Trade as a share of GDP in Palau
Palau: Trade as a share of GDP was 105.8% in 2024. ▼ Falling
Trade as a share of GDP in Palau, 2005–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2024, trade as a share of gdp in Palau stood at 105.8%.
The figure is down 0.9% on the previous year and down 27.4% over ten years.
Over the whole period, trade as a share of gdp in Palau peaked at 145.8% in 2014 and was at its lowest, 79.6%, in 2021.
That places Palau 56th out of 191 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Trade as a share of GDP in Palau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 122.1% | — |
| 2006 | 128.1% | +5.0% |
| 2007 | 117.6% | -8.2% |
| 2008 | 127.6% | +8.5% |
| 2009 | 115.3% | -9.6% |
| 2010 | 123.1% | +6.8% |
| 2011 | 138.1% | +12.2% |
| 2012 | 144.1% | +4.4% |
| 2013 | 140.8% | -2.3% |
| 2014 | 145.8% | +3.5% |
| 2015 | 128.2% | -12.1% |
| 2016 | 118.8% | -7.4% |
| 2017 | 122.7% | +3.3% |
| 2018 | 117.8% | -4.0% |
| 2019 | 115.5% | -1.9% |
| 2020 | 104.4% | -9.6% |
| 2021 | 79.6% | -23.8% |
| 2022 | 103.7% | +30.3% |
| 2023 | 106.8% | +3.0% |
| 2024 | 105.8% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 122.1% | 115.3% | 128.1% | 5 |
| 2010s | 129.5% | 115.5% | 145.8% | 10 |
| 2020s | 100.0% | 79.6% | 106.8% | 5 |
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)
- Gdp worldbank constant usd, per capita 15,617 units per person (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)
- Taxes less subsidies on products (current LCU), per capita 2,268 current LCU per person (2024)
Frequently asked questions
- What is trade as a share of gdp in Palau?
- Trade as a share of gdp in Palau was 105.8% in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest trade as a share of gdp recorded in Palau?
- The highest recorded value was 145.8% in 2014.
- What is the lowest trade as a share of gdp recorded in Palau?
- The lowest recorded value was 79.6% in 2021.
- How does Palau rank for trade as a share of gdp?
- Palau ranks 56th out of 191 countries with data for 2024.
- Is trade as a share of gdp rising or falling in Palau?
- Over the last ten years it is down 27.4%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Trade as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Trade in goods and services as a share of GDP, shown as a percentage.