Merchandise trade as a proportion of GDP (%) in Palau
Palau: Merchandise trade as a proportion of GDP (%) was 43.1% in 2024. ▼ Falling
Merchandise trade as a proportion of GDP in Palau, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, merchandise trade as a proportion of gdp in Palau stood at 43.1%. That is the lowest value across all 25 years on record.
That represents a change of down 41.2% on the previous year and down 39.8% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Palau peaked at 92.9% in 2000 and was at its lowest, 43.1%, in 2024.
That places Palau 144th out of 220 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Merchandise trade as a proportion of GDP (%) in Palau, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 92.9% | — |
| 2001 | 73.4% | -21.1% |
| 2002 | 71.9% | -2.0% |
| 2003 | 62.1% | -13.7% |
| 2004 | 67.9% | +9.4% |
| 2005 | 61.8% | -9.0% |
| 2006 | 66.6% | +7.8% |
| 2007 | 63.3% | -5.1% |
| 2008 | 69.6% | +10.1% |
| 2009 | 50.6% | -27.4% |
| 2010 | 60.1% | +18.8% |
| 2011 | 67.9% | +13.0% |
| 2012 | 70.0% | +3.1% |
| 2013 | 78.5% | +12.1% |
| 2014 | 71.7% | -8.7% |
| 2015 | 54.3% | -24.2% |
| 2016 | 52.7% | -2.9% |
| 2017 | 64.4% | +22.0% |
| 2018 | 62.5% | -2.9% |
| 2019 | 69.8% | +11.8% |
| 2020 | 59.6% | -14.7% |
| 2021 | 68.3% | +14.6% |
| 2022 | 88.2% | +29.1% |
| 2023 | 73.4% | -16.8% |
| 2024 | 43.1% | -41.2% |
Palau compared with similar countries
- Palau's 43.1% is below the median for high income countries, which is 56.9%, 76% of the median. (73 countries reporting)
- Palau's 43.1% is below the median for East Asia & Pacific, which is 56.4%, 76% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 68.0% | 50.6% | 92.9% | 10 |
| 2010s | 65.2% | 52.7% | 78.5% | 10 |
| 2020s | 66.5% | 43.1% | 88.2% | 5 |
Countries ranked near Palau
- 141 Luxembourg 44.3% compare
- 142 France 44.0% compare
- 143 Saudi Arabia 43.4% compare
- 145 Ghana 43.1% compare
- 146 Somalia 42.8% compare
- 147 Côte d'Ivoire 42.6% compare
- 147 Cote d'Ivoire 42.6% 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 merchandise trade as a proportion of gdp in Palau?
- Merchandise trade as a proportion of gdp in Palau was 43.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Palau?
- The highest recorded value was 92.9% in 2000.
- What is the lowest merchandise trade as a proportion of gdp recorded in Palau?
- The lowest recorded value was 43.1% in 2024.
- How does Palau rank for merchandise trade as a proportion of gdp?
- Palau ranks 144th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Palau?
- Over the last ten years it is down 39.8%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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