External balance on goods and services in Palau
Palau: External balance on goods and services was -129.93 million current US$ in 2024. ▼ Falling
External balance on goods and services in Palau, 2005–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Palau recorded -129.93 million current US$ for external balance on goods and services in 2024.
Compared with earlier readings it is up 13.6% on the previous year and down 50.5% over ten years.
Over the whole period, external balance on goods and services in Palau peaked at -53.66 million current US$ in 2009 and was at its lowest, -180.10 million current US$, in 2022.
That places Palau 82nd out of 192 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -62.55 million current US$ | -68.55 million current US$ | -53.66 million current US$ | 5 |
| 2010s | -77.01 million current US$ | -109.55 million current US$ | -56.00 million current US$ | 10 |
| 2020s | -153.37 million current US$ | -180.10 million current US$ | -129.93 million current US$ | 5 |
Countries ranked near Palau
- 79 Maldives -3.21 million current US$ compare
- 80 Nauru -73.78 million current US$ compare
- 81 Sudan -105.79 million current US$ compare
- 83 Marshall Islands -135.00 million current US$ compare
- 84 Antigua and Barbuda -154.10 million current US$ compare
- 85 Sao Tome and Principe -196.66 million current US$ compare
More economy & growth data for Palau
- Exports of goods and services 92.19 million constant 2015 US$ (2024)
- Gross national expenditure 475.51 million current US$ (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)
- Gross fixed capital formation 115.22 million current LCU (2024)
- Gross fixed capital formation 115.22 million current US$ (2024)
Frequently asked questions
- What is external balance on goods and services in Palau?
- External balance on goods and services in Palau was -129.93 million current US$ 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 -53.66 million current US$ in 2009.
- What is the lowest external balance on goods and services recorded in Palau?
- The lowest recorded value was -180.10 million current US$ in 2022.
- How does Palau rank for external balance on goods and services?
- Palau ranks 82nd out of 192 countries with data for 2024.
- Is external balance on goods and services rising or falling in Palau?
- Over the last ten years it is down 50.5%. The long-run trend across the full record is falling.
- 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 (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.