Final consumption expenditure in Palau
Palau: Final consumption expenditure was 3.7% in 2024. ◆ Volatile
Final consumption expenditure in Palau, 2006–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
Palau recorded 3.7% for final consumption expenditure in 2024.
The figure is up 183.5% on the previous year and up 48.0% over ten years.
Over the whole period, final consumption expenditure in Palau peaked at 5.0% in 2016 and was at its lowest, -5.1%, in 2021.
Palau ranks 74th of 175 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 | 0.1% | -3.9% | 2.8% | 4 |
| 2010s | 1.1% | -4.2% | 5.0% | 10 |
| 2020s | -0.8% | -5.1% | 4.2% | 5 |
Countries ranked near Palau
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)
- Services, value added 234.96 million current 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 final consumption expenditure in Palau?
- Final consumption expenditure in Palau was 3.7% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Palau?
- The highest recorded value was 5.0% in 2016.
- What is the lowest final consumption expenditure recorded in Palau?
- The lowest recorded value was -5.1% in 2021.
- How does Palau rank for final consumption expenditure?
- Palau ranks 74th out of 175 countries with data for 2024.
- Is final consumption expenditure rising or falling in Palau?
- Over the last ten years it is up 48.0%. The long-run trend across the full record is volatile.
- 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 Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.