Palau: Import value index (2015 = 100)

Key figures

What the numbers say

In 2024, Palau's import value index (2015 = 100) fell 35 on 2023 (from 118.5 to 83.5).

Across the 18 yearly changes before that (2006 to 2023), the average change was +2.84 and a typical year strayed about 15.52 from that (the standard deviation). This year's change was 2.4 standard deviations below that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 31.3 in 2022 and the biggest yearly fall was 35 in 2024. 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 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 187th highest value of the 204 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

• Algeria — 184th of 204: 88.2
• Suriname — 185th of 204: 87.7
• New Caledonia — 186th of 204: 85.6
• Trinidad and Tobago — 188th of 204: 83.1
• Haiti — 189th of 204: 82.4
• Angola — 190th of 204: 80

What this measures

Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's import value indexes are reported for most economies.

All 20 values

Import value index (2015 = 100) in nearby economies

• American Samoa — 105.9 (2024)
• Australia — 142.1 (2024)
• Brunei Darussalam — 232 (2024)
• Cambodia — 215.4 (2024)
• China — 153.9 (2024)
• Fiji — 149.3 (2024)
• French Polynesia — 149.7 (2024)
• Guam — 127.5 (2024)
• Hong Kong SAR, China — 126 (2024)
• Indonesia — 166 (2024)
• Japan — 114.7 (2024)

More trade data for Palau

• Import volume index (2015 = 100) — 67.1 (2024)
• Net barter terms of trade index (2015 = 100) — 96.5 (2024)
• Export volume index (2015 = 100) — 35.5 (2024)
• Export value index (2015 = 100) — 42.6 (2024)
• Tariff rate, applied, simple mean, manufactured products (%) — 4.33% (2021)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 4.17% (2021)
• Tariff rate, applied, weighted mean, manufactured products (%) — 4.2% (2021)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 4.2% (2021)
• Tariff rate, applied, simple mean, all products (%) — 6.8% (2021)

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 import value index (2015 = 100)?

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

How has it changed since 2005?

It is up 24.07% from 67.3 in 2005 (1.14% a year on average, compounded). The highest value was 126 in 2019 and the lowest 61.1 in 2009.

How does Palau rank?

187th highest of 204 economies with data for 2024.

Is the latest change in import value index (2015 = 100) unusual for Palau?

In 2024, Palau's import value index (2015 = 100) fell 35 on 2023 (from 118.5 to 83.5). Across the 18 yearly changes before that (2006 to 2023), the average change was +2.84 and a typical year strayed about 15.52 from that (the standard deviation). This year's change was 2.4 standard deviations below that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD).

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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