Services share of GDP — all countries

Services share of GDP — Palau

Services share of GDP in Palau in 2024 — 73.1%. Ranked 17 in the world out of 189. Since 2000, the indicator has fallen by 2.9 pp.

2024 73.1% −1.8 pp vs 2023
World rank 17of 189
Period maximum 80.6%2009
Period minimum 68.9%2002

Trend over time

2000–2024 · % of GDP

Services share of GDP — Palau, 2000–202465707580852000200320062009201220152018202120242000: 76%2001: 72.5%2002: 68.9%2003: 72.7%2004: 73.6%2005: 74.1%2006: 76.7%2007: 78.5%2008: 79.8%2009: 80.6%2010: 78.8%2011: 79.3%2012: 78.1%2013: 78.7%2014: 78.8%2015: 79.4%2016: 77.6%2017: 78.1%2018: 78.2%2019: 76.6%2020: 76.6%2021: 76.8%2022: 75.9%2023: 74.9%2024: 73.1%
Change over the period: −2.9 pp Annual average: -0.12 pp

Comparison, 2024

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

Palau 73.1%
World 63.3%
Services share of GDP — Palau, by year Palau All countries CSV XLSX
Year % Change, pp
2024 73.1 −1.8 pp
2023 74.9 −0.9 pp
2022 75.9 −0.9 pp
2021 76.8 +0.2 pp
2020 76.6 +0.1 pp
2019 76.6 −1.6 pp
2018 78.2 +0.1 pp
2017 78.1 +0.4 pp
2016 77.6 −1.8 pp
2015 79.4 +0.6 pp
2014 78.8 +0.1 pp
2013 78.7 +0.6 pp
2012 78.1 −1.2 pp
2011 79.3 +0.5 pp
2010 78.8 −1.8 pp
2009 80.6 +0.8 pp
2008 79.8 +1.3 pp
2007 78.5 +1.8 pp
2006 76.7 +2.6 pp
2005 74.1 +0.4 pp
2004 73.6 +1 pp
2003 72.7 +3.8 pp
2002 68.9 −3.7 pp
2001 72.5 −3.4 pp
2000 76

Micronesia, 2024

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

About the indicator

The share of value added by the service sector in GDP: wholesale and retail trade, transport, communications, finance, real estate, business and government services, education and health care. In most high-income countries it exceeds 70%; in small island states and tourism economies it reaches 80–90%.

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