Palau: Households and NPISHs Final consumption expenditure, PPP (current international $)

Key figures

What the numbers say

In 2024, Palau's households and NPISHs Final consumption expenditure, PPP (current international $) rose 7.9% on 2023 (from 223.87 million to 241.54 million).

Across the 18 yearly changes before that (2006 to 2023), the average change was +2.1% and a typical year strayed about 4.3% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 9.3% in 2012 and the biggest yearly fall was 6.2% 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 2.36 million a year. A straight line explains 51% 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 29th highest value of the 28 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

• Vanuatu — 25th of 28: 932.15 million
• Tonga — 26th of 28: 810.19 million
• Kiribati — 27th of 28: 577.65 million

What this measures

This indicator provides values for final consumption expenditure expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure 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 series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.

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

All 20 values

Households and NPISHs Final consumption expenditure, PPP (current international $) in nearby economies

• American Samoa — 666.34 million (2021)
• Australia — 983.89 billion (2025)
• Brunei Darussalam — 10.93 billion (2025)
• Cambodia — 81.38 billion (2025)
• China — 15.17 trillion (2024)
• Fiji — 10.29 billion (2024)
• Guam — 3.44 billion (2021)
• 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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Palau's households and NPISHs Final consumption expenditure, PPP (current international $)?

241.54 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 55.1% from 155.73 million in 2005 (2.34% a year on average, compounded). The highest value was 241.54 million in 2024 and the lowest 152.57 million in 2010.

How does Palau rank?

29th highest of 28 economies with data for 2024.

Is the latest change in households and NPISHs Final consumption expenditure, PPP (current international $) unusual for Palau?

Source

World Bank, World Development Indicators, indicator NE.CON.PRVT.PP.CD, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, note: This information is for ICP’s PPPs utilized in WDI, publisher: International Comparison Program (ICP), date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Progr… 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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