Gross savings in Palau
Palau: Gross savings was -35.86 million current LCU in 2023. ◆ Volatile
Gross savings in Palau, 2005–2023
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for gross savings in Palau is -35.86 million current LCU, measured in 2023. That is the lowest value across all 19 years on record.
That represents a change of down 426.5% on the previous year and down 1,103.7% over ten years.
Over the whole period, gross savings in Palau peaked at 26.71 million current LCU in 2016 and was at its lowest, -35.86 million current LCU, in 2023.
That places Palau 173rd out of 177 countries with data for 2023, putting it in the bottom quarter.
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 | 7.20 million current LCU | -1.19 million current LCU | 16.61 million current LCU | 5 |
| 2010s | 10.14 million current LCU | 2.03 million current LCU | 26.71 million current LCU | 10 |
| 2020s | -16.61 million current LCU | -35.86 million current LCU | -5.05 million current LCU | 4 |
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)
- 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 gross savings in Palau?
- Gross savings in Palau was -35.86 million current LCU in 2023, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Palau?
- The highest recorded value was 26.71 million current LCU in 2016.
- What is the lowest gross savings recorded in Palau?
- The lowest recorded value was -35.86 million current LCU in 2023.
- How does Palau rank for gross savings?
- Palau ranks 173rd out of 177 countries with data for 2023.
- Is gross savings rising or falling in Palau?
- Over the last ten years it is down 1,103.7%. 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 Offices (NSOs), published as part of Gross savings (current LCU). 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
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.