Final consumption expenditure in Palau
Palau: Final consumption expenditure was 276.18 million constant 2015 US$ in 2024. ▲ Rising
Final consumption expenditure in Palau, 2005–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Palau recorded 276.18 million constant 2015 US$ for final consumption expenditure in 2024.
The figure is up 3.7% on the previous year and up 2.5% over ten years.
Over the whole period, final consumption expenditure in Palau peaked at 301.05 million constant 2015 US$ in 2020 and was at its lowest, 247.76 million constant 2015 US$, in 2011.
That places Palau 170th out of 171 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 264.36 million constant 2015 US$ | 258.34 million constant 2015 US$ | 269.96 million constant 2015 US$ | 5 |
| 2010s | 271.49 million constant 2015 US$ | 247.76 million constant 2015 US$ | 289.90 million constant 2015 US$ | 10 |
| 2020s | 281.60 million constant 2015 US$ | 266.41 million constant 2015 US$ | 301.05 million constant 2015 US$ | 5 |
Countries ranked near Palau
- 167 Tonga 642.46 million constant 2015 US$ compare
- 168 Kiribati 468.78 million constant 2015 US$ compare
- 169 Sao Tome and Principe 461.97 million constant 2015 US$ compare
- 171 Marshall Islands 270.51 million constant 2015 US$ 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)
- 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 276.18 million constant 2015 US$ 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 301.05 million constant 2015 US$ in 2020.
- What is the lowest final consumption expenditure recorded in Palau?
- The lowest recorded value was 247.76 million constant 2015 US$ in 2011.
- How does Palau rank for final consumption expenditure?
- Palau ranks 170th out of 171 countries with data for 2024.
- Is final consumption expenditure rising or falling in Palau?
- Over the last ten years it is up 2.5%. 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 Final consumption expenditure (constant 2015 US$). Statizoid updates them automatically from the source API.
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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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.