Trade in services as share of GDP in Palau
Palau: Trade in services as share of GDP was 38.0% in 2023. ▼ Falling
Trade in services as share of GDP in Palau, 2005–2023
Source: International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2023, trade in services as share of gdp in Palau stood at 38.0%.
That represents a change of down 1.9% on the previous year and down 48.8% over ten years.
Over the whole period, trade in services as share of gdp in Palau peaked at 76.6% in 2015 and was at its lowest, 24.0%, in 2021.
Palau ranks 46th of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Trade in services as share of GDP in Palau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 55.3% | — |
| 2006 | 54.4% | -1.6% |
| 2007 | 58.2% | +7.0% |
| 2008 | 64.2% | +10.3% |
| 2009 | 65.7% | +2.3% |
| 2010 | 68.9% | +4.9% |
| 2011 | 72.2% | +4.8% |
| 2012 | 75.3% | +4.2% |
| 2013 | 74.2% | -1.4% |
| 2014 | 74.7% | +0.7% |
| 2015 | 76.6% | +2.6% |
| 2016 | 64.3% | -16.0% |
| 2017 | 64.1% | -0.4% |
| 2018 | 59.5% | -7.2% |
| 2019 | 56.9% | -4.3% |
| 2020 | 42.3% | -25.7% |
| 2021 | 24.0% | -43.2% |
| 2022 | 38.7% | +61.3% |
| 2023 | 38.0% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 59.6% | 54.4% | 65.7% | 5 |
| 2010s | 68.7% | 56.9% | 76.6% | 10 |
| 2020s | 35.7% | 24.0% | 42.3% | 4 |
Countries ranked near Palau
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)
- Gdp worldbank constant usd, annual growth rate 6.29 % change on previous year (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- 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, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is trade in services as share of gdp in Palau?
- Trade in services as share of gdp in Palau was 38.0% in 2023, according to International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data.
- What is the highest trade in services as share of gdp recorded in Palau?
- The highest recorded value was 76.6% in 2015.
- What is the lowest trade in services as share of gdp recorded in Palau?
- The lowest recorded value was 24.0% in 2021.
- How does Palau rank for trade in services as share of gdp?
- Palau ranks 46th out of 198 countries with data for 2023.
- Is trade in services as share of gdp rising or falling in Palau?
- Over the last ten years it is down 48.8%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data, published as part of Trade in services as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total services trade (exports and imports) divided by gross domestic product (GDP).