Service imports (BoP, current US$), annual growth rate in Palau
Palau: Service imports (BoP, current US$), annual growth rate was -29.9 % change on previous year in 2023. ◆ Volatile
Service imports (BoP, current US$), annual growth rate in Palau, 2006–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for service imports (bop, current us$), annual growth rate in Palau is -29.9 % change on previous year, measured in 2023. That is the lowest value across all 18 years on record.
That represents a change of down 173.2% on the previous year and down 530.1% over ten years.
Over the whole period, service imports (bop, current us$), annual growth rate in Palau peaked at 40.83 % change on previous year in 2022 and was at its lowest, -29.9 % change on previous year, in 2023.
Palau ranks 197th of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports (BoP, current US$), annual growth rate in Palau, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2006 | 7.68 % change on previous year | — |
| 2007 | 7.9 % change on previous year | +2.8% |
| 2008 | 11.94 % change on previous year | +51.1% |
| 2009 | -9.42 % change on previous year | -178.9% |
| 2010 | 17.94 % change on previous year | -290.5% |
| 2011 | -9.17 % change on previous year | -151.1% |
| 2012 | 15.63 % change on previous year | -270.5% |
| 2013 | -4.74 % change on previous year | -130.3% |
| 2014 | 2.47 % change on previous year | -152.0% |
| 2015 | 19.52 % change on previous year | +691.2% |
| 2016 | 20 % change on previous year | +2.4% |
| 2017 | 8.15 % change on previous year | -59.2% |
| 2018 | -7.85 % change on previous year | -196.3% |
| 2019 | 2.6 % change on previous year | -133.1% |
| 2020 | -15.21 % change on previous year | -685.8% |
| 2021 | -20.47 % change on previous year | +34.6% |
| 2022 | 40.83 % change on previous year | -299.5% |
| 2023 | -29.9 % change on previous year | -173.2% |
Palau compared with similar countries
- Palau's -29.9 % change on previous year is below the median for high income countries, which is 8.38 % change on previous year. (71 countries reporting)
- Palau's -29.9 % change on previous year is below the median for East Asia & Pacific, which is 5.44 % change on previous year. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.52 % change on previous year | -9.42 % change on previous year | 11.94 % change on previous year | 4 |
| 2010s | 6.45 % change on previous year | -9.17 % change on previous year | 20 % change on previous year | 10 |
| 2020s | -6.18 % change on previous year | -29.9 % change on previous year | 40.83 % change on previous year | 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)
- 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, annual growth rate 6.29 % change on previous year (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
Frequently asked questions
- What is service imports (bop, current us$), annual growth rate in Palau?
- Service imports (bop, current us$), annual growth rate in Palau was -29.9 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest service imports (bop, current us$), annual growth rate recorded in Palau?
- The highest recorded value was 40.83 % change on previous year in 2022.
- What is the lowest service imports (bop, current us$), annual growth rate recorded in Palau?
- The lowest recorded value was -29.9 % change on previous year in 2023.
- How does Palau rank for service imports (bop, current us$), annual growth rate?
- Palau ranks 197th out of 199 countries with data for 2023.
- Is service imports (bop, current us$), annual growth rate rising or falling in Palau?
- Over the last ten years it is down 530.1%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Statizoid (derived), published as part of Service imports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service imports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service imports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service imports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.