | 54.39 million constant 2015 US$ | 10 |
| 2010s | 22.43 million constant 2015 US$ | 17.71 million constant 2015 US$ | 31.15 million constant 2015 US$ | 10 |
| 2020s | 26.10 million constant 2015 US$ | 19.51 million constant 2015 US$ | 30.07 million constant 2015 US$ | 5 |
Countries ranked near Palau
- 192 Kiribati 36.02 million constant 2015 US$ compare
- 193 Sao Tome and Principe 35.15 million constant 2015 US$ compare
- 194 Marshall Islands 28.56 million constant 2015 US$ compare
- 196 Micronesia (country) 19.26 million constant 2015 US$ compare
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 industry (including construction), value added in Palau?
- Industry (including construction), value added in Palau was 26.78 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Palau?
- The highest recorded value was 54.39 million constant 2015 US$ in 2002.
- What is the lowest industry (including construction), value added recorded in Palau?
- The lowest recorded value was 17.71 million constant 2015 US$ in 2013.
- How does Palau rank for industry (including construction), value added?
- Palau ranks 195th out of 196 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Palau?
- Over the last ten years it is up 50.0%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.