Travel services in Palau
Palau: Travel services was 22.3% in 2023. ▲ Rising
Travel services in Palau, 2005–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Palau recorded 22.3% for travel services in 2023.
That represents a change of down 35.3% on the previous year and down 8.1% over ten years.
Over the whole period, travel services in Palau peaked at 40.3% in 2019 and was at its lowest, 14.4%, in 2010.
Palau ranks 83rd of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Travel services in Palau, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 2005 | 26.8% | — |
| 2006 | 25.2% | -5.9% |
| 2007 | 24.4% | -3.3% |
| 2008 | 20.8% | -14.5% |
| 2009 | 18.2% | -12.9% |
| 2010 | 14.4% | -20.7% |
| 2011 | 21.8% | +51.5% |
| 2012 | 23.3% | +6.7% |
| 2013 | 24.3% | +4.2% |
| 2014 | 21.9% | -9.7% |
| 2015 | 24.9% | +13.7% |
| 2016 | 38.5% | +54.4% |
| 2017 | 35.7% | -7.2% |
| 2018 | 39.8% | +11.5% |
| 2019 | 40.3% | +1.2% |
| 2020 | 32.6% | -19.1% |
| 2021 | 30.3% | -7.0% |
| 2022 | 34.4% | +13.6% |
| 2023 | 22.3% | -35.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.1% | 18.2% | 26.8% | 5 |
| 2010s | 28.5% | 14.4% | 40.3% | 10 |
| 2020s | 29.9% | 22.3% | 34.4% | 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)
- 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 travel services in Palau?
- Travel services in Palau was 22.3% 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 40.3% in 2019.
- What is the lowest travel services recorded in Palau?
- The lowest recorded value was 14.4% in 2010.
- How does Palau rank for travel services?
- Palau ranks 83rd out of 198 countries with data for 2023.
- Is travel services rising or falling in Palau?
- Over the last ten years it is down 8.1%. The long-run trend across the full record is rising.
- 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 imports). 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 imports which are commercial services provided by non-residents to residents.