Services, value added in Palau
Palau: Services, value added was 234.96 million current US$ in 2024. ▲ Rising
Services, value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Palau recorded 234.96 million current US$ for services, value added in 2024.
The figure 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 US$ in 2016 and was at its lowest, 112.04 million current US$, in 2002.
Palau ranks 204th of 206 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Services, value added in Palau, year by year
| Year | current US$ | Change |
|---|---|---|
| 2000 | 113.65 million current US$ | — |
| 2001 | 115.68 million current US$ | +1.8% |
| 2002 | 112.04 million current US$ | -3.1% |
| 2003 | 112.33 million current US$ | +0.3% |
| 2004 | 122.48 million current US$ | +9.0% |
| 2005 | 137.49 million current US$ | +12.3% |
| 2006 | 146.26 million current US$ | +6.4% |
| 2007 | 153.89 million current US$ | +5.2% |
| 2008 | 158.78 million current US$ | +3.2% |
| 2009 | 148.33 million current US$ | -6.6% |
| 2010 | 145.17 million current US$ | -2.1% |
| 2011 | 154.68 million current US$ | +6.6% |
| 2012 | 167.79 million current US$ | +8.5% |
| 2013 | 178.05 million current US$ | +6.1% |
| 2014 | 193.47 million current US$ | +8.7% |
| 2015 | 225.00 million current US$ | +16.3% |
| 2016 | 235.53 million current US$ | +4.7% |
| 2017 | 226.37 million current US$ | -3.9% |
| 2018 | 225.32 million current US$ | -0.5% |
| 2019 | 215.84 million current US$ | -4.2% |
| 2020 | 198.41 million current US$ | -8.1% |
| 2021 | 181.19 million current US$ | -8.7% |
| 2022 | 187.75 million current US$ | +3.6% |
| 2023 | 206.91 million current US$ | +10.2% |
| 2024 | 234.96 million current US$ | +13.6% |
Palau compared with similar countries
- Palau's 234.96 million current US$ is below the median for high income countries, which is 71.23 billion current US$, 0% of the median. (77 countries reporting)
- Palau's 234.96 million current US$ is below the median for East Asia & Pacific, which is 12.93 billion current US$, 2% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 132.09 million current US$ | 112.04 million current US$ | 158.78 million current US$ | 10 |
| 2010s | 196.72 million current US$ | 145.17 million current US$ | 235.53 million current US$ | 10 |
| 2020s | 201.84 million current US$ | 181.19 million current US$ | 234.96 million current US$ | 5 |
Countries ranked near Palau
- 201 Micronesia (country) 327.49 million current US$ compare
- 202 Tonga 320.74 million current US$ compare
- 203 Kiribati 241.17 million current US$ compare
- 205 Marshall Islands 194.35 million current US$ compare
- 206 Venezuela 0 current 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)
- US dollar per domestic currency (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)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Gdp worldbank constant usd, annual growth rate 6.29 % change on previous year (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)
Frequently asked questions
- What is services, value added in Palau?
- Services, value added in Palau was 234.96 million current 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 235.53 million current US$ in 2016.
- What is the lowest services, value added recorded in Palau?
- The lowest recorded value was 112.04 million current US$ 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 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 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 indicator is expressed in United States dollars.