Palau: General government final consumption expenditure (constant 2015 US$)

Key figures

What the numbers say

In 2024, Palau's general government final consumption expenditure (constant 2015 US$) rose 2.3% on 2023 (from US$86.29 million to US$88.3 million).

Across the 18 yearly changes before that (2006 to 2023), the average change was +0.3% and a typical year strayed about 4.1% from that (the standard deviation). This year's change was 0.5 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 10.5% in 2020 and the biggest yearly fall was 5.9% 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 28% 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.

Closest to Palau in the 2024 ranking

• Tonga — 26th of 29: US$133.62 million
• Kiribati — 27th of 29: US$118.05 million
• Marshall Islands — 28th of 29: US$117.85 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Measures of growth in consumption and capital formation are subject to two kinds of inaccuracy. The first stems from the difficulty of measuring expenditures at current price levels.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 20 values

General government final consumption expenditure (constant 2015 US$) in nearby economies

• Australia — US$418.83 billion (2025)
• Brunei Darussalam — US$3.18 billion (2025)
• Cambodia — US$2.46 billion (2025)
• Hong Kong SAR, China — US$42.14 billion (2025)
• Indonesia — US$106.29 billion (2025)
• Japan — US$999.41 billion (2024)
• Kiribati — US$118.05 million (2024)
• Korea, Rep. — US$332.28 billion (2025)

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 general government final consumption expenditure (constant 2015 US$)?

US$88.3 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 6.03% from US$83.29 million in 2005 (0.31% a year on average, compounded). The highest value was US$96.3 million in 2020 and the lowest US$79.41 million in 2012.

How does Palau rank?

29th highest of 29 economies with data for 2024.

Is the latest change in general government final consumption expenditure (constant 2015 US$) unusual for Palau?

Source

World Bank, World Development Indicators, indicator NE.CON.GOVT.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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