Palau's general government final consumption expenditure (current LCU) was 123.13 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 59.34% from 77.28 million in 2014 (4.77% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 123.13 million | 2024 |
| Five years earlier | 95.24 million | 2019 |
| Ten years earlier | 77.28 million | 2014 |
| Highest | 123.13 million | 2024 |
| Lowest | 57.76 million | 2005 |
| Average since 2015 | 99.91 million | 2015–2024 |
| First recorded | 57.76 million |
What the numbers say
In 2024, Palau's general government final consumption expenditure (current LCU) rose 6.8% on 2023 (from 115.28 million to 123.13 million).
Across the 18 yearly changes before that (2006 to 2023), the average change was +4% and a typical year strayed about 4.5% from that (the standard deviation). This year's change was 0.6 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 14.2% in 2020 and the biggest yearly fall was 2.9% 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 the straight-line trend is upward, about 4.42 million a year. A straight line explains 94% 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.
A straight-line projection, tested first
Extending that straight line gives about 132.15 million for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 3.97 million, against 9.4 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Palau had the 37th 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
- Tonga — 33rd of 36: 361.78 million
- Kiribati — 34th of 36: 306.93 million
- Marshall Islands — 35th of 36: 155.42 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 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 | General government final consumption expenditure (current LCU) |
|---|---|
| 2024 | 123,128,571 |
| 2023 | 115,284,813 |
| 2022 | 104,605,988 |
| 2021 | 105,593,727 |
| 2020 | 108,788,600 |
| 2019 | 95,244,500 |
| 2018 | 92,925,500 |
| 2017 | 87,332,100 |
| 2016 | 86,160,300 |
| 2015 | 80,031,500 |
General government final consumption expenditure (current LCU) in nearby economies
- Australia — 643.28 billion (2025)
- Brunei Darussalam — 4.68 billion (2025)
- Cambodia — 11.63 trillion (2025)
- China — 22.52 trillion (2024)
- Fiji — 2.56 billion (2024)
- French Polynesia — 223.3 billion (2024)
- Hong Kong SAR, China — 418.83 billion (2025)
- Indonesia — 1,794.3 trillion (2025)
- Japan
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 general government final consumption expenditure (current LCU)?
- 123.13 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
Source
World Bank, World Development Indicators, indicator NE.CON.GOVT.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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