Palau's travel services (% of service exports, BoP) was 84.7% in 2023, the latest year in the World Bank's World Development Indicators. That is down 5.61 percentage points from 90.3% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 84.7% | 2023 |
| Five years earlier | 89.2% | 2018 |
| Ten years earlier | 90.3% | 2013 |
| Highest | 91.1% | 2016 |
| Lowest | 43.85% | 2021 |
| Average since 2014 | 82.46% | 2014–2023 |
| First recorded | 83.76% | 2005 |
What the numbers say
In 2023, Palau's travel services (% of service exports, BoP) rose 12.26 percentage points on 2022 (from 72.44% to 84.7%).
Across the 17 yearly changes before that (2006 to 2022), the average change was −0.67 percentage points and a typical year strayed about 12.53 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 28.58 percentage points in 2022 and the biggest yearly fall was 40.67 percentage points in 2021. 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 30% 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 2nd 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 | 84.7% | 2023 |
| World | 19.75% | 2025 |
| East Asia & Pacific | 23.42% | 2025 |
| High income | 18.09% | 2025 |
Closest to Palau in the 2023 ranking
- Aruba — 1st of 10: 87.83%
- Tuvalu — 3rd of 10: 84.45%
- Sint Maarten (Dutch part) — 4th of 10: 80.8%
- Guyana — 5th of 10: 75.4%
What this measures
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 19 values
| Year | Travel services (% of service exports, BoP) |
|---|---|
| 2023 | 84.7 |
| 2022 | 72.44 |
| 2021 | 43.85 |
| 2020 | 84.53 |
| 2019 | 88 |
| 2018 | 89.2 |
| 2017 | 89.39 |
| 2016 | 91.1 |
| 2015 | 90.44 |
| 2014 | 90.94 |
| 2013 |
Travel services (% of service exports, BoP) in nearby economies
- Australia — 60.27% (2025)
- Brunei Darussalam — 34.85% (2025)
- Cambodia — 72.58% (2025)
- China — 14.34% (2025)
- Fiji — 53.08% (2024)
- French Polynesia — 47.68% (2016)
- Hong Kong SAR, China — 21.54% (2025)
- Indonesia — 42.92% (2025)
- Japan — 26.03% (2025)
- Kiribati — 27.03% (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 travel services (% of service exports, BoP)?
- 84.7% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 0.94 percentage points from 83.76% in 2005. The highest value was 91.1% in 2016 and the lowest 43.85% in 2021.
- How does Palau rank?
- 2nd highest of 10 economies with data for 2023.
- Is the latest change in travel services (% of service exports, BoP) unusual for Palau?
- In 2023, Palau's travel services (% of service exports, BoP) rose 12.26 percentage points on 2022 (from 72.44% to 84.7%). Across the 17 yearly changes before that (2006 to 2022), the average change was −0.67 percentage points and a typical year strayed about 12.53 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator BX.GSR.TRVL.ZS, 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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