{"entity":{"iso2":"PW","iso3":"PLW","name":"Palau","slug":"palau"},"indicator":{"licence":"CC BY 4.0 (Our World in Data)","slug":"trade-as-share-of-gdp","source":"National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) \u2013 processed by Our World in Data","source_url":"https://ourworldindata.org/grapher/trade-as-share-of-gdp","title":"Trade as a share of GDP","unit":"% of GDP"},"observations":[{"date":"2005-01-01","value":122.075},{"date":"2006-01-01","value":128.141},{"date":"2007-01-01","value":117.584},{"date":"2008-01-01","value":127.566},{"date":"2009-01-01","value":115.262},{"date":"2010-01-01","value":123.114},{"date":"2011-01-01","value":138.086},{"date":"2012-01-01","value":144.101},{"date":"2013-01-01","value":140.845},{"date":"2014-01-01","value":145.794},{"date":"2015-01-01","value":128.207},{"date":"2016-01-01","value":118.76},{"date":"2017-01-01","value":122.651},{"date":"2018-01-01","value":117.772},{"date":"2019-01-01","value":115.498},{"date":"2020-01-01","value":104.431},{"date":"2021-01-01","value":79.5791},{"date":"2022-01-01","value":103.652},{"date":"2023-01-01","value":106.758},{"date":"2024-01-01","value":105.812}],"summary":{"latest_period":"2024-01-01","latest_value":105.812,"max":145.794,"mean":120.284,"min":79.5791,"of":191,"rank":56,"trend":"falling"}}