Palau's service imports (current US$, BoP) was US$43 million in 2023, the latest year in the World Bank's World Development Indicators. That is up 0.05% from US$42.98 million in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$43 million | 2023 |
| Five years earlier | US$62.95 million | 2018 |
| Ten years earlier | US$42.98 million | 2013 |
| Highest | US$68.32 million | 2017 |
| Lowest | US$30.92 million | 2005 |
| Average since 2014 | US$55.84 million | 2014–2023 |
| First recorded | US$30.92 million |
What the numbers say
In 2023, Palau's service imports (current US$, BoP) fell 29.9% on 2022 (from US$61.34 million to US$43 million).
Across the 17 yearly changes before that (2006 to 2022), the average change was +5.2% and a typical year strayed about 15.4% from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 40.8% in 2022 and the biggest yearly fall was 29.9% 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 3% 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 11th 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.
| Value | Year | |
|---|---|---|
| Palau | US$43 million | 2023 |
| World | US$8.75 trillion | 2025 |
| East Asia & Pacific | US$2.09 trillion | 2025 |
| High income | US$6.82 trillion | 2025 |
Closest to Palau in the 2023 ranking
- Curaçao — 8th of 12: US$934.55 million
- Sint Maarten (Dutch part) — 9th of 12: US$330.39 million
- Comoros — 10th of 12: US$205.36 million
- Tuvalu — 12th of 12: US$32.44 million
What this measures
Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 19 values
| Year | Service imports (current US$, BoP) |
|---|---|
| 2023 | 43,003,000 |
| 2022 | 61,343,000 |
| 2021 | 43,558,000 |
| 2020 | 54,766,000 |
| 2019 | 64,587,000 |
| 2018 | 62,953,000 |
| 2017 | 68,317,000 |
| 2016 | 63,166,000 |
| 2015 | 52,639,106 |
| 2014 | 44,041,948 |
| 2013 |
Service imports (current US$, BoP) in nearby economies
- Australia — US$116.08 billion (2025)
- Brunei Darussalam — US$1.54 billion (2025)
- Cambodia — US$3.22 billion (2025)
- China — US$622.79 billion (2025)
- Fiji — US$995.84 million (2024)
- French Polynesia — US$384.04 million (2016)
- Hong Kong SAR, China — US$93.42 billion (2025)
- Indonesia — US$62.78 billion (2025)
- Japan — US$269.16 billion (2025)
- Kiribati — US$101.87 million (2025)
- Korea, Rep.
More economic policy & debt data for Palau
- GDP (current US$) — 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$351.4 million (2025)
- GNI (current LCU) — 351.4 million (2025)
- GNI per capita (current LCU) — 19,895 (2025)
- GDP (annual % growth)
Reading data like this
Questions people ask
- What is Palau's service imports (current US$, BoP)?
- US$43 million in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 39.08% from US$30.92 million in 2005 (1.85% a year on average, compounded). The highest value was US$68.32 million in 2017 and the lowest US$30.92 million in 2005.
- How does Palau rank?
- 11th highest of 12 economies with data for 2023.
- Is the latest change in service imports (current US$, BoP) unusual for Palau?
- In 2023, Palau's service imports (current US$, BoP) fell 29.9% on 2022 (from US$61.34 million to US$43 million). Across the 17 yearly changes before that (2006 to 2022), the average change was +5.2% and a typical year strayed about 15.4% from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator BM.GSR.NFSV.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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