Gross national savings — all countries

Gross national savings — Palau

Gross national savings in Palau in 2023 — -13%. Ranked 156 in the world out of 156. Since 2005, the indicator has fallen by 21.9 pp.

2023 -13% −10.2 pp vs 2022
World rank 156of 156
Period maximum 8.9%2005
Period minimum -13%2023

Trend over time

2005–2023 · % of GDP

Gross national savings — Palau, 2005–2023-20-1001020052007200920112013201520172019202120232005: 8.9%2006: 4.5%2007: 4.7%2008: 1.4%2009: -0.6%2010: 2.7%2011: 2.7%2012: 1.6%2013: 1.6%2014: 0.8%2015: 4.7%2016: 8.8%2017: 5.8%2018: 7.5%2019: 1.2%2020: -7.2%2021: -2.1%2022: -2.8%2023: -13%
Change over the period: −21.9 pp Annual average: -1.22 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Palau

Palau -13%
World 26.2%
Gross national savings — Palau, by year Palau All countries CSV XLSX
Year % Change, pp
2023 -13 −10.2 pp
2022 -2.8 −0.6 pp
2021 -2.1 +5.1 pp
2020 -7.2 −8.4 pp
2019 1.2 −6.3 pp
2018 7.5 +1.7 pp
2017 5.8 −3 pp
2016 8.8 +4.1 pp
2015 4.7 +3.9 pp
2014 0.8 −0.8 pp
2013 1.6 −0 pp
2012 1.6 −1.1 pp
2011 2.7 +0.1 pp
2010 2.7 +3.3 pp
2009 -0.6 −2.1 pp
2008 1.4 −3.2 pp
2007 4.7 +0.2 pp
2006 4.5 −4.5 pp
2005 8.9

Micronesia, 2023

The same indicator for neighboring countries — with links to their pages

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.