Industry (including construction), value added in Palau
Palau: Industry (including construction), value added was 41.87 million current LCU in 2024. ▲ Rising
Industry (including construction), value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, industry (including construction), value added in Palau stood at 41.87 million current LCU. That is the highest value across all 25 years on record.
That represents a change of up 50.3% on the previous year and up 124.0% over ten years.
Over the whole period, industry (including construction), value added in Palau peaked at 41.87 million current LCU in 2024 and was at its lowest, 16.65 million current LCU, in 2009.
Palau ranks 205th of 209 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Industry (including construction), value added in Palau, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 21.71 million current LCU | — |
| 2001 | 28.78 million current LCU | +32.6% |
| 2002 | 34.83 million current LCU | +21.0% |
| 2003 | 27.08 million current LCU | -22.3% |
| 2004 | 25.22 million current LCU | -6.9% |
| 2005 | 25.60 million current LCU | +1.5% |
| 2006 | 22.36 million current LCU | -12.7% |
| 2007 | 21.70 million current LCU | -2.9% |
| 2008 | 17.93 million current LCU | -17.4% |
| 2009 | 16.65 million current LCU | -7.1% |
| 2010 | 18.39 million current LCU | +10.5% |
| 2011 | 16.96 million current LCU | -7.7% |
| 2012 | 17.51 million current LCU | +3.2% |
| 2013 | 17.75 million current LCU | +1.4% |
| 2014 | 18.69 million current LCU | +5.3% |
| 2015 | 22.77 million current LCU | +21.9% |
| 2016 | 30.67 million current LCU | +34.7% |
| 2017 | 23.57 million current LCU | -23.1% |
| 2018 | 25.84 million current LCU | +9.6% |
| 2019 | 31.69 million current LCU | +22.6% |
| 2020 | 32.94 million current LCU | +4.0% |
| 2021 | 27.59 million current LCU | -16.3% |
| 2022 | 30.23 million current LCU | +9.6% |
| 2023 | 27.86 million current LCU | -7.8% |
| 2024 | 41.87 million current LCU | +50.3% |
Palau compared with similar countries
- Palau's 41.87 million current LCU is below the median for high income countries, which is 60.84 billion current LCU, 0% of the median. (77 countries reporting)
- Palau's 41.87 million current LCU is below the median for East Asia & Pacific, which is 130.07 billion current LCU, 0% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.18 million current LCU | 16.65 million current LCU | 34.83 million current LCU | 10 |
| 2010s | 22.38 million current LCU | 16.96 million current LCU | 31.69 million current LCU | 10 |
| 2020s | 32.10 million current LCU | 27.59 million current LCU | 41.87 million current LCU | 5 |
Countries ranked near Palau
- 202 Turks and Caicos Islands 162.97 million current LCU compare
- 203 Sint Maarten (Dutch part) 146.01 million current LCU compare
- 204 Kiribati 61.25 million current LCU compare
- 206 Marshall Islands 38.23 million current LCU compare
- 207 Micronesia (country) 26.47 million current LCU compare
- 208 Tuvalu 3.44 million current LCU 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)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (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)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
Frequently asked questions
- What is industry (including construction), value added in Palau?
- Industry (including construction), value added in Palau was 41.87 million current 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 41.87 million current LCU in 2024.
- What is the lowest industry (including construction), value added recorded in Palau?
- The lowest recorded value was 16.65 million current LCU in 2009.
- How does Palau rank for industry (including construction), value added?
- Palau ranks 205th out of 209 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Palau?
- Over the last ten years it is up 124.0%. 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 Offices (NSOs), published as part of Industry (including construction), value added (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.