Services, value added in Palau
Palau: Services, value added was 8.9% in 2024. ◆ Volatile
Services, value added in Palau, 2001–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Palau recorded 8.9% for services, value added in 2024. That is the highest value across all 24 years on record.
Compared with earlier readings it is up 88.6% on the previous year and up 102.7% over ten years.
Over the whole period, services, value added in Palau peaked at 8.9% in 2024 and was at its lowest, -12.8%, in 2021.
That places Palau 10th out of 197 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.2% | -6.0% | 4.1% | 9 |
| 2010s | 1.0% | -3.6% | 8.7% | 10 |
| 2020s | -0.8% | -12.8% | 8.9% | 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 services, value added in Palau?
- Services, value added in Palau was 8.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Palau?
- The highest recorded value was 8.9% in 2024.
- What is the lowest services, value added recorded in Palau?
- The lowest recorded value was -12.8% in 2021.
- How does Palau rank for services, value added?
- Palau ranks 10th out of 197 countries with data for 2024.
- Is services, value added rising or falling in Palau?
- Over the last ten years it is up 102.7%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.