Gross value added at basic prices (GVA) in Palau
Palau: Gross value added at basic prices (GVA) was 235.29 million constant LCU in 2024. ▬ Flat
Gross value added at basic prices (GVA) in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2024, gross value added at basic prices (gva) in Palau stood at 235.29 million constant LCU.
Compared with earlier readings it is up 11.5% on the previous year and up 1.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Palau peaked at 259.41 million constant LCU in 2016 and was at its lowest, 207.76 million constant LCU, in 2022.
Palau ranks 196th of 197 countries on this measure, in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 239.82 million constant LCU | 216.24 million constant LCU | 254.21 million constant LCU | 10 |
| 2010s | 238.99 million constant LCU | 215.61 million constant LCU | 259.41 million constant LCU | 10 |
| 2020s | 220.30 million constant LCU | 207.76 million constant LCU | 236.72 million constant LCU | 5 |
Countries ranked near Palau
- 193 Tonga 902.26 million constant LCU compare
- 194 Kiribati 378.20 million constant LCU compare
- 195 Micronesia (country) 239.36 million constant LCU compare
- 197 Marshall Islands 211.17 million constant LCU 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 37.2% (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 gross value added at basic prices (gva) in Palau?
- Gross value added at basic prices (gva) in Palau was 235.29 million constant LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Palau?
- The highest recorded value was 259.41 million constant LCU in 2016.
- What is the lowest gross value added at basic prices (gva) recorded in Palau?
- The lowest recorded value was 207.76 million constant LCU in 2022.
- How does Palau rank for gross value added at basic prices (gva)?
- Palau ranks 196th out of 197 countries with data for 2024.
- Is gross value added at basic prices (gva) rising or falling in Palau?
- Over the last ten years it is up 1.6%. The long-run trend across the full record is flat.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. 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.