Services, value added in Palau
Palau: Services, value added was 234.96 million current LCU in 2024. ▲ Rising
Services, value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Palau recorded 234.96 million current LCU for services, value added in 2024.
Compared with earlier readings it is up 13.6% on the previous year and up 21.4% over ten years.
Over the whole period, services, value added in Palau peaked at 235.53 million current LCU in 2016 and was at its lowest, 112.04 million current LCU, in 2002.
Palau ranks 203rd of 205 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 132.09 million current LCU | 112.04 million current LCU | 158.78 million current LCU | 10 |
| 2010s | 196.72 million current LCU | 145.17 million current LCU | 235.53 million current LCU | 10 |
| 2020s | 201.84 million current LCU | 181.19 million current LCU | 234.96 million current LCU | 5 |
Countries ranked near Palau
- 200 Tonga 761.45 million current LCU compare
- 201 Kiribati 365.46 million current LCU compare
- 202 Micronesia (country) 327.49 million current LCU compare
- 204 Marshall Islands 194.35 million current LCU compare
- 205 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 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 234.96 million current LCU 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 235.53 million current LCU in 2016.
- What is the lowest services, value added recorded in Palau?
- The lowest recorded value was 112.04 million current LCU in 2002.
- How does Palau rank for services, value added?
- Palau ranks 203rd out of 205 countries with data for 2024.
- Is services, value added rising or falling in Palau?
- Over the last ten years it is up 21.4%. The long-run trend across the full record is rising.
- 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 (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
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 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.