Service imports in Palau
Palau: Service imports was 43.00 million BoP, current US$ in 2023. ▲ Rising
Service imports in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service imports in Palau is 43.00 million BoP, current US$, measured in 2023.
That represents a change of down 29.9% on the previous year and up 0.1% over ten years.
Over the whole period, service imports in Palau peaked at 68.32 million BoP, current US$ in 2017 and was at its lowest, 30.92 million BoP, current US$, in 2005.
Palau ranks 197th of 199 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.36 million BoP, current US$ | 30.92 million BoP, current US$ | 40.21 million BoP, current US$ | 5 |
| 2010s | 52.58 million BoP, current US$ | 39.02 million BoP, current US$ | 68.32 million BoP, current US$ | 10 |
| 2020s | 50.67 million BoP, current US$ | 43.00 million BoP, current US$ | 61.34 million BoP, current US$ | 4 |
Countries ranked near Palau
- 194 Micronesia (country) 76.82 million BoP, current US$ compare
- 195 Turks and Caicos Islands 74.41 million BoP, current US$ compare
- 196 Marshall Islands 64.21 million BoP, current US$ compare
- 198 Tuvalu 32.44 million BoP, current US$ compare
- 199 Eritrea 28.48 million BoP, 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 service imports in Palau?
- Service imports in Palau was 43.00 million BoP, current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service imports recorded in Palau?
- The highest recorded value was 68.32 million BoP, current US$ in 2017.
- What is the lowest service imports recorded in Palau?
- The lowest recorded value was 30.92 million BoP, current US$ in 2005.
- How does Palau rank for service imports?
- Palau ranks 197th out of 199 countries with data for 2023.
- Is service imports rising or falling in Palau?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
- Where does this Palau data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.