[ Nominal GDP in billion of USD ]
Year -
$0.28 billion
Palau GDP expanded from 1970 to 2023, increasing from $0.01 billion to $0.28 billion.The compound annual growth rate (CAGR) averaged 6.49% over the period. The economy recorded its peak level in 2016 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 25.81%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2023 | 2023 |
| Latest GDP | $ 0.28 Billions | $ 0.32 Int Billions |
| Growth (YoY) | 13.496% | 5.894% |
| Net Change vs Previous Year | $ 0.03 Billion | $ 0.02 Int Billion |
| % of World GDP | 0.00% | 0.00% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | 0.01 | - | - | - | - | - |
| 1971 | 0.01 | 0 | 9.892 % | - | - | - |
| 1972 | 0.01 | 0 | 9.834 % | - | - | - |
| 1973 | 0.02 | 0 | 9.855 % | - | - | - |
| 1974 | 0.02 | 0 | 9.894 % | - | - | - |
| 1975 | 0.02 | 0 | 9.926 % | - | - | - |
| 1976 | 0.02 | 0 | 9.952 % | - | - | - |
| 1977 | 0.02 | 0 | 9.545 % | - | - | - |
| 1978 | 0.02 | 0 | 9.96 % | - | - | - |
| 1979 | 0.03 | 0 | 10.087 % | - | - | - |
| 1980 | 0.03 | 0 | 10.087 % | - | - | - |
| 1981 | 0.03 | 0 | 10.087 % | - | - | - |
| 1982 | 0.04 | 0 | 10.087 % | - | - | - |
| 1983 | 0.04 | 0 | 10.087 % | - | - | - |
| 1984 | 0.04 | 0.01 | 12.992 % | - | - | - |
| 1985 | 0.05 | 0.01 | 13.871 % | - | - | - |
| 1986 | 0.06 | 0.01 | 13.871 % | - | - | - |
| 1987 | 0.07 | 0.01 | 13.871 % | - | - | - |
| 1988 | 0.08 | 0.01 | 13.871 % | - | - | - |
| 1989 | 0.09 | 0.01 | 13.871 % | - | - | - |
| 1990 | 0.1 | 0.01 | 13.871 % | 0.15 | - | - |
| 1991 | 0.11 | 0.01 | 9.061 % | 0.16 | 0.01 | 8.453 % |
| 1992 | 0.1 | 0 | -1.674 % | 0.15 | -0.01 | -4.267 % |
| 1993 | 0.1 | -0.01 | -7.937 % | 0.14 | -0.02 | -10.221 % |
| 1994 | 0.11 | 0.01 | 10.039 % | 0.15 | 0.01 | 9.591 % |
| 1995 | 0.12 | 0.01 | 14.019 % | 0.17 | 0.02 | 13.225 % |
| 1996 | 0.14 | 0.02 | 13.615 % | 0.19 | 0.02 | 12.421 % |
| 1997 | 0.14 | 0.01 | 4.63 % | 0.2 | 0.01 | 4.064 % |
| 1998 | 0.15 | 0.01 | 3.628 % | 0.2 | 0.01 | 3.146 % |
| 1999 | 0.14 | 0 | -3.269 % | 0.2 | -0.01 | -4.061 % |
| 2000 | 0.15 | 0.01 | 3.706 % | 0.2 | 0 | -0.398 % |
| 2001 | 0.16 | 0.01 | 6.616 % | 0.21 | 0.02 | 9.763 % |
| 2002 | 0.16 | 0 | 2.015 % | 0.23 | 0.01 | 6.342 % |
| 2003 | 0.15 | -0.01 | -4.975 % | 0.23 | 0 | -0.195 % |
| 2004 | 0.17 | 0.01 | 7.632 % | 0.24 | 0.01 | 6.255 % |
| 2005 | 0.19 | 0.02 | 14.786 % | 0.26 | 0.01 | 6.111 % |
| 2006 | 0.19 | 0 | 1.388 % | 0.27 | 0.01 | 3.319 % |
| 2007 | 0.2 | 0.01 | 3.708 % | 0.28 | 0.01 | 4.068 % |
| 2008 | 0.2 | 0 | 0.138 % | 0.27 | -0.01 | -3.368 % |
| 2009 | 0.19 | -0.01 | -5.577 % | 0.25 | -0.02 | -5.96 % |
| 2010 | 0.19 | 0 | -0.955 % | 0.25 | 0 | -1.46 % |
| 2011 | 0.2 | 0.01 | 5.69 % | 0.27 | 0.02 | 7.26 % |
| 2012 | 0.22 | 0.02 | 8.491 % | 0.27 | 0.01 | 3.548 % |
| 2013 | 0.22 | 0.01 | 3.939 % | 0.27 | 0 | -0.894 % |
| 2014 | 0.25 | 0.02 | 9.585 % | 0.29 | 0.02 | 7 % |
| 2015 | 0.29 | 0.04 | 16.884 % | 0.32 | 0.03 | 8.922 % |
| 2016 | 0.31 | 0.02 | 6.33 % | 0.32 | 0.01 | 2.29 % |
| 2017 | 0.29 | -0.01 | -4.285 % | 0.32 | 0 | -1.252 % |
| 2018 | 0.29 | 0 | -1.421 % | 0.32 | 0 | 1.018 % |
| 2019 | 0.28 | -0.01 | -2.068 % | 0.33 | 0 | 1.282 % |
| 2020 | 0.26 | -0.02 | -7.216 % | 0.31 | -0.02 | -5.635 % |
| 2021 | 0.23 | -0.03 | -11.596 % | 0.28 | -0.03 | -9.299 % |
| 2022 | 0.24 | 0.01 | 5.396 % | 0.31 | 0.02 | 8.75 % |
| 2023 | 0.28 | 0.03 | 13.496 % | 0.32 | 0.02 | 5.894 % |
| 2024 | - | - | - | - | - | - |
Between 1970 to 2023, Palau experienced the following economic phases:
The most remarkable growth occurred in 2015 with an increase of 16.884%, while the largest decline was in 2021 at -11.596%.