Palau: Manufacturing, value added (current US$)

Key figures

What the numbers say

In 2024, Palau's manufacturing, value added (current US$) rose 23.4% on 2023 (from US$3.15 million to US$3.89 million).

Across the 23 yearly changes before that (2001 to 2023), the average change was +2.1% and a typical year strayed about 22.6% from that (the standard deviation). This year's change was 0.9 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 42.3% in 2002 and the biggest yearly fall was 61% in 2003. 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 25% 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 44th highest value of the 44 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

• Kiribati — 41st of 44: US$14.57 million
• Marshall Islands — 42nd of 44: US$9.04 million
• Turks and Caicos Islands — 43rd of 44: US$7.8 million

What this measures

Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 indicator is expressed in United States dollars.

Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."

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

All 25 values

Manufacturing, value added (current US$) in nearby economies

• Australia — US$95.63 billion (2025)
• Brunei Darussalam — US$1.49 billion (2025)
• Cambodia — US$14.88 billion (2025)
• China — US$4.82 trillion (2025)
• Fiji — US$566.21 million (2025)
• French Polynesia — US$263.67 million (2020)
• Hong Kong SAR, China — US$3.82 billion (2024)
• Indonesia — US$275.61 billion (2025)
• Japan — US$788.45 billion (2024)
• Kiribati — US$14.57 million (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

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Questions people ask

What is Palau's manufacturing, value added (current US$)?

US$3.89 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is down 5.02% from US$4.1 million in 2000 (0.21% a year on average, compounded). The highest value was US$7.46 million in 2002 and the lowest US$1.44 million in 2007.

How does Palau rank?

44th highest of 44 economies with data for 2024.

Is the latest change in manufacturing, value added (current US$) unusual for Palau?

In 2024, Palau's manufacturing, value added (current US$) rose 23.4% on 2023 (from US$3.15 million to US$3.89 million). Across the 23 yearly changes before that (2001 to 2023), the average change was +2.1% and a typical year strayed about 22.6% from that (the standard deviation). This year's change was 0.9 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 NV.IND.MANF.CD, 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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