Palau's industry, including construction, value added (current LCU) was 41.87 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 124.03% from 18.69 million in 2014 (8.4% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 41.87 million | 2024 |
| Five years earlier | 31.69 million | 2019 |
| Ten years earlier | 18.69 million | 2014 |
| Highest | 41.87 million | 2024 |
| Lowest | 16.65 million | 2009 |
| Average since 2015 | 29.5 million | 2015–2024 |
| First recorded | 21.71 million |
What the numbers say
In 2024, Palau's industry, including construction, value added (current LCU) rose 50.3% on 2023 (from 27.86 million to 41.87 million).
Across the 23 yearly changes before that (2001 to 2023), the average change was +2.3% and a typical year strayed about 16.4% from that (the standard deviation). This year's change was 2.9 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 50.3% in 2024 and the biggest yearly fall was 23.1% in 2017. 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 1.16 million a year. A straight line explains 41% 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 30th highest value of the 31 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 — 27th of 31: 220.54 million
- Turks and Caicos Islands — 28th of 31: 162.97 million
- Kiribati — 29th of 31: 61.25 million
- Marshall Islands — 31st of 31: 38.23 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 25 values
| Year | Industry, including construction, value added (current LCU) |
|---|---|
| 2024 | 41,871,700 |
| 2023 | 27,859,800 |
| 2022 | 30,230,400 |
| 2021 | 27,589,400 |
| 2020 | 32,943,600 |
| 2019 | 31,691,000 |
| 2018 | 25,839,200 |
| 2017 | 23,568,400 |
| 2016 | 30,665,400 |
| 2015 | 22,774,100 |
Industry, including construction, value added (current LCU) in nearby economies
- Australia — 663.78 billion (2025)
- Brunei Darussalam — 11.79 billion (2025)
- Cambodia — 88.76 trillion (2025)
- China — 49.97 trillion (2025)
- Fiji — 1.98 billion (2025)
- French Polynesia — 62.15 billion (2020)
- Hong Kong SAR, China — 196.55 billion (2024)
- Indonesia — 9,220.61 trillion (2025)
- Japan — 169.83 trillion (2024)
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 industry, including construction, value added (current LCU)?
- 41.87 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 92.89% from 21.71 million in 2000 (2.78% a year on average, compounded). The highest value was 41.87 million in 2024 and the lowest 16.65 million in 2009.
- How does Palau rank?
- 30th highest of 31 economies with data for 2024.
- Is the latest change in industry, including construction, value added (current LCU) unusual for Palau?
- In 2024, Palau's industry, including construction, value added (current LCU) rose 50.3% on 2023 (from 27.86 million to 41.87 million). Across the 23 yearly changes before that (2001 to 2023), the average change was +2.3% and a typical year strayed about 16.4% from that (the standard deviation). This year's change was 2.9 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NV.IND.TOTL.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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