Service imports (BoP, current US$) in Palau
Palau: Service imports (BoP, current US$) was 43.00 million BoP, current US$ in 2023. ▲ Rising
Service imports in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service imports in Palau is 43.00 million BoP, current US$, measured in 2023.
That represents a change of down 29.9% on the previous year and up 0.1% over ten years.
Over the whole period, service imports in Palau peaked at 68.32 million BoP, current US$ in 2017 and was at its lowest, 30.92 million BoP, current US$, in 2005.
Palau ranks 198th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Service imports (BoP, current US$) in Palau, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 30.92 million BoP, current US$ | — |
| 2006 | 33.30 million BoP, current US$ | +7.7% |
| 2007 | 35.93 million BoP, current US$ | +7.9% |
| 2008 | 40.21 million BoP, current US$ | +11.9% |
| 2009 | 36.43 million BoP, current US$ | -9.4% |
| 2010 | 42.96 million BoP, current US$ | +17.9% |
| 2011 | 39.02 million BoP, current US$ | -9.2% |
| 2012 | 45.12 million BoP, current US$ | +15.6% |
| 2013 | 42.98 million BoP, current US$ | -4.7% |
| 2014 | 44.04 million BoP, current US$ | +2.5% |
| 2015 | 52.64 million BoP, current US$ | +19.5% |
| 2016 | 63.17 million BoP, current US$ | +20.0% |
| 2017 | 68.32 million BoP, current US$ | +8.2% |
| 2018 | 62.95 million BoP, current US$ | -7.9% |
| 2019 | 64.59 million BoP, current US$ | +2.6% |
| 2020 | 54.77 million BoP, current US$ | -15.2% |
| 2021 | 43.56 million BoP, current US$ | -20.5% |
| 2022 | 61.34 million BoP, current US$ | +40.8% |
| 2023 | 43.00 million BoP, current US$ | -29.9% |
Palau compared with similar countries
- Palau's 43.00 million BoP, current US$ is below the median for high income countries, which is 18.89 billion BoP, current US$, 0% of the median. (72 countries reporting)
- Palau's 43.00 million BoP, current US$ is below the median for East Asia & Pacific, which is 2.40 billion BoP, current US$, 2% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.36 million BoP, current US$ | 30.92 million BoP, current US$ | 40.21 million BoP, current US$ | 5 |
| 2010s | 52.58 million BoP, current US$ | 39.02 million BoP, current US$ | 68.32 million BoP, current US$ | 10 |
| 2020s | 50.67 million BoP, current US$ | 43.00 million BoP, current US$ | 61.34 million BoP, current US$ | 4 |
Countries ranked near Palau
- 195 Micronesia (country) 76.82 million BoP, current US$ compare
- 196 Turks and Caicos Islands 74.41 million BoP, current US$ compare
- 197 Marshall Islands 64.21 million BoP, current US$ compare
- 199 Tuvalu 32.44 million BoP, current US$ compare
- 200 Eritrea 28.48 million BoP, current US$
More economy & growth data for Palau
- 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 service imports in Palau?
- Service imports in Palau was 43.00 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 imports recorded in Palau?
- The highest recorded value was 68.32 million BoP, current US$ in 2017.
- What is the lowest service imports recorded in Palau?
- The lowest recorded value was 30.92 million BoP, current US$ in 2005.
- How does Palau rank for service imports?
- Palau ranks 198th out of 200 countries with data for 2023.
- Is service imports rising or falling in Palau?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
- 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 imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of services are services provided by non-residents to 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.