Travel services in Palau
Palau: Travel services was 21.4% in 2023. ▲ Rising
Travel services in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
In 2023, travel services in Palau stood at 21.4%.
Compared with earlier readings it is down 36.0% on the previous year and down 9.5% over ten years.
Over the whole period, travel services in Palau peaked at 38.9% in 2019 and was at its lowest, 14.0%, in 2010.
That places Palau 85th out of 198 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Travel services in Palau, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 2005 | 25.9% | — |
| 2006 | 24.4% | -5.8% |
| 2007 | 23.5% | -3.5% |
| 2008 | 20.2% | -14.2% |
| 2009 | 17.6% | -12.9% |
| 2010 | 14.0% | -20.3% |
| 2011 | 21.2% | +51.4% |
| 2012 | 22.7% | +7.2% |
| 2013 | 23.7% | +4.3% |
| 2014 | 21.3% | -10.0% |
| 2015 | 24.3% | +13.9% |
| 2016 | 37.5% | +54.7% |
| 2017 | 34.8% | -7.3% |
| 2018 | 38.5% | +10.6% |
| 2019 | 38.9% | +1.1% |
| 2020 | 31.2% | -19.8% |
| 2021 | 29.0% | -7.0% |
| 2022 | 33.5% | +15.4% |
| 2023 | 21.4% | -36.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.3% | 17.6% | 25.9% | 5 |
| 2010s | 27.7% | 14.0% | 38.9% | 10 |
| 2020s | 28.8% | 21.4% | 33.5% | 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)
- 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 travel services in Palau?
- Travel services in Palau was 21.4% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Palau?
- The highest recorded value was 38.9% in 2019.
- What is the lowest travel services recorded in Palau?
- The lowest recorded value was 14.0% in 2010.
- How does Palau rank for travel services?
- Palau ranks 85th out of 198 countries with data for 2023.
- Is travel services rising or falling in Palau?
- Over the last ten years it is down 9.5%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.