Palau: Final consumption expenditure (% of GDP)

Key figures

What the numbers say

In 2024, Palau's final consumption expenditure (% of GDP) fell 9.91 percentage points on 2023 (from 122.85% to 112.94%).

Across the 18 yearly changes before that (2006 to 2023), the average change was +1.39 percentage points and a typical year strayed about 5.2 percentage points from that (the standard deviation). This year's change was 2.2 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 13.97 percentage points in 2020 and the biggest yearly fall was 9.91 percentage points 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 the straight-line trend is upward, about 3.28 percentage points a year. A straight line explains 65% 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 7th highest value of the 36 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

• Marshall Islands — 4th of 36: 124.02%
• Tonga — 5th of 36: 119.75%
• Cuba — 6th of 36: 115.71%
• Solomon Islands — 8th of 36: 108.11%
• French Polynesia — 9th of 36: 105.71%
• Tajikistan — 10th of 36: 103.96%

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 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.

All 20 values

Final consumption expenditure (% of GDP) in nearby economies

• Australia — 75% (2025)
• Brunei Darussalam — 53.12% (2025)
• Cambodia — 63.91% (2025)
• China — 56.68% (2024)
• Fiji — 89.28% (2024)
• French Polynesia — 105.71% (2024)
• Hong Kong SAR, China — 78.78% (2025)
• Indonesia — 62.76% (2025)
• Japan — 73.21% (2024)
• Kiribati — 162.83% (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

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Questions people ask

What is Palau's final consumption expenditure (% of GDP)?

112.94% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 15.08 percentage points from 97.86% in 2005. The highest value was 129.59% in 2022 and the lowest 96.71% in 2016.

How does Palau rank?

7th highest of 36 economies with data for 2024.

Is the latest change in final consumption expenditure (% of GDP) unusual for Palau?

In 2024, Palau's final consumption expenditure (% of GDP) fell 9.91 percentage points on 2023 (from 122.85% to 112.94%). Across the 18 yearly changes before that (2006 to 2023), the average change was +1.39 percentage points and a typical year strayed about 5.2 percentage points from that (the standard deviation). This year's change was 2.2 standard deviations below that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NE.CON.TOTL.ZS, 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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