Services, value added (constant 2015 US$) in Palau
Palau: Services, value added (constant 2015 US$) was 202.73 million constant 2015 US$ in 2024. ▬ Flat
Services, value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Palau is 202.73 million constant 2015 US$, measured in 2024.
That represents a change of up 8.9% on the previous year and down 2.0% over ten years.
Over the whole period, services, value added in Palau peaked at 225.43 million constant 2015 US$ in 2016 and was at its lowest, 175.54 million constant 2015 US$, in 2021.
Palau ranks 194th of 196 countries on this measure, in the bottom quarter.
Services, value added (constant 2015 US$) in Palau, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2000 | 177.65 million constant 2015 US$ | — |
| 2001 | 183.17 million constant 2015 US$ | +3.1% |
| 2002 | 184.27 million constant 2015 US$ | +0.6% |
| 2003 | 190.63 million constant 2015 US$ | +3.4% |
| 2004 | 198.52 million constant 2015 US$ | +4.1% |
| 2005 | 203.48 million constant 2015 US$ | +2.5% |
| 2006 | 208.69 million constant 2015 US$ | +2.6% |
| 2007 | 216.08 million constant 2015 US$ | +3.5% |
| 2008 | 203.13 million constant 2015 US$ | -6.0% |
| 2009 | 196.31 million constant 2015 US$ | -3.4% |
| 2010 | 189.33 million constant 2015 US$ | -3.6% |
| 2011 | 197.76 million constant 2015 US$ | +4.5% |
| 2012 | 199.12 million constant 2015 US$ | +0.7% |
| 2013 | 198.22 million constant 2015 US$ | -0.5% |
| 2014 | 206.93 million constant 2015 US$ | +4.4% |
| 2015 | 225.00 million constant 2015 US$ | +8.7% |
| 2016 | 225.43 million constant 2015 US$ | +0.2% |
| 2017 | 218.54 million constant 2015 US$ | -3.1% |
| 2018 | 219.46 million constant 2015 US$ | +0.4% |
| 2019 | 214.88 million constant 2015 US$ | -2.1% |
| 2020 | 201.28 million constant 2015 US$ | -6.3% |
| 2021 | 175.54 million constant 2015 US$ | -12.8% |
| 2022 | 177.76 million constant 2015 US$ | +1.3% |
| 2023 | 186.15 million constant 2015 US$ | +4.7% |
| 2024 | 202.73 million constant 2015 US$ | +8.9% |
Palau compared with similar countries
- Palau's 202.73 million constant 2015 US$ is below the median for high income countries, which is 67.86 billion constant 2015 US$, 0% of the median. (69 countries reporting)
- Palau's 202.73 million constant 2015 US$ is below the median for East Asia & Pacific, which is 14.44 billion constant 2015 US$, 1% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 196.19 million constant 2015 US$ | 177.65 million constant 2015 US$ | 216.08 million constant 2015 US$ | 10 |
| 2010s | 209.47 million constant 2015 US$ | 189.33 million constant 2015 US$ | 225.43 million constant 2015 US$ | 10 |
| 2020s | 188.69 million constant 2015 US$ | 175.54 million constant 2015 US$ | 202.73 million constant 2015 US$ | 5 |
Countries ranked near Palau
- 191 Tonga 257.19 million constant 2015 US$ compare
- 192 Sao Tome and Principe 229.60 million constant 2015 US$ compare
- 193 Micronesia (country) 222.02 million constant 2015 US$ compare
- 195 Kiribati 188.50 million constant 2015 US$ compare
- 196 Marshall Islands 142.71 million constant 2015 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)
- 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)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is services, value added in Palau?
- Services, value added in Palau was 202.73 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Palau?
- The highest recorded value was 225.43 million constant 2015 US$ in 2016.
- What is the lowest services, value added recorded in Palau?
- The lowest recorded value was 175.54 million constant 2015 US$ in 2021.
- How does Palau rank for services, value added?
- Palau ranks 194th out of 196 countries with data for 2024.
- Is services, value added rising or falling in Palau?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is flat.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.