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General profile: Palau

GENERAL INFORMATION FOR 2022
Exchange rate
Population
Population
Exchange rates
GDP
GDP
0.018 Millions
1.000 USD/US$
231 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 460 km²
8.75 %
3.11 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+40.6 %
Merchandise exports growth rate in 2022
Total merchandise trade
(millions of US$)
2005
2010
2015
2022
Merchandise exports
13
(e) 6
6
(e) 3
Merchandise imports
105
107
150
(e) 210
Merchandise trade balance
-92
(e) -101
-144
(e) -207
Export structure by product group in 2022
(as % of total exports)
1 %1 %72 %72 %4 %4 %22 %22 %
Top 5 partners in 2022
(exports, millions of US$)
0.7620.6360.4810.2760.1660.7620.6360.4810.2760.166
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2022
Services exports
62
71
140
(e) 18
Services imports
37
43
60
(e) 48
Services trade balance
25
29
80
(e) -30
Services exports by main category²
(as % of total services)
2005
2010
2015
2022
Transport
6.2
5.3
4.9
-
Travel
83.5
87.7
91.1
-
Other services
10.3
7.0
4.0
-
TRADE INDICES
More data on UNCTADstat
259963651011081001579612080961051531972622681211864773892629195100100105105100908682849496889810198959699100100
ECONOMIC TRENDS
More data on UNCTADstat
+3.1 %
Gross domestic product growth rate in 2022
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2022
GDP, current
185
183
280
231
GDP per capita, current US$
9 316
9 883
15 760
12 768
Real GDP growth, y-on-y, %
2.12
0.39
8.83
3.11
Current account balance, % of GDP
-21.42
-10.19
-8.65
(e) -67.86
Exchange rate (/US$)
1.000
1.000
1.000
1.000
GDP by expenditure in 2021
(as % of total GDP)
94.245.033.96.179.794.245.033.96.179.7
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
..
FDI outflows as % of GDP in 2022
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2022
FDI inflows
4.00
2.69
34.58
58.05
FDI outflows
..
..
..
..
Personal remittances, % of GDP
0.81
0.92
0.82
..
Financial flows trends
(millions of US$)
2.02.62.62.52.22.42.32.22.42.42.01.71.61.61.51.5583342545145643540182283354334752-13FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2022
Balance, % of GDP
-39.07
-34.04
-22.04
(e) -103.23
Balance, % of imports
-49.82
-42.93
-28.47
(e) -91.85
Normalized balance
-0.332
-0.273
-0.166
(e) -0.849
Trade openness²
(sum of imports and exports as % of GDP)
12288104118119125120133153143145139125116128118122118
LIVING AREA
Population by living area in 2022
(% of population)
Urban 82%Urban 82%Rural 18%Rural 18%
OTHER INDICATORS
More data on UNCTADstat
0.148 %
Share of the total world merchant fleet in 2022
Maritime transport indicators
 
2005
2010
2015
2022
Merchant fleet, national flag (thousands of DWT)
..
..
420
3 271
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
3.83
3.72
2.46
Container port throughput (TEU)
..
..
..
..
Information economy indicators
(as % of)
2005
2010
2015
2022
Share of ICT goods, % of total exports
..
..
1.58
..
Share of ICT goods, % of total imports
..
3.33
5.07
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
q
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 21 September 2023