Services, value added (current LCU) in Palau
Palau: Services, value added (current LCU) was 234.96 million current LCU in 2024. ▲ Rising
Services, value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Palau recorded 234.96 million current LCU for services, value added in 2024.
Compared with earlier readings it is up 13.6% on the previous year and up 21.4% over ten years.
Over the whole period, services, value added in Palau peaked at 235.53 million current LCU in 2016 and was at its lowest, 112.04 million current LCU, in 2002.
Palau ranks 204th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Services, value added (current LCU) in Palau, year by year
| Year | current LCU | Change |
|---|---|---|
| 2000 | 113.65 million current LCU | — |
| 2001 | 115.68 million current LCU | +1.8% |
| 2002 | 112.04 million current LCU | -3.1% |
| 2003 | 112.33 million current LCU | +0.3% |
| 2004 | 122.48 million current LCU | +9.0% |
| 2005 | 137.49 million current LCU | +12.3% |
| 2006 | 146.26 million current LCU | +6.4% |
| 2007 | 153.89 million current LCU | +5.2% |
| 2008 | 158.78 million current LCU | +3.2% |
| 2009 | 148.33 million current LCU | -6.6% |
| 2010 | 145.17 million current LCU | -2.1% |
| 2011 | 154.68 million current LCU | +6.6% |
| 2012 | 167.79 million current LCU | +8.5% |
| 2013 | 178.05 million current LCU | +6.1% |
| 2014 | 193.47 million current LCU | +8.7% |
| 2015 | 225.00 million current LCU | +16.3% |
| 2016 | 235.53 million current LCU | +4.7% |
| 2017 | 226.37 million current LCU | -3.9% |
| 2018 | 225.32 million current LCU | -0.5% |
| 2019 | 215.84 million current LCU | -4.2% |
| 2020 | 198.41 million current LCU | -8.1% |
| 2021 | 181.19 million current LCU | -8.7% |
| 2022 | 187.75 million current LCU | +3.6% |
| 2023 | 206.91 million current LCU | +10.2% |
| 2024 | 234.96 million current LCU | +13.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 132.09 million current LCU | 112.04 million current LCU | 158.78 million current LCU | 10 |
| 2010s | 196.72 million current LCU | 145.17 million current LCU | 235.53 million current LCU | 10 |
| 2020s | 201.84 million current LCU | 181.19 million current LCU | 234.96 million current LCU | 5 |
Countries ranked near Palau
- 201 Tonga 761.45 million current LCU compare
- 202 Kiribati 365.46 million current LCU compare
- 203 Micronesia (country) 327.49 million current LCU compare
- 205 Marshall Islands 194.35 million current LCU compare
- 206 Venezuela 0 current LCU compare
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 services, value added in Palau?
- Services, value added in Palau was 234.96 million current 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 235.53 million current LCU in 2016.
- What is the lowest services, value added recorded in Palau?
- The lowest recorded value was 112.04 million current LCU in 2002.
- How does Palau rank for services, value added?
- Palau ranks 204th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Palau?
- Over the last ten years it is up 21.4%. The long-run trend across the full record is rising.
- 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.