Personal remittances, received in Palau
Palau: Personal remittances, received was 2.22 million current US$ in 2023. ▲ Rising
Personal remittances, received in Palau, 2005–2023
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2023, personal remittances, received in Palau stood at 2.22 million current US$.
That represents a change of up 4.9% on the previous year and down 6.0% over ten years.
Over the whole period, personal remittances, received in Palau peaked at 2.37 million current US$ in 2017 and was at its lowest, 1.47 million current US$, in 2005.
Palau ranks 193rd of 196 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.55 million current US$ | 1.47 million current US$ | 1.60 million current US$ | 5 |
| 2010s | 2.23 million current US$ | 1.69 million current US$ | 2.37 million current US$ | 10 |
| 2020s | 2.12 million current US$ | 1.88 million current US$ | 2.28 million current US$ | 4 |
Countries ranked near Palau
- 190 Papua New Guinea 3.87 million current US$ compare
- 191 Tuvalu 2.59 million current US$ compare
- 192 Nauru 2.24 million current US$ compare
- 194 Chad 724,057 current US$ compare
- 195 Equatorial Guinea 164,206 current US$ compare
- 196 Central African Republic 158,919 current US$ compare
More economy & growth data for Palau
- Gross fixed capital formation 115.22 million current US$ (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)
- Exports of goods and services 40.6% (2024)
- Services, value added 234.96 million current US$ (2024)
- Exports of goods and services 32.7% (2024)
- Gross fixed capital formation 35.8% (2024)
- Industry (including construction), value added 13.0% (2024)
Frequently asked questions
- What is personal remittances, received in Palau?
- Personal remittances, received in Palau was 2.22 million current US$ in 2023, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Palau?
- The highest recorded value was 2.37 million current US$ in 2017.
- What is the lowest personal remittances, received recorded in Palau?
- The lowest recorded value was 1.47 million current US$ in 2005.
- How does Palau rank for personal remittances, received?
- Palau ranks 193rd out of 196 countries with data for 2023.
- Is personal remittances, received rising or falling in Palau?
- Over the last ten years it is down 6.0%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.