Services, value added in Palau
Palau: Services, value added was 73.1% in 2024. ▬ Flat
Services, value added in Palau, 2000–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for services, value added in Palau is 73.1%, measured in 2024.
The figure is down 2.5% on the previous year and down 7.3% over ten years.
Over the whole period, services, value added in Palau peaked at 80.6% in 2009 and was at its lowest, 68.9%, in 2002.
Palau ranks 23rd of 205 countries on this measure, in the top quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 75.3% | 68.9% | 80.6% | 10 |
| 2010s | 78.3% | 76.6% | 79.4% | 10 |
| 2020s | 75.5% | 73.1% | 76.8% | 5 |
Countries ranked near Palau
- 20 Saint Lucia 73.8% compare
- 21 Cuba 73.4% compare
- 22 United Kingdom 73.1% compare
- 24 Israel 72.8% compare
- 25 Turks and Caicos Islands 72.6% compare
- 26 Curacao 72.3% 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 73.1% 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 80.6% in 2009.
- What is the lowest services, value added recorded in Palau?
- The lowest recorded value was 68.9% in 2002.
- How does Palau rank for services, value added?
- Palau ranks 23rd out of 205 countries with data for 2024.
- Is services, value added rising or falling in Palau?
- Over the last ten years it is down 7.3%. The long-run trend across the full record is flat.
- 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 (% of GDP). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.