Palau's net primary income (current US$, BoP) was −US$16.56 million in 2023, the latest year in the World Bank's World Development Indicators. That is down 237.84% from −US$4.9 million in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$16.56 million | 2023 |
| Five years earlier | −US$7.46 million | 2018 |
| Ten years earlier | −US$4.9 million | 2013 |
| Highest | US$9.71 million | 2021 |
| Lowest | −US$16.56 million | 2023 |
| Average since 2014 | −US$5.16 million | 2014–2023 |
| First recorded | −US$4.65 million |
What the numbers say
In 2023, Palau's net primary income (current US$, BoP) fell US$19.69 million on 2022 (from US$3.13 million to −US$16.56 million).
Across the 17 yearly changes before that (2006 to 2022), the average change was +US$457,153 and a typical year strayed about US$5.6 million from that (the standard deviation). This year's change was 3.6 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$9.87 million in 2017 and the biggest yearly fall was US$19.69 million in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 20% 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 2023, Palau had the 5th highest value of the 12 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 2023 ranking
What this measures
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). 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: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.
All 19 values
| Year | Net primary income (current US$, BoP) |
|---|---|
| 2023 | -16,563,000 |
| 2022 | 3,126,000 |
| 2021 | 9,707,000 |
| 2020 | 6,003,000 |
| 2019 | -1,977,000 |
| 2018 | -7,463,000 |
| 2017 | -5,883,000 |
| 2016 | -15,751,000 |
| 2015 | -12,121,986 |
| 2014 | -10,663,973 |
| 2013 |
Net primary income (current US$, BoP) in nearby economies
- Australia — −US$53.22 billion (2025)
- Brunei Darussalam — US$487.51 million (2025)
- Cambodia — −US$904.44 million (2025)
- China — −US$109.54 billion (2025)
- Fiji — −US$370.14 million (2024)
- French Polynesia — US$550.45 million (2016)
- Hong Kong SAR, China — US$42.9 billion (2025)
- Indonesia — −US$37.62 billion (2025)
- Japan — US$279.96 billion (2025)
- Kiribati — US$195.13 million (2025)
More economic policy & debt data for Palau
- GDP (current US$) — 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$351.4 million (2025)
- GNI (current LCU) — 351.4 million (2025)
- GNI per capita (current LCU) — 19,895 (2025)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Palau's net primary income (current US$, BoP)?
- −US$16.56 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 256.53% from −US$4.65 million in 2005. The highest value was US$9.71 million in 2021 and the lowest −US$16.56 million in 2023.
- How does Palau rank?
- 5th highest of 12 economies with data for 2023.
- Is the latest change in net primary income (current US$, BoP) unusual for Palau?
- In 2023, Palau's net primary income (current US$, BoP) fell US$19.69 million on 2022 (from US$3.13 million to −US$16.56 million). Across the 17 yearly changes before that (2006 to 2022), the average change was +US$457,153 and a typical year strayed about US$5.6 million from that (the standard deviation). This year's change was 3.6 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator BN.GSR.FCTY.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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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