Industry (including construction), value added (constant LCU) in Palau
Palau: Industry (including construction), value added (constant LCU) was 27.24 million constant LCU in 2024. ▼ Falling
Industry (including construction), value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Palau recorded 27.24 million constant LCU 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 55.34 million constant LCU in 2002 and was at its lowest, 18.01 million constant LCU, in 2013.
That places Palau 199th out of 200 countries with data for 2024, putting it 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 LCU) in Palau, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2000 | 33.83 million constant LCU | — |
| 2001 | 45.37 million constant LCU | +34.1% |
| 2002 | 55.34 million constant LCU | +22.0% |
| 2003 | 43.68 million constant LCU | -21.1% |
| 2004 | 40.55 million constant LCU | -7.2% |
| 2005 | 39.79 million constant LCU | -1.9% |
| 2006 | 35.86 million constant LCU | -9.9% |
| 2007 | 32.30 million constant LCU | -9.9% |
| 2008 | 26.70 million constant LCU | -17.3% |
| 2009 | 19.46 million constant LCU | -27.1% |
| 2010 | 20.20 million constant LCU | +3.8% |
| 2011 | 20.42 million constant LCU | +1.1% |
| 2012 | 19.70 million constant LCU | -3.5% |
| 2013 | 18.01 million constant LCU | -8.6% |
| 2014 | 18.16 million constant LCU | +0.8% |
| 2015 | 23.17 million constant LCU | +27.6% |
| 2016 | 27.32 million constant LCU | +17.9% |
| 2017 | 24.99 million constant LCU | -8.5% |
| 2018 | 24.57 million constant LCU | -1.7% |
| 2019 | 31.69 million constant LCU | +29.0% |
| 2020 | 30.35 million constant LCU | -4.2% |
| 2021 | 30.59 million constant LCU | +0.8% |
| 2022 | 24.71 million constant LCU | -19.2% |
| 2023 | 19.85 million constant LCU | -19.7% |
| 2024 | 27.24 million constant LCU | +37.2% |
Palau compared with similar countries
- Palau's 27.24 million constant LCU is below the median for high income countries, which is 57.24 billion constant LCU, 0% of the median. (70 countries reporting)
- Palau's 27.24 million constant LCU is below the median for East Asia & Pacific, which is 154.77 billion constant LCU, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.29 million constant LCU | 19.46 million constant LCU | 55.34 million constant LCU | 10 |
| 2010s | 22.82 million constant LCU | 18.01 million constant LCU | 31.69 million constant LCU | 10 |
| 2020s | 26.55 million constant LCU | 19.85 million constant LCU | 30.59 million constant LCU | 5 |
Countries ranked near Palau
- 196 East Timor 115.48 million constant LCU compare
- 197 Kiribati 47.82 million constant LCU compare
- 198 Marshall Islands 28.56 million constant LCU compare
- 200 Micronesia (country) 11.00 million constant LCU 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 27.24 million constant LCU 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 55.34 million constant LCU in 2002.
- What is the lowest industry (including construction), value added recorded in Palau?
- The lowest recorded value was 18.01 million constant LCU in 2013.
- How does Palau rank for industry (including construction), value added?
- Palau ranks 199th out of 200 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 LCU). 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 varies by country. This series is expressed in local currency units.