Palau's exports of goods and services (current LCU) was 105.13 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 22.55% from 135.74 million in 2014 (2.52% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 105.13 million | 2024 |
| Five years earlier | 108.05 million | 2019 |
| Ten years earlier | 135.74 million | 2014 |
| Highest | 151.92 million | 2015 |
| Lowest | 15.53 million | 2021 |
| Average since 2015 | 95.32 million | 2015–2024 |
| First recorded | 81.75 million |
What the numbers say
In 2024, Palau's exports of goods and services (current LCU) rose 45.6% on 2023 (from 72.19 million to 105.13 million).
Across the 18 yearly changes before that (2006 to 2023), the average change was +8.5% and a typical year strayed about 46.7% from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 146% in 2022 and the biggest yearly fall was 74.3% in 2021. 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 the straight-line trend is downward, about 10.79 million a year. A straight line explains 49% of the movement over 10 observed years.
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 34th highest value of the 34 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
- Belize — 30th of 34: 3.54 billion
- Tonga — 31st of 34: 259.77 million
- Timor-Leste — 32nd of 34: 196.96 million
- Kiribati — 34th of 34: 23.48 million
What this measures
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. 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 | Exports of goods and services (current LCU) |
|---|---|
| 2024 | 105,126,808 |
| 2023 | 72,190,392 |
| 2022 | 38,204,285 |
| 2021 | 15,530,629 |
| 2020 | 60,400,900 |
| 2019 | 108,052,200 |
| 2018 | 123,289,700 |
| 2017 | 132,309,900 |
| 2016 | 146,216,600 |
| 2015 | 151,922,300 |
| 2014 |
Exports of goods and services (current LCU) in nearby economies
- American Samoa — 409 million (2022)
- Australia — 645.94 billion (2025)
- Brunei Darussalam — 14.07 billion (2025)
- Cambodia — 141.25 trillion (2025)
- China — 29.54 trillion (2025)
- Fiji — 7.37 billion (2024)
- French Polynesia — 127.8 billion (2024)
- Guam — 545 million (2022)
- Hong Kong SAR, China — 6.66 trillion (2025)
- Indonesia
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 exports of goods and services (current LCU)?
- 105.13 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 28.59% from 81.75 million in 2005 (1.33% a year on average, compounded). The highest value was 151.92 million in 2015 and the lowest 15.53 million in 2021.
- How does Palau rank?
- 34th highest of 34 economies with data for 2024.
- Is the latest change in exports of goods and services (current LCU) unusual for Palau?
- In 2024, Palau's exports of goods and services (current LCU) rose 45.6% on 2023 (from 72.19 million to 105.13 million). Across the 18 yearly changes before that (2006 to 2023), the average change was +8.5% and a typical year strayed about 46.7% from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.EXP.GNFS.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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