Palau: Industry, including construction, value added (constant LCU)

Key figures

Over five years it is down 14.03% from 31.69 million in 2019 (2.98% a year on average, compounded). Since 2000 it is down 19.47% from 33.83 million in 2000 (0.9% a year on average, compounded).

What the numbers say

In 2024, Palau's industry, including construction, value added (constant LCU) rose 37.2% on 2023 (from 19.85 million to 27.24 million).

Across the 23 yearly changes before that (2001 to 2023), the average change was −1% and a typical year strayed about 16.8% from that (the standard deviation). This year's change was 2.3 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 37.2% in 2024 and the biggest yearly fall was 27.1% 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 there is no clear straight-line trend: a straight line explains less than 1% 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 26th highest value of the 26 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 — 23rd of 26: 115.48 million
• Kiribati — 24th of 26: 47.82 million
• Marshall Islands — 25th of 26: 28.56 million

What this measures

Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 25 values

Industry, including construction, value added (constant LCU) in nearby economies

• Australia — 680.23 billion (2025)
• Brunei Darussalam — 11.94 billion (2025)
• Cambodia — 72.24 trillion (2025)
• China — 48.45 trillion (2025)
• Fiji — 1.75 billion (2025)
• Hong Kong SAR, China — 184.41 billion (2025)
• Indonesia — 5,167.28 trillion (2025)
• Japan — 161.07 trillion (2024)
• Kiribati — 47.82 million (2024)
• Korea, Rep. — 768.07 trillion (2025)
• Lao PDR — 60.1 trillion (2025)
• Macao SAR, China — 18.79 billion (2024)
• Malaysia — 616.77 billion (2025)
• Marshall Islands — 28.56 million (2024)
• Micronesia, Fed. Sts. — 11 million (2025)

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$351.4 million (2025)
• GNI (current LCU) — 351.4 million (2025)
• GNI per capita (current LCU) — 19,895 (2025)
• GDP (annual % growth) — 6.29% (2025)
• GDP per capita (annual % growth) — 6.48% (2025)
• GNI, Atlas method (current US$) — US$351.26 million (2025)
• GNI per capita, Atlas method (current US$) — US$19,890 (2025)

Every indicator for Palau is on the Palau data page.

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Questions people ask

What is Palau's industry, including construction, value added (constant LCU)?

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

How has it changed since 2000?

It is down 19.47% from 33.83 million in 2000 (0.9% a year on average, compounded). The highest value was 55.34 million in 2002 and the lowest 18.01 million in 2013.

How does Palau rank?

26th highest of 26 economies with data for 2024.

Is the latest change in industry, including construction, value added (constant LCU) unusual for Palau?

In 2024, Palau's industry, including construction, value added (constant LCU) rose 37.2% on 2023 (from 19.85 million to 27.24 million). Across the 23 yearly changes before that (2001 to 2023), the average change was −1% and a typical year strayed about 16.8% from that (the standard deviation). This year's change was 2.3 standard deviations above 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: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB).

Source

World Bank, World Development Indicators, indicator NV.IND.TOTL.KN, 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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