Service exports in Palau
Palau: Service exports was 61.89 million BoP, current US$ in 2023. ▼ Falling
Service exports in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, service exports in Palau stood at 61.89 million BoP, current US$.
Compared with earlier readings it is up 79.6% on the previous year and down 50.4% over ten years.
Over the whole period, service exports in Palau peaked at 164.29 million BoP, current US$ in 2015 and was at its lowest, 13.06 million BoP, current US$, in 2021.
That places Palau 186th out of 198 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 78.48 million BoP, current US$ | 70.50 million BoP, current US$ | 87.57 million BoP, current US$ | 5 |
| 2010s | 118.45 million BoP, current US$ | 84.01 million BoP, current US$ | 164.29 million BoP, current US$ | 10 |
| 2020s | 41.03 million BoP, current US$ | 13.06 million BoP, current US$ | 61.89 million BoP, current US$ | 4 |
Countries ranked near Palau
- 183 Papua New Guinea 75.21 million BoP, current US$ compare
- 184 Guinea 71.20 million BoP, current US$ compare
- 185 Nauru 64.55 million BoP, current US$ compare
- 187 Eritrea 60.91 million BoP, current US$ compare
- 188 Chad 54.79 million BoP, current US$ compare
- 189 Guinea-Bissau 51.01 million BoP, current US$ compare
More economy & growth data for Palau
- External balance on goods and services as a percent of GDP -40.4% (2024)
- Inflation of consumer prices -0.4% (2025)
- GDP per capita 15,617 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 1.2% (2024)
- Gross domestic product (GDP) 275.84 million constant 2015 US$ (2025)
- GDP per capita in international and market dollars 15,617 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 66.30 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 66.30 million current US$ (2025)
- Taxes less subsidies on products 40.13 million current LCU (2024)
Frequently asked questions
- What is service exports in Palau?
- Service exports in Palau was 61.89 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Palau?
- The highest recorded value was 164.29 million BoP, current US$ in 2015.
- What is the lowest service exports recorded in Palau?
- The lowest recorded value was 13.06 million BoP, current US$ in 2021.
- How does Palau rank for service exports?
- Palau ranks 186th out of 198 countries with data for 2023.
- Is service exports rising or falling in Palau?
- Over the last ten years it is down 50.4%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.