Gross value added at basic prices (GVA) in Palau
Palau: Gross value added at basic prices (GVA) was 281.37 million current LCU in 2024. ▲ Rising
Gross value added at basic prices (GVA) in Palau, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Palau recorded 281.37 million current LCU for gross value added at basic prices (gva) in 2024. That is the highest value across all 25 years on record.
That represents a change of up 18.0% on the previous year and up 29.8% over ten years.
Over the whole period, gross value added at basic prices (gva) in Palau peaked at 281.37 million current LCU in 2024 and was at its lowest, 136.79 million current LCU, in 2000.
That places Palau 203rd out of 206 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 158.97 million current LCU | 136.79 million current LCU | 179.81 million current LCU | 10 |
| 2010s | 224.06 million current LCU | 166.91 million current LCU | 271.84 million current LCU | 10 |
| 2020s | 237.89 million current LCU | 212.29 million current LCU | 281.37 million current LCU | 5 |
Countries ranked near Palau
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 281.37 million current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Palau?
- The highest recorded value was 281.37 million current LCU in 2024.
- What is the lowest gross value added at basic prices (gva) recorded in Palau?
- The lowest recorded value was 136.79 million current LCU in 2000.
- How does Palau rank for gross value added at basic prices (gva)?
- Palau ranks 203rd out of 206 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 29.8%. 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 Gross value added at basic prices (GVA) (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.