Final consumption expenditure in Palau
Palau: Final consumption expenditure was 289.06 million constant LCU in 2024. ▲ Rising
Final consumption expenditure in Palau, 2005–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Palau recorded 289.06 million constant LCU for final consumption expenditure in 2024.
That represents a change of 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 315.09 million constant LCU in 2020 and was at its lowest, 259.31 million constant LCU, in 2011.
Palau ranks 175th of 176 countries on this measure, 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 | 276.69 million constant LCU | 270.39 million constant LCU | 282.55 million constant LCU | 5 |
| 2010s | 284.15 million constant LCU | 259.31 million constant LCU | 303.43 million constant LCU | 10 |
| 2020s | 294.73 million constant LCU | 278.83 million constant LCU | 315.09 million constant LCU | 5 |
Countries ranked near Palau
- 172 Tonga 1.34 billion constant LCU compare
- 173 San Marino 742.43 million constant LCU compare
- 174 Kiribati 640.76 million constant LCU compare
- 176 Marshall Islands 270.51 million constant LCU 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 final consumption expenditure in Palau?
- Final consumption expenditure in Palau was 289.06 million constant LCU 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 315.09 million constant LCU in 2020.
- What is the lowest final consumption expenditure recorded in Palau?
- The lowest recorded value was 259.31 million constant LCU in 2011.
- How does Palau rank for final consumption expenditure?
- Palau ranks 175th out of 176 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 LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 20 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 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.