Industry (including construction), value added in Palau
Palau: Industry (including construction), value added was 26.78 million constant 2015 US$ in 2024. ▼ Falling
Industry (including construction), value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Palau recorded 26.78 million constant 2015 US$ for industry (including construction), value added in 2024.
The figure is up 37.2% on the previous year and up 50.0% over ten years.
Over the whole period, industry (including construction), value added in Palau peaked at 54.39 million constant 2015 US$ in 2002 and was at its lowest, 17.71 million constant 2015 US$, in 2013.
Palau ranks 194th of 195 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.65 million constant 2015 US$ | 19.12 million constant 2015 US$ | 54.39 million constant 2015 US$ | 10 |
| 2010s | 22.43 million constant 2015 US$ | 17.71 million constant 2015 US$ | 31.15 million constant 2015 US$ | 10 |
| 2020s | 26.10 million constant 2015 US$ | 19.51 million constant 2015 US$ | 30.07 million constant 2015 US$ | 5 |
Countries ranked near Palau
- 191 Kiribati 36.02 million constant 2015 US$ compare
- 192 Sao Tome and Principe 35.15 million constant 2015 US$ compare
- 193 Marshall Islands 28.56 million constant 2015 US$ compare
- 195 Micronesia (country) 19.26 million constant 2015 US$ 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 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)
- 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 industry (including construction), value added in Palau?
- Industry (including construction), value added in Palau was 26.78 million constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Palau?
- The highest recorded value was 54.39 million constant 2015 US$ in 2002.
- What is the lowest industry (including construction), value added recorded in Palau?
- The lowest recorded value was 17.71 million constant 2015 US$ in 2013.
- How does Palau rank for industry (including construction), value added?
- Palau ranks 194th out of 195 countries with data for 2024.
- Is industry (including construction), value added rising or falling in Palau?
- Over the last ten years it is up 50.0%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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.