Palau's households and NPISHs final consumption expenditure (current LCU) was 239.96 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 31.29% from 182.77 million in 2014 (2.76% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 239.96 million | 2024 |
| Five years earlier | 207.1 million | 2019 |
| Ten years earlier | 182.77 million | 2014 |
| Highest | 239.96 million | 2024 |
| Lowest | 123.92 million | 2005 |
| Average since 2015 | 211.29 million | 2015–2024 |
| First recorded | 123.92 million |
What the numbers say
In 2024, Palau's households and NPISHs final consumption expenditure (current LCU) rose 7.1% on 2023 (from 223.97 million to 239.96 million).
Across the 18 yearly changes before that (2006 to 2023), the average change was +3.4% and a typical year strayed about 4.7% from that (the standard deviation). This year's change was 0.8 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 11% in 2012 and the biggest yearly fall was 4.5% 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 3.05 million a year. A straight line explains 49% 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 36th 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
- Timor-Leste — 32nd of 36: 1.56 billion
- Tonga — 33rd of 36: 1.48 billion
- Kiribati — 34th of 36: 539.78 million
- Marshall Islands — 36th of 36: 198.03 million
What this measures
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. 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 | Households and NPISHs final consumption expenditure (current LCU) |
|---|---|
| 2024 | 239,962,812 |
| 2023 | 223,967,834 |
| 2022 | 216,086,580 |
| 2021 | 196,158,130 |
| 2020 | 205,102,300 |
| 2019 | 207,095,700 |
| 2018 | 212,484,000 |
| 2017 | 209,879,300 |
| 2016 | 207,198,100 |
| 2015 | 194,928,000 |
Households and NPISHs final consumption expenditure (current LCU) in nearby economies
- American Samoa — 621 million (2022)
- Australia — 1.44 trillion (2025)
- Brunei Darussalam — 5.76 billion (2025)
- Cambodia — 119.86 trillion (2025)
- China — 53.88 trillion (2024)
- Fiji — 9.53 billion (2024)
- French Polynesia — 514.1 billion (2024)
- Guam — 4.14 billion (2022)
- Hong Kong SAR, China
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 households and NPISHs final consumption expenditure (current LCU)?
- 239.96 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 93.64% from 123.92 million in 2005 (3.54% a year on average, compounded). The highest value was 239.96 million in 2024 and the lowest 123.92 million in 2005.
- How does Palau rank?
- 36th highest of 36 economies with data for 2024.
- Is the latest change in households and NPISHs final consumption expenditure (current LCU) unusual for Palau?
- In 2024, Palau's households and NPISHs final consumption expenditure (current LCU) rose 7.1% on 2023 (from 223.97 million to 239.96 million). Across the 18 yearly changes before that (2006 to 2023), the average change was +3.4% and a typical year strayed about 4.7% from that (the standard deviation). This year's change was 0.8 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.CON.PRVT.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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