Manufacturing, value added in Palau
Palau: Manufacturing, value added was 3.89 million current LCU in 2024. ▼ Falling
Manufacturing, value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, manufacturing, value added in Palau stood at 3.89 million current LCU.
The figure is up 23.4% on the previous year and up 59.4% over ten years.
Over the whole period, manufacturing, value added in Palau peaked at 7.46 million current LCU in 2002 and was at its lowest, 1.44 million current LCU, in 2007.
Palau ranks 201st of 204 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 | 2.90 million current LCU | 1.44 million current LCU | 7.46 million current LCU | 10 |
| 2010s | 2.42 million current LCU | 1.49 million current LCU | 2.92 million current LCU | 10 |
| 2020s | 2.97 million current LCU | 2.45 million current LCU | 3.89 million current LCU | 5 |
Countries ranked near Palau
- 198 Kiribati 22.07 million current LCU compare
- 199 Marshall Islands 9.04 million current LCU compare
- 200 Turks and Caicos Islands 7.80 million current LCU compare
- 202 Micronesia (country) 2.41 million current LCU compare
- 203 Tuvalu 390,000 current LCU compare
- 204 Venezuela 0 current 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 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 manufacturing, value added in Palau?
- Manufacturing, value added in Palau was 3.89 million current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Palau?
- The highest recorded value was 7.46 million current LCU in 2002.
- What is the lowest manufacturing, value added recorded in Palau?
- The lowest recorded value was 1.44 million current LCU in 2007.
- How does Palau rank for manufacturing, value added?
- Palau ranks 201st out of 204 countries with data for 2024.
- Is manufacturing, value added rising or falling in Palau?
- Over the last ten years it is up 59.4%. 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 Manufacturing, value added (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.