Palau's gross fixed capital formation (current LCU) was 115.22 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 45.47% from 79.21 million in 2014 (3.82% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 115.22 million | 2024 |
| Five years earlier | 97.67 million | 2019 |
| Ten years earlier | 79.21 million | 2014 |
| Highest | 115.22 million | 2024 |
| Lowest | 46.78 million | 2010 |
| Average since 2015 | 96.65 million | 2015–2024 |
| First recorded | 80.54 million |
What the numbers say
In 2024, Palau's gross fixed capital formation (current LCU) rose 17.9% on 2023 (from 97.69 million to 115.22 million).
Across the 18 yearly changes before that (2006 to 2023), the average change was +2.4% and a typical year strayed about 17.3% from that (the standard deviation). This year's change was 0.9 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 44.8% in 2014 and the biggest yearly fall was 25.3% in 2009. 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 2.43 million a year. A straight line explains 45% 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 38th highest value of the 38 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
- Timor-Leste — 34th of 38: 503.86 million
- Tonga — 35th of 38: 402 million
- Kiribati — 36th of 38: 150.99 million
- Marshall Islands — 38th of 38: 65.14 million
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. 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 fixed capital formation (current LCU) |
|---|---|
| 2024 | 115,219,963 |
| 2023 | 97,692,657 |
| 2022 | 104,852,470 |
| 2021 | 87,028,595 |
| 2020 | 111,451,800 |
| 2019 | 97,672,600 |
| 2018 | 82,917,800 |
| 2017 | 94,107,500 |
| 2016 | 89,781,300 |
| 2015 | 85,759,000 |
| 2014 |
Gross fixed capital formation (current LCU) in nearby economies
- Australia — 676.07 billion (2025)
- Brunei Darussalam — 5.29 billion (2025)
- Cambodia — 63.6 trillion (2025)
- China — 53.45 trillion (2024)
- Fiji — 2.72 billion (2024)
- French Polynesia — 152.8 billion (2024)
- Hong Kong SAR, China — 564.37 billion (2025)
- Indonesia — 6,852.62 trillion (2025)
- Japan — 176.4 trillion (2024)
- Kiribati
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 fixed capital formation (current LCU)?
- 115.22 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 43.06% from 80.54 million in 2005 (1.9% a year on average, compounded). The highest value was 115.22 million in 2024 and the lowest 46.78 million in 2010.
- How does Palau rank?
- 38th highest of 38 economies with data for 2024.
- Is the latest change in gross fixed capital formation (current LCU) unusual for Palau?
- In 2024, Palau's gross fixed capital formation (current LCU) rose 17.9% on 2023 (from 97.69 million to 115.22 million). Across the 18 yearly changes before that (2006 to 2023), the average change was +2.4% and a typical year strayed about 17.3% from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.GDI.FTOT.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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