Personal remittances, received (current US$) (Personal IMF balance) in Palau
Palau: Personal remittances, received (current US$) (Personal IMF balance) was 2.22 million current US$ in 2023. ▲ Rising
Personal remittances, received in Palau, 2005–2023
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2023, personal remittances, received in Palau stood at 2.22 million current US$.
That represents a change of up 4.9% on the previous year and down 6.0% over ten years.
Over the whole period, personal remittances, received in Palau peaked at 2.37 million current US$ in 2017 and was at its lowest, 1.47 million current US$, in 2005.
Palau ranks 194th of 197 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Personal remittances, received (current US$) (Personal IMF balance) in Palau, year by year
| Year | current US$ | Change |
|---|---|---|
| 2005 | 1.47 million current US$ | — |
| 2006 | 1.54 million current US$ | +4.6% |
| 2007 | 1.53 million current US$ | -0.8% |
| 2008 | 1.60 million current US$ | +4.9% |
| 2009 | 1.59 million current US$ | -0.9% |
| 2010 | 1.69 million current US$ | +6.0% |
| 2011 | 1.97 million current US$ | +16.7% |
| 2012 | 2.36 million current US$ | +20.0% |
| 2013 | 2.36 million current US$ | -0.0% |
| 2014 | 2.22 million current US$ | -6.0% |
| 2015 | 2.27 million current US$ | +2.5% |
| 2016 | 2.36 million current US$ | +3.9% |
| 2017 | 2.37 million current US$ | +0.3% |
| 2018 | 2.32 million current US$ | -2.1% |
| 2019 | 2.36 million current US$ | +1.9% |
| 2020 | 2.28 million current US$ | -3.7% |
| 2021 | 1.88 million current US$ | -17.3% |
| 2022 | 2.11 million current US$ | +12.3% |
| 2023 | 2.22 million current US$ | +4.9% |
Palau compared with similar countries
- Palau's 2.22 million current US$ is below the median for high income countries, which is 844.01 million current US$, 0% of the median. (69 countries reporting)
- Palau's 2.22 million current US$ is below the median for East Asia & Pacific, which is 472.99 million current US$, 0% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.55 million current US$ | 1.47 million current US$ | 1.60 million current US$ | 5 |
| 2010s | 2.23 million current US$ | 1.69 million current US$ | 2.37 million current US$ | 10 |
| 2020s | 2.12 million current US$ | 1.88 million current US$ | 2.28 million current US$ | 4 |
Countries ranked near Palau
- 191 Papua New Guinea 3.87 million current US$ compare
- 192 Tuvalu 2.59 million current US$ compare
- 193 Nauru 2.24 million current US$ compare
- 195 Chad 724,057 current US$
- 196 Equatorial Guinea 164,206 current US$
- 197 Central African Republic 158,919 current US$
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0177 units per US$ of GDP (2025)
Frequently asked questions
- What is personal remittances, received in Palau?
- Personal remittances, received in Palau was 2.22 million current US$ in 2023, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Palau?
- The highest recorded value was 2.37 million current US$ in 2017.
- What is the lowest personal remittances, received recorded in Palau?
- The lowest recorded value was 1.47 million current US$ in 2005.
- How does Palau rank for personal remittances, received?
- Palau ranks 194th out of 197 countries with data for 2023.
- Is personal remittances, received rising or falling in Palau?
- Over the last ten years it is down 6.0%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.