Share of services in total exports in Palau
Palau: Share of services in total exports was 97.3% in 2023. ▲ Rising
Share of services in total exports in Palau, 2005–2023
Source: United Nations Population Division, national statistical offices, and Eurostat, via World Bank (2026) – processed by Our World in Data. Measured in % of goods and services exports.
Analysis
In 2023, share of services in total exports in Palau stood at 97.3%. That is the highest value across all 19 years on record.
That represents a change of up 3.2% on the previous year and up 8.5% over ten years.
Over the whole period, share of services in total exports in Palau peaked at 97.3% in 2023 and was at its lowest, 86.7%, in 2005.
Palau ranks 3rd of 198 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
Share of services in total exports in Palau, year by year
| Year | % of goods and services exports | Change |
|---|---|---|
| 2005 | 86.7% | — |
| 2006 | 88.0% | +1.4% |
| 2007 | 89.2% | +1.4% |
| 2008 | 88.0% | -1.4% |
| 2009 | 91.2% | +3.7% |
| 2010 | 87.8% | -3.7% |
| 2011 | 88.8% | +1.1% |
| 2012 | 88.6% | -0.2% |
| 2013 | 89.7% | +1.2% |
| 2014 | 88.0% | -1.9% |
| 2015 | 91.8% | +4.3% |
| 2016 | 90.8% | -1.0% |
| 2017 | 89.3% | -1.7% |
| 2018 | 88.7% | -0.7% |
| 2019 | 89.8% | +1.2% |
| 2020 | 92.7% | +3.2% |
| 2021 | 92.5% | -0.2% |
| 2022 | 94.3% | +1.9% |
| 2023 | 97.3% | +3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 88.6% | 86.7% | 91.2% | 5 |
| 2010s | 89.3% | 87.8% | 91.8% | 10 |
| 2020s | 94.2% | 92.5% | 97.3% | 4 |
Countries ranked near Palau
- 1 Turks and Caicos Islands 99.3% compare
- 2 Bermuda 99.3% compare
- 3 Tuvalu 97.3% compare
- 5 Aruba 94.8% compare
- 6 Cayman Islands 94.7% 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)
- 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 services in total exports in Palau?
- Share of services in total exports in Palau was 97.3% in 2023, according to United Nations Population Division, national statistical offices, and Eurostat, via World Bank (2026) – processed by Our World in Data.
- What is the highest share of services in total exports recorded in Palau?
- The highest recorded value was 97.3% in 2023.
- What is the lowest share of services in total exports recorded in Palau?
- The lowest recorded value was 86.7% in 2005.
- How does Palau rank for share of services in total exports?
- Palau ranks 3rd out of 198 countries with data for 2023.
- Is share of services in total exports rising or falling in Palau?
- Over the last ten years it is up 8.5%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from United Nations Population Division, national statistical offices, and Eurostat, via World Bank (2026) – processed by Our World in Data, published as part of Share of services 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.