Palau's personal transfers, receipts (current US$, BoP) was US$1.06 million in 2023, the latest year in the World Bank's World Development Indicators. That is down 47.93% from US$2.03 million in 2013 (6.32% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.06 million | 2023 |
| Five years earlier | US$876,000 | 2018 |
| Ten years earlier | US$2.03 million | 2013 |
| Highest | US$2.04 million | 2012 |
| Lowest | US$840,000 | 2016 |
| Average since 2014 | US$1.12 million | 2014–2023 |
| First recorded | US$1.35 million |
What the numbers say
In 2023, Palau's personal transfers, receipts (current US$, BoP) rose 5% on 2022 (from US$1.01 million to US$1.06 million).
Across the 17 yearly changes before that (2006 to 2022), the average change was +0.1% and a typical year strayed about 16% from that (the standard deviation). This year's change was 0.3 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 20.6% in 2012 and the biggest yearly fall was 56.6% in 2016. 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 the straight-line trend is downward, about US$81,160 a year. A straight line explains 34% 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 2023, Palau had the 9th highest value of the 10 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.
| Value | Year | |
|---|---|---|
| Palau | US$1.06 million | 2023 |
| World | US$567.33 billion | 2023 |
Closest to Palau in the 2023 ranking
- Curaçao — 6th of 10: US$102.42 million
- Sint Maarten (Dutch part) — 7th of 10: US$44.41 million
- Aruba — 8th of 10: US$31.59 million
- Tuvalu — 10th of 10: US$218,992
What this measures
Personal transfers are current transfers, in cash or in kind, received by resident households from non-resident households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 19 values
| Year | Personal transfers, receipts (current US$, BoP) |
|---|---|
| 2023 | 1,056,000 |
| 2022 | 1,006,000 |
| 2021 | 933,000 |
| 2020 | 904,000 |
| 2019 | 892,000 |
| 2018 | 876,000 |
| 2017 | 856,000 |
| 2016 | 840,000 |
| 2015 | 1,934,436 |
| 2014 | 1,891,252 |
| 2013 |
Personal transfers, receipts (current US$, BoP) in nearby economies
- Cambodia — US$2.12 billion (2025)
- China — US$6.2 billion (2018)
- Fiji — US$391.28 million (2024)
- French Polynesia — US$1.86 million (2016)
- Indonesia — US$17.25 billion (2025)
- Japan — US$4.41 billion (2025)
- Kiribati — US$9.76 million (2025)
- Korea, Rep. — US$6.29 billion (2025)
- Lao PDR — US$400.26 million (2025)
- Macao SAR, China
More economic policy & debt data for Palau
- GDP (current US$) — 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$351.4 million (2025)
- GNI (current LCU) — 351.4 million (2025)
- GNI per capita (current LCU) — 19,895 (2025)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Palau's personal transfers, receipts (current US$, BoP)?
- US$1.06 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is down 21.95% from US$1.35 million in 2005 (1.37% a year on average, compounded). The highest value was US$2.04 million in 2012 and the lowest US$840,000 in 2016.
- How does Palau rank?
- 9th highest of 10 economies with data for 2023.
- Is the latest change in personal transfers, receipts (current US$, BoP) unusual for Palau?
- In 2023, Palau's personal transfers, receipts (current US$, BoP) rose 5% on 2022 (from US$1.01 million to US$1.06 million). Across the 17 yearly changes before that (2006 to 2022), the average change was +0.1% and a typical year strayed about 16% from that (the standard deviation). This year's change was 0.3 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 BX.TRF.PWKR.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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