Real gdp growth in Palau, Republic of
Palau, Republic of: Real gdp growth was 12.01 in 2024. ◆ Volatile
Real gdp growth in Palau, Republic of, 2001–2024
Source: Our World in Data.
Analysis
In 2024, real gdp growth in Palau, Republic of stood at 12.01. That is the highest value across all 24 years on record.
The figure is up 881.7% on the previous year and up 184.9% over ten years.
Over the whole period, real gdp growth in Palau, Republic of peaked at 12.01 in 2024 and was at its lowest, -11.91, in 2021.
That places Palau, Republic of 3rd out of 196 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Palau, Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 2001 | 7.35 | — |
| 2002 | 4.71 | -35.8% |
| 2003 | -2.13 | -145.1% |
| 2004 | 3.47 | -263.2% |
| 2005 | 2.88 | -16.9% |
| 2006 | 0.23 | -92.0% |
| 2007 | 0.686 | +198.3% |
| 2008 | -5.55 | -909.5% |
| 2009 | -6.2 | +11.6% |
| 2010 | -3.03 | -51.1% |
| 2011 | 4.54 | -250.1% |
| 2012 | 2.06 | -54.7% |
| 2013 | -1.39 | -167.6% |
| 2014 | 4.21 | -402.3% |
| 2015 | 8.57 | +103.4% |
| 2016 | 1.67 | -80.5% |
| 2017 | -3.42 | -305.2% |
| 2018 | -0.418 | -87.8% |
| 2019 | 0.301 | -172.0% |
| 2020 | -6.01 | -2095.7% |
| 2021 | -11.91 | +98.4% |
| 2022 | -0.463 | -96.1% |
| 2023 | 1.22 | -364.1% |
| 2024 | 12.01 | +881.7% |
Palau, Republic of compared with similar countries
- Palau, Republic of's 12.01 is above the median for high income countries, which is 2.4, 5.0× the median. (67 countries reporting)
- Palau, Republic of's 12.01 is above the median for East Asia & Pacific, which is 4.05, 3.0× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth in Palau, Republic of changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -2095.7% | 0.301 | -6.01 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6064 | -6.2 | 7.35 | 9 |
| 2010s | 1.31 | -3.42 | 8.57 | 10 |
| 2020s | -1.03 | -11.91 | 12.01 | 5 |
Countries ranked near Palau, Republic of
- 1 Guyana 19.31 compare
- 2 Ireland 12.34 compare
- 4 Niger 11.86 compare
- 5 Kyrgyz Republic 11.54 compare
- 6 Ethiopia, The Federal Democratic Republic of 9.15 compare
More economy & growth data for Palau, Republic of
- 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 real gdp growth in Palau, Republic of?
- Real gdp growth in Palau, Republic of was 12.01 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Palau, Republic of?
- The highest recorded value was 12.01 in 2024.
- What is the lowest real gdp growth recorded in Palau, Republic of?
- The lowest recorded value was -11.91 in 2021.
- How does Palau, Republic of rank for real gdp growth?
- Palau, Republic of ranks 3rd out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Palau, Republic of?
- Over the last ten years it is up 184.9%. The long-run trend across the full record is volatile.
- Where does this Palau, Republic of data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).