Current account balance in Palau
Palau: Current account balance was -134.25 million BoP, current US$ in 2023. ◆ Volatile
Current account balance in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2023, current account balance in Palau stood at -134.25 million BoP, current US$. That is the lowest value across all 19 years on record.
That represents a change of down 14.6% on the previous year and down 359.6% over ten years.
Over the whole period, current account balance in Palau peaked at -6.14 million BoP, current US$ in 2009 and was at its lowest, -134.25 million BoP, current US$, in 2023.
Palau ranks 91st of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -32.98 million BoP, current US$ | -48.79 million BoP, current US$ | -6.14 million BoP, current US$ | 5 |
| 2010s | -43.50 million BoP, current US$ | -85.81 million BoP, current US$ | -18.68 million BoP, current US$ | 10 |
| 2020s | -115.24 million BoP, current US$ | -134.25 million BoP, current US$ | -95.97 million BoP, current US$ | 4 |
Countries ranked near Palau
- 88 Eritrea -104.66 million BoP, current US$ compare
- 89 Sint Maarten (Dutch part) -116.69 million BoP, current US$ compare
- 90 Vanuatu -127.43 million BoP, current US$ compare
- 92 Haiti -145.14 million BoP, current US$ compare
- 93 Albania -160.91 million BoP, current US$ compare
- 94 Guinea-Bissau -161.73 million BoP, current US$ compare
More economy & growth data for Palau
- Gross fixed capital formation 115.22 million current LCU (2024)
- Exports of goods and services 105.13 million current US$ (2024)
- Exports of goods and services 105.13 million current LCU (2024)
- Exports of goods and services 92.19 million constant 2015 US$ (2024)
- Exports of goods and services 40.6% (2024)
- Services, value added 234.96 million current LCU (2024)
- Exports of goods and services 32.7% (2024)
- Gross fixed capital formation 115.22 million current US$ (2024)
- Changes in inventories -2.80 million current US$ (2024)
- Gross fixed capital formation 35.8% (2024)
Frequently asked questions
- What is current account balance in Palau?
- Current account balance in Palau was -134.25 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Palau?
- The highest recorded value was -6.14 million BoP, current US$ in 2009.
- What is the lowest current account balance recorded in Palau?
- The lowest recorded value was -134.25 million BoP, current US$ in 2023.
- How does Palau rank for current account balance?
- Palau ranks 91st out of 199 countries with data for 2023.
- Is current account balance rising or falling in Palau?
- Over the last ten years it is down 359.6%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. 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.