Palau's final consumption expenditure (constant 2015 US$) was US$276.18 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 2.54% from US$269.33 million in 2014 (0.25% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$276.18 million | 2024 |
| Five years earlier | US$288.86 million | 2019 |
| Ten years earlier | US$269.33 million | 2014 |
| Highest | US$301.05 million | 2020 |
| Lowest | US$247.76 million | 2011 |
| Average since 2015 | US$283.88 million | 2015–2024 |
| First recorded | US$258.34 million |
What the numbers say
In 2024, Palau's final consumption expenditure (constant 2015 US$) rose 3.7% on 2023 (from US$266.41 million to US$276.18 million).
Across the 18 yearly changes before that (2006 to 2023), the average change was +0.2% and a typical year strayed about 3.1% from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 5% in 2016 and the biggest yearly fall was 5.1% 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 there is no clear straight-line trend: a straight line explains 13% 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 29th highest value of the 29 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.
| Value | Year | |
|---|---|---|
| Palau | US$276.18 million | 2024 |
| World | US$70.92 trillion | 2024 |
| East Asia & Pacific | US$20.45 trillion | 2025 |
| High income | US$45.91 trillion | 2024 |
Closest to Palau in the 2024 ranking
- Solomon Islands — 25th of 29: US$1.65 billion
- Tonga — 26th of 29: US$642.46 million
- Kiribati — 27th of 29: US$468.78 million
- Marshall Islands — 29th of 29: US$270.51 million
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 20 values
| Year | Final consumption expenditure (constant 2015 US$) |
|---|---|
| 2024 | 276,176,811 |
| 2023 | 266,406,682 |
| 2022 | 278,638,159 |
| 2021 | 285,710,859 |
| 2020 | 301,048,292 |
| 2019 | 288,864,113 |
| 2018 | 289,902,089 |
| 2017 | 288,334,137 |
| 2016 | 288,774,494 |
| 2015 | 274,959,400 |
Final consumption expenditure (constant 2015 US$) in nearby economies
- Australia — US$1.35 trillion (2025)
- Brunei Darussalam — US$7.71 billion (2025)
- Cambodia — US$27.09 billion (2025)
- China — US$10.72 trillion (2025)
- Hong Kong SAR, China — US$273.62 billion (2025)
- Indonesia — US$835.18 billion (2025)
- Japan — US$3.45 trillion (2024)
- Kiribati — US$468.78 million (2024)
- Korea, Rep. — US$1.26 trillion (2025)
- Lao PDR
More economic policy & debt data for Palau
- GDP (current US$) — 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$351.4 million (2025)
- GNI (current LCU) — 351.4 million (2025)
- GNI per capita (current LCU) — 19,895 (2025)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Palau's final consumption expenditure (constant 2015 US$)?
- US$276.18 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 6.91% from US$258.34 million in 2005 (0.35% a year on average, compounded). The highest value was US$301.05 million in 2020 and the lowest US$247.76 million in 2011.
- How does Palau rank?
- 29th highest of 29 economies with data for 2024.
- Is the latest change in final consumption expenditure (constant 2015 US$) unusual for Palau?
- In 2024, Palau's final consumption expenditure (constant 2015 US$) rose 3.7% on 2023 (from US$266.41 million to US$276.18 million). Across the 18 yearly changes before that (2006 to 2023), the average change was +0.2% and a typical year strayed about 3.1% from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NE.CON.TOTL.KD, 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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