GDP (current LCU), annual growth rate in Palau
Palau: GDP (current LCU), annual growth rate was 10.27 % change on previous year in 2023. ◆ Volatile
GDP (current LCU), annual growth rate in Palau, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Palau recorded 10.27 % change on previous year for gdp (current lcu), annual growth rate in 2023.
That represents a change of up 22.1% on the previous year and up 131.3% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Palau peaked at 14.82 % change on previous year in 2005 and was at its lowest, -8.97 % change on previous year, in 2021.
Palau ranks 62nd of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Palau, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.89 % change on previous year | — |
| 1972 | 9.83 % change on previous year | -0.6% |
| 1973 | 9.85 % change on previous year | +0.2% |
| 1974 | 9.89 % change on previous year | +0.4% |
| 1975 | 9.93 % change on previous year | +0.3% |
| 1976 | 9.95 % change on previous year | +0.3% |
| 1977 | 9.54 % change on previous year | -4.1% |
| 1978 | 9.96 % change on previous year | +4.4% |
| 1979 | 10.09 % change on previous year | +1.3% |
| 1980 | 10.09 % change on previous year | -0.0% |
| 1981 | 10.09 % change on previous year | -0.0% |
| 1982 | 10.09 % change on previous year | +0.0% |
| 1983 | 10.09 % change on previous year | -0.0% |
| 1984 | 12.99 % change on previous year | +28.8% |
| 1985 | 13.87 % change on previous year | +6.8% |
| 1986 | 13.87 % change on previous year | +0.0% |
| 1987 | 13.87 % change on previous year | -0.0% |
| 1988 | 13.87 % change on previous year | +0.0% |
| 1989 | 13.87 % change on previous year | +0.0% |
| 1990 | 13.87 % change on previous year | +0.0% |
| 1991 | 9.06 % change on previous year | -34.7% |
| 1992 | -1.67 % change on previous year | -118.5% |
| 1993 | -7.94 % change on previous year | +374.0% |
| 1994 | 10.04 % change on previous year | -226.5% |
| 1995 | 14.02 % change on previous year | +39.7% |
| 1996 | 13.62 % change on previous year | -2.9% |
| 1997 | 4.63 % change on previous year | -66.0% |
| 1998 | 3.63 % change on previous year | -21.6% |
| 1999 | -3.27 % change on previous year | -190.1% |
| 2000 | 3.7 % change on previous year | -213.1% |
| 2001 | 6.63 % change on previous year | +79.4% |
| 2002 | 2.01 % change on previous year | -69.6% |
| 2003 | -4.98 % change on previous year | -347.4% |
| 2004 | 7.66 % change on previous year | -253.6% |
| 2005 | 14.82 % change on previous year | +93.6% |
| 2006 | 1.38 % change on previous year | -90.7% |
| 2007 | 3.73 % change on previous year | +170.7% |
| 2008 | 0.1309 % change on previous year | -96.5% |
| 2009 | -5.55 % change on previous year | -4341.2% |
| 2010 | -0.96 % change on previous year | -82.7% |
| 2011 | 5.69 % change on previous year | -692.3% |
| 2012 | 8.49 % change on previous year | +49.3% |
| 2013 | 4.44 % change on previous year | -47.7% |
| 2014 | 7.9 % change on previous year | +77.9% |
| 2015 | 14.67 % change on previous year | +85.6% |
| 2016 | 6.99 % change on previous year | -52.3% |
| 2017 | -4.26 % change on previous year | -161.0% |
| 2018 | 1.03 % change on previous year | -124.2% |
| 2019 | -2.29 % change on previous year | -321.9% |
| 2020 | -8.14 % change on previous year | +255.7% |
| 2021 | -8.97 % change on previous year | +10.2% |
| 2022 | 8.41 % change on previous year | -193.8% |
| 2023 | 10.27 % change on previous year | +22.1% |
Palau compared with similar countries
- Palau's 10.27 % change on previous year is above the median for high income countries, which is 5.96 % change on previous year, 1.7× the median. (82 countries reporting)
- Palau's 10.27 % change on previous year is above the median for East Asia & Pacific, which is 7.63 % change on previous year, 1.3× the median. (36 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate in Palau changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -4341.2% | 0.1309 % change on previous year | -5.55 % change on previous year |
| 2011 | +692.3% | -0.96 % change on previous year | 5.69 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.88 % change on previous year | 9.54 % change on previous year | 10.09 % change on previous year | 9 |
| 1980s | 12.27 % change on previous year | 10.09 % change on previous year | 13.87 % change on previous year | 10 |
| 1990s | 5.6 % change on previous year | -7.94 % change on previous year | 14.02 % change on previous year | 10 |
| 2000s | 2.95 % change on previous year | -5.55 % change on previous year | 14.82 % change on previous year | 10 |
| 2010s | 4.17 % change on previous year | -4.26 % change on previous year | 14.67 % change on previous year | 10 |
| 2020s | 0.3938 % change on previous year | -8.97 % change on previous year | 10.27 % change on previous year | 4 |
Countries ranked near Palau
More population data for Palau
- Population regions with projections, annual growth rate -0.5888 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -9.22 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.5888 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.426 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 16.69 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population -0.2005 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.7366 % change on previous year (2100)
- World population growth -0.6% (2100)
- Population density 24.23 people per km² (2100)
- Number of children under 5, by world region 539 people (2100)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Palau?
- Gdp (current lcu), annual growth rate in Palau was 10.27 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Palau?
- The highest recorded value was 14.82 % change on previous year in 2005.
- What is the lowest gdp (current lcu), annual growth rate recorded in Palau?
- The lowest recorded value was -8.97 % change on previous year in 2021.
- How does Palau rank for gdp (current lcu), annual growth rate?
- Palau ranks 62nd out of 211 countries with data for 2023.
- Is gdp (current lcu), annual growth rate rising or falling in Palau?
- Over the last ten years it is up 131.3%. The long-run trend across the full record is volatile.
- Where does this Palau data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.