Trade in Palau
Palau: Trade was 105.8% in 2024. ▼ Falling
Trade in Palau, 2005–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Palau recorded 105.8% for trade in 2024.
That represents a change of down 0.9% on the previous year and down 27.4% over ten years.
Over the whole period, trade in Palau peaked at 145.8% in 2014 and was at its lowest, 79.6%, in 2021.
That places Palau 57th out of 192 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 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)
- 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, annual growth rate 6.29 % change on previous year (2025)
- US dollar per domestic currency (End-of-period (EoP)) 1 (2025)
- Gdp worldbank constant usd, per unit of GDP 0.7995 units per US$ of GDP (2025)
- Manufacturing value added to gdp, per capita 0.0001 units per person (2024)
- Gdp worldbank constant usd, per capita 15,617 units per person (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 1 (2025)
Frequently asked questions
- What is trade in Palau?
- Trade in Palau was 105.8% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Palau?
- The highest recorded value was 145.8% in 2014.
- What is the lowest trade recorded in Palau?
- The lowest recorded value was 79.6% in 2021.
- How does Palau rank for trade?
- Palau ranks 57th out of 192 countries with data for 2024.
- Is trade 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Trade (% 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 (World Bank Open Data).
About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.