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$, in 2021.
That places Palau 188th out of 200 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Service exports in Palau, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 71.72 million BoP, current US$ | — |
| 2006 | 70.50 million BoP, current US$ | -1.7% |
| 2007 | 78.20 million BoP, current US$ | +10.9% |
| 2008 | 87.57 million BoP, current US$ | +12.0% |
| 2009 | 84.40 million BoP, current US$ | -3.6% |
| 2010 | 84.01 million BoP, current US$ | -0.5% |
| 2011 | 101.90 million BoP, current US$ | +21.3% |
| 2012 | 116.61 million BoP, current US$ | +14.4% |
| 2013 | 124.85 million BoP, current US$ | +7.1% |
| 2014 | 139.25 million BoP, current US$ | +11.5% |
| 2015 | 164.29 million BoP, current US$ | +18.0% |
| 2016 | 131.89 million BoP, current US$ | -19.7% |
| 2017 | 117.42 million BoP, current US$ | -11.0% |
| 2018 | 108.45 million BoP, current US$ | -7.6% |
| 2019 | 95.86 million BoP, current US$ | -11.6% |
| 2020 | 54.69 million BoP, current US$ | -43.0% |
| 2021 | 13.06 million BoP, current US$ | -76.1% |
| 2022 | 34.47 million BoP, current US$ | +164.0% |
| 2023 | 61.89 million BoP, current US$ | +79.6% |
Palau compared with similar countries
- Palau's 61.89 million BoP, current US$ is below the median for high income countries, which is 24.56 billion BoP, current US$, 0% of the median. (72 countries reporting)
- Palau's 61.89 million BoP, current US$ is below the median for East Asia & Pacific, which is 1.73 billion BoP, current US$, 4% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Service exports in Palau changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +164.0% | 13.06 million BoP, current US$ | 34.47 million BoP, current US$ |
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
- 185 Papua New Guinea 75.21 million BoP, current US$ compare
- 186 Guinea 71.20 million BoP, current US$ compare
- 187 Nauru 64.55 million BoP, current US$ compare
- 189 Eritrea 60.91 million BoP, current US$
- 190 Chad 54.79 million BoP, current US$
- 191 Guinea-Bissau 51.01 million BoP, current US$ compare
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)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
- External balance on goods and services as a percent of GDP -40.4% (2024)
- Gdp worldbank constant usd, annual growth rate 6.29 % change on previous year (2025)
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 188th out of 200 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.