Services, value added in Palau
Palau: Services, value added was 203.63 million constant LCU in 2024. ▬ Flat
Services, value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, services, value added in Palau stood at 203.63 million constant LCU.
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 226.44 million constant LCU in 2016 and was at its lowest, 176.32 million constant LCU, in 2021.
Palau ranks 197th of 199 countries on this measure, in the bottom quarter.
Services, value added in Palau, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2000 | 178.44 million constant LCU | — |
| 2001 | 183.98 million constant LCU | +3.1% |
| 2002 | 185.09 million constant LCU | +0.6% |
| 2003 | 191.47 million constant LCU | +3.4% |
| 2004 | 199.40 million constant LCU | +4.1% |
| 2005 | 204.38 million constant LCU | +2.5% |
| 2006 | 209.62 million constant LCU | +2.6% |
| 2007 | 217.04 million constant LCU | +3.5% |
| 2008 | 204.04 million constant LCU | -6.0% |
| 2009 | 197.19 million constant LCU | -3.4% |
| 2010 | 190.17 million constant LCU | -3.6% |
| 2011 | 198.64 million constant LCU | +4.5% |
| 2012 | 200.01 million constant LCU | +0.7% |
| 2013 | 199.10 million constant LCU | -0.5% |
| 2014 | 207.85 million constant LCU | +4.4% |
| 2015 | 226.00 million constant LCU | +8.7% |
| 2016 | 226.44 million constant LCU | +0.2% |
| 2017 | 219.51 million constant LCU | -3.1% |
| 2018 | 220.43 million constant LCU | +0.4% |
| 2019 | 215.84 million constant LCU | -2.1% |
| 2020 | 202.18 million constant LCU | -6.3% |
| 2021 | 176.32 million constant LCU | -12.8% |
| 2022 | 178.55 million constant LCU | +1.3% |
| 2023 | 186.98 million constant LCU | +4.7% |
| 2024 | 203.63 million constant LCU | +8.9% |
Palau compared with similar countries
- Palau's 203.63 million constant LCU is below the median for high income countries, which is 203.18 billion constant LCU, 0% of the median. (70 countries reporting)
- Palau's 203.63 million constant LCU is below the median for East Asia & Pacific, which is 409.12 billion constant LCU, 0% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 197.07 million constant LCU | 178.44 million constant LCU | 217.04 million constant LCU | 10 |
| 2010s | 210.40 million constant LCU | 190.17 million constant LCU | 226.44 million constant LCU | 10 |
| 2020s | 189.53 million constant LCU | 176.32 million constant LCU | 203.63 million constant LCU | 5 |
Countries ranked near Palau
- 194 San Marino 805.90 million constant LCU compare
- 195 Tonga 528.25 million constant LCU compare
- 196 Kiribati 260.63 million constant LCU compare
- 198 Micronesia (country) 172.59 million constant LCU compare
- 199 Marshall Islands 142.71 million constant LCU 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)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 1.37 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (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)
- 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)
Frequently asked questions
- What is services, value added in Palau?
- Services, value added in Palau was 203.63 million constant LCU 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 226.44 million constant LCU in 2016.
- What is the lowest services, value added recorded in Palau?
- The lowest recorded value was 176.32 million constant LCU in 2021.
- How does Palau rank for services, value added?
- Palau ranks 197th out of 199 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 LCU). 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 defence, 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 varies by country. This series is expressed in local currency units.