Services, value added in Palau
Palau: Services, value added 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 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% |
Palau compared with similar countries
- Palau's 234.96 million current LCU is below the median for high income countries, which is 204.15 billion current LCU, 0% of the median. (77 countries reporting)
- Palau's 234.96 million current LCU is below the median for East Asia & Pacific, which is 565.23 billion current LCU, 0% of the median. (31 countries reporting)
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
- 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 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.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.