Palau's gross domestic savings (current LCU) was -41.59 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 184.64% from -14.61 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -41.59 million | 2024 |
| Five years earlier | -20.39 million | 2019 |
| Ten years earlier | -14.61 million | 2014 |
| Highest | 9.97 million | 2016 |
| Lowest | -73.22 million | 2022 |
| Average since 2015 | -32.52 million | 2015–2024 |
| First recorded | 3.98 million |
What the numbers say
In 2024, Palau's gross domestic savings (current LCU) rose 21.51 million on 2023 (from -63.1 million to -41.59 million).
Across the 18 yearly changes before that (2006 to 2023), the average change was −3.73 million and a typical year strayed about 11.9 million from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 22.88 million in 2015 and the biggest yearly fall was 34.52 million in 2020. 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 8.91 million a year. A straight line explains 75% 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 27th 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
What this measures
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). 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 | Gross domestic savings (current LCU) |
|---|---|
| 2024 | -41,589,570 |
| 2023 | -63,095,240 |
| 2022 | -73,221,755 |
| 2021 | -65,816,122 |
| 2020 | -54,905,041 |
| 2019 | -20,386,300 |
| 2018 | -17,181,256 |
| 2017 | -7,227,744 |
| 2016 | 9,967,725 |
| 2015 | 8,265,350 |
| 2014 |
Gross domestic savings (current LCU) in nearby economies
- Australia — 694.63 billion (2025)
- Brunei Darussalam — 9.21 billion (2025)
- Cambodia — 74.27 trillion (2025)
- China — 58.4 trillion (2024)
- Fiji — 1.45 billion (2024)
- French Polynesia — -39.85 billion (2024)
- Hong Kong SAR, China — 706.95 billion (2025)
- Indonesia — 8,870.47 trillion (2025)
- Japan — 169.88 trillion (2024)
- Kiribati — -326.7 million (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
Questions people ask
- What is Palau's gross domestic savings (current LCU)?
- -41.59 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 1,146% from 3.98 million in 2005. The highest value was 9.97 million in 2016 and the lowest -73.22 million in 2022.
- How does Palau rank?
- 27th highest of 36 economies with data for 2024.
- Is the latest change in gross domestic savings (current LCU) unusual for Palau?
- In 2024, Palau's gross domestic savings (current LCU) rose 21.51 million on 2023 (from -63.1 million to -41.59 million). Across the 18 yearly changes before that (2006 to 2023), the average change was −3.73 million and a typical year strayed about 11.9 million from that (the standard deviation). This year's change was 2.1 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NY.GDS.TOTL.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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