Share of service in total exports in Palau
Palau: Share of service in total exports was 1.75 million BoP, current US$ in 2023. ▼ Falling
Share of service in total exports in Palau, 2005–2023
Source: International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data. Measured in BoP, current US$.
Analysis
Palau recorded 1.75 million BoP, current US$ for share of service in total exports in 2023.
The figure is down 16.8% on the previous year and down 87.9% over ten years.
Over the whole period, share of service in total exports in Palau peaked at 19.08 million BoP, current US$ in 2014 and was at its lowest, 1.06 million BoP, current US$, in 2021.
That places Palau 197th out of 198 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Share of service in total exports in Palau, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 2005 | 10.98 million BoP, current US$ | — |
| 2006 | 9.66 million BoP, current US$ | -12.0% |
| 2007 | 9.49 million BoP, current US$ | -1.8% |
| 2008 | 12.00 million BoP, current US$ | +26.5% |
| 2009 | 8.13 million BoP, current US$ | -32.3% |
| 2010 | 11.65 million BoP, current US$ | +43.3% |
| 2011 | 12.84 million BoP, current US$ | +10.2% |
| 2012 | 15.02 million BoP, current US$ | +17.0% |
| 2013 | 14.38 million BoP, current US$ | -4.2% |
| 2014 | 19.08 million BoP, current US$ | +32.7% |
| 2015 | 14.75 million BoP, current US$ | -22.7% |
| 2016 | 13.32 million BoP, current US$ | -9.7% |
| 2017 | 14.06 million BoP, current US$ | +5.5% |
| 2018 | 13.79 million BoP, current US$ | -1.9% |
| 2019 | 10.92 million BoP, current US$ | -20.8% |
| 2020 | 4.32 million BoP, current US$ | -60.5% |
| 2021 | 1.06 million BoP, current US$ | -75.3% |
| 2022 | 2.10 million BoP, current US$ | +97.0% |
| 2023 | 1.75 million BoP, current US$ | -16.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.05 million BoP, current US$ | 8.13 million BoP, current US$ | 12.00 million BoP, current US$ | 5 |
| 2010s | 13.98 million BoP, current US$ | 10.92 million BoP, current US$ | 19.08 million BoP, current US$ | 10 |
| 2020s | 2.31 million BoP, current US$ | 1.06 million BoP, current US$ | 4.32 million BoP, current US$ | 4 |
Countries ranked near Palau
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)
- 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)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- 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, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2024)
Frequently asked questions
- What is share of service in total exports in Palau?
- Share of service in total exports in Palau was 1.75 million BoP, current US$ in 2023, according to International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data.
- What is the highest share of service in total exports recorded in Palau?
- The highest recorded value was 19.08 million BoP, current US$ in 2014.
- What is the lowest share of service in total exports recorded in Palau?
- The lowest recorded value was 1.06 million BoP, current US$ in 2021.
- How does Palau rank for share of service in total exports?
- Palau ranks 197th out of 198 countries with data for 2023.
- Is share of service in total exports rising or falling in Palau?
- Over the last ten years it is down 87.9%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data, published as part of Share of service in total exports. Statizoid updates them automatically from the source API.
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About this data
Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The share of services in total exports comes from comparing trade in goods and services at current US dollars.