Palau's discrepancy in expenditure estimate of GDP (current LCU) was -24.08 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 355.27% from -5.29 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -24.08 million | 2024 |
| Five years earlier | -8.32 million | 2019 |
| Ten years earlier | -5.29 million | 2014 |
| Highest | 1.45 million | 2021 |
| Lowest | -24.08 million | 2024 |
| Average since 2015 | -10.06 million | 2015–2024 |
| First recorded | -14.19 million |
What the numbers say
In 2024, Palau's discrepancy in expenditure estimate of GDP (current LCU) fell 12.82 million on 2023 (from -11.25 million to -24.08 million).
Across the 18 yearly changes before that (2006 to 2023), the average change was +162,996 and a typical year strayed about 6.4 million from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 15.87 million in 2021 and the biggest yearly fall was 12.82 million in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Palau had the 32nd highest value of the 37 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Palau in the 2024 ranking
- Lebanon — 28th of 37: -1 million
- Vanuatu — 29th of 37: -1 million
- Marshall Islands — 30th of 37: -3.62 million
- Tonga — 32nd of 37: -36.2 million
- Aruba — 33rd of 37: -43.67 million
- Bahamas, The — 34th of 37: -54 million
What this measures
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 20 values
| Year | Discrepancy in expenditure estimate of GDP (current LCU) |
|---|---|
| 2024 | -24,075,819 |
| 2023 | -11,252,907 |
| 2022 | -2,558,422 |
| 2021 | 1,445,535 |
| 2020 | -14,422,241 |
| 2019 | -8,319,300 |
| 2018 | -7,310,256 |
| 2017 | -11,235,244 |
| 2016 | -9,951,575 |
| 2015 | -12,946,750 |
Discrepancy in expenditure estimate of GDP (current LCU) in nearby economies
- Australia — -1.45 billion (2025)
- Brunei Darussalam — 42.23 million (2025)
- Cambodia — 6.93 trillion (2025)
- China — -121.41 billion (2024)
- Fiji — -100,000 (2024)
- French Polynesia — 1.45 billion (2024)
- Hong Kong SAR, China — 0 (2025)
- Indonesia — 1,028.42 trillion (2025)
- Japan — 0 (2024)
More economic policy & debt data for Palau
- GDP (current US$) — US$345 million (2025)
- GDP (current LCU) — 345 million (2025)
- GDP (constant 2015 US$) — US$275.84 million (2025)
- GDP (constant LCU) — 280 million (2025)
- GDP per capita (current US$) — US$19,532 (2025)
- GDP per capita (current LCU) — 19,532 (2025)
- GDP per capita (constant 2015 US$) — US$15,617 (2025)
- GDP per capita (constant LCU) — 15,852 (2025)
- GNI (current US$) — US$351.4 million (2025)
- GNI (current LCU) — 351.4 million (2025)
- GNI per capita (current LCU) — 19,895 (2025)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Palau's discrepancy in expenditure estimate of GDP (current LCU)?
- -24.08 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 69.71% from -14.19 million in 2005. The highest value was 1.45 million in 2021 and the lowest -24.08 million in 2024.
- How does Palau rank?
- 32nd highest of 37 economies with data for 2024.
- Is the latest change in discrepancy in expenditure estimate of GDP (current LCU) unusual for Palau?
- In 2024, Palau's discrepancy in expenditure estimate of GDP (current LCU) fell 12.82 million on 2023 (from -11.25 million to -24.08 million). Across the 18 yearly changes before that (2006 to 2023), the average change was +162,996 and a typical year strayed about 6.4 million from that (the standard deviation). This year's change was 2.0 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NY.GDP.DISC.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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