Commercial service exports in Palau
Palau: Commercial service exports was 55.85 million current US$ in 2023. ▼ Falling
Commercial service exports in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2023, commercial service exports in Palau stood at 55.85 million current US$.
The figure is up 91.9% on the previous year and down 54.6% over ten years.
Over the whole period, commercial service exports in Palau peaked at 161.94 million current US$ in 2015 and was at its lowest, 8.31 million current US$, in 2021.
That places Palau 186th out of 200 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 19 years of available data.
Commercial service exports in Palau, year by year
| Year | current US$ | Change |
|---|---|---|
| 2005 | 69.74 million current US$ | — |
| 2006 | 68.40 million current US$ | -1.9% |
| 2007 | 75.83 million current US$ | +10.9% |
| 2008 | 85.14 million current US$ | +12.3% |
| 2009 | 82.18 million current US$ | -3.5% |
| 2010 | 81.84 million current US$ | -0.4% |
| 2011 | 99.91 million current US$ | +22.1% |
| 2012 | 114.65 million current US$ | +14.8% |
| 2013 | 123.09 million current US$ | +7.4% |
| 2014 | 137.16 million current US$ | +11.4% |
| 2015 | 161.94 million current US$ | +18.1% |
| 2016 | 129.11 million current US$ | -20.3% |
| 2017 | 114.43 million current US$ | -11.4% |
| 2018 | 105.17 million current US$ | -8.1% |
| 2019 | 92.33 million current US$ | -12.2% |
| 2020 | 50.23 million current US$ | -45.6% |
| 2021 | 8.31 million current US$ | -83.5% |
| 2022 | 29.10 million current US$ | +250.3% |
| 2023 | 55.85 million current US$ | +91.9% |
Palau compared with similar countries
- Palau's 55.85 million current US$ is below the median for high income countries, which is 24.20 billion current US$, 0% of the median. (72 countries reporting)
- Palau's 55.85 million current US$ is below the median for East Asia & Pacific, which is 1.73 billion current US$, 3% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Commercial service exports in Palau changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +250.3% | 8.31 million current US$ | 29.10 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 76.26 million current US$ | 68.40 million current US$ | 85.14 million current US$ | 5 |
| 2010s | 115.96 million current US$ | 81.84 million current US$ | 161.94 million current US$ | 10 |
| 2020s | 35.87 million current US$ | 8.31 million current US$ | 55.85 million current US$ | 4 |
Countries ranked near Palau
- 183 Sao Tome and Principe 75.42 million current US$ compare
- 184 Papua New Guinea 75.10 million current US$ compare
- 185 Vanuatu 74.02 million current US$ compare
- 187 Guinea 54.12 million current US$ compare
- 188 Eritrea 54.12 million current US$
- 189 Sierra Leone 49.60 million current US$ compare
More private sector data for Palau
- Merchandise trade 47.8% (2025)
- Food imports 23.0% (2018)
- Manufactures imports 50.8% (2018)
- Merchandise imports 162.00 million current US$ (2025)
- Food exports 88.7% (2018)
- Manufactures exports 9.0% (2018)
- Merchandise exports 3.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 169.85 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.0087 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is commercial service exports in Palau?
- Commercial service exports in Palau was 55.85 million current US$ in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service exports recorded in Palau?
- The highest recorded value was 161.94 million current US$ in 2015.
- What is the lowest commercial service exports recorded in Palau?
- The lowest recorded value was 8.31 million current US$ in 2021.
- How does Palau rank for commercial service exports?
- Palau ranks 186th out of 200 countries with data for 2023.
- Is commercial service exports rising or falling in Palau?
- Over the last ten years it is down 54.6%. The long-run trend across the full record is falling.
- Where does this Palau data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service exports (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Commercial service exports are total service exports minus exports of government services not included elsewhere. Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.