External balance on goods and services in Palau
Palau: External balance on goods and services was -93.36 million constant LCU in 2024. ▲ Rising
External balance on goods and services in Palau, 2019–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2024, external balance on goods and services in Palau stood at -93.36 million constant LCU. That is the highest value across all 6 years on record.
The figure is up 18.3% on the previous year and up 14.8% over ten years.
That places Palau 61st out of 161 countries with data for 2024, putting it in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -109.55 million constant LCU | -109.55 million constant LCU | -109.55 million constant LCU | 1 |
| 2020s | -134.26 million constant LCU | -157.95 million constant LCU | -93.36 million constant LCU | 5 |
Countries ranked near Palau
- 58 United States Virgin Islands 262.00 million constant LCU compare
- 59 Ghana 211.18 million constant LCU compare
- 60 Belize 25.10 million constant LCU compare
- 62 Marshall Islands -110.12 million constant LCU compare
- 63 Bahamas -153.10 million constant LCU compare
- 64 American Samoa -249.00 million constant LCU compare
More economy & growth data for Palau
- Exports of goods and services 40.6% (2024)
- Gross national expenditure 475.51 million current LCU (2024)
- Gross national expenditure 361.81 million constant 2015 US$ (2024)
- Industry (including construction), value added 27.24 million constant LCU (2024)
- Gross national expenditure 147.9% (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)
- Gross fixed capital formation 87.75 million constant 2015 US$ (2024)
- Gross fixed capital formation 115.22 million current LCU (2024)
Frequently asked questions
- What is external balance on goods and services in Palau?
- External balance on goods and services in Palau was -93.36 million constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Palau?
- The highest recorded value was -93.36 million constant LCU in 2024.
- What is the lowest external balance on goods and services recorded in Palau?
- The lowest recorded value was -157.95 million constant LCU in 2021.
- How does Palau rank for external balance on goods and services?
- Palau ranks 61st out of 161 countries with data for 2024.
- Is external balance on goods and services rising or falling in Palau?
- Over the last ten years it is up 14.8%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.