Travel services (% of commercial service exports) in Palau
Palau: Travel services (% of commercial service exports) was 93.9% in 2023. ▬ Flat
Travel services in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
The most recent figure for travel services in Palau is 93.9%, measured in 2023. That is the highest value across all 19 years on record.
That represents a change of up 9.4% on the previous year and up 2.5% over ten years.
Over the whole period, travel services in Palau peaked at 93.9% in 2023 and was at its lowest, 68.9%, in 2021.
That places Palau 4th out of 198 countries with data for 2023, putting it in the top 10%.
Travel services (% of commercial service exports) in Palau, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2005 | 86.1% | — |
| 2006 | 82.8% | -3.8% |
| 2007 | 85.7% | +3.5% |
| 2008 | 86.6% | +1.0% |
| 2009 | 88.8% | +2.6% |
| 2010 | 89.0% | +0.3% |
| 2011 | 91.0% | +2.2% |
| 2012 | 91.2% | +0.2% |
| 2013 | 91.6% | +0.5% |
| 2014 | 92.3% | +0.8% |
| 2015 | 91.7% | -0.6% |
| 2016 | 93.1% | +1.4% |
| 2017 | 91.7% | -1.4% |
| 2018 | 92.0% | +0.3% |
| 2019 | 91.4% | -0.7% |
| 2020 | 92.0% | +0.7% |
| 2021 | 68.9% | -25.1% |
| 2022 | 85.8% | +24.5% |
| 2023 | 93.9% | +9.4% |
Palau compared with similar countries
- Palau's 93.9% is above the median for high income countries, which is 27.1%, 3.5× the median. (72 countries reporting)
- Palau's 93.9% is above the median for East Asia & Pacific, which is 48.6%, 1.9× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Travel services (% of 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 |
|---|---|---|---|
| 2021 | -25.1% | 92.0% | 68.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 86.0% | 82.8% | 88.8% | 5 |
| 2010s | 91.5% | 89.0% | 93.1% | 10 |
| 2020s | 85.2% | 68.9% | 93.9% | 4 |
Countries ranked near Palau
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)
- Commercial service imports 41.35 million current US$ (2023)
- Food exports 88.7% (2018)
- Manufactures exports 9.0% (2018)
- Merchandise exports 3.00 million current US$ (2025)
- Commercial service exports 55.85 million current US$ (2023)
- Merchandise exports (current US$), per capita 169.85 current US$ per person (2025)
Frequently asked questions
- What is travel services in Palau?
- Travel services in Palau was 93.9% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Palau?
- The highest recorded value was 93.9% in 2023.
- What is the lowest travel services recorded in Palau?
- The lowest recorded value was 68.9% in 2021.
- How does Palau rank for travel services?
- Palau ranks 4th out of 198 countries with data for 2023.
- Is travel services rising or falling in Palau?
- Over the last ten years it is up 2.5%. The long-run trend across the full record is flat.
- 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 Travel services (% of commercial service exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.