Services value added — all countries

Services value added — Palau

Services value added in Palau in 2024 — 234,954,900 US$. Ranked 187 in the world out of 188. Since 2000, the indicator has risen by 106.7%.

2024 235M US$ +13.55% vs 2023
World rank 187of 188
Period maximum 236M US$2016
Period minimum 112M US$2002

Trend over time

2000–2024 · US$

Services value added — Palau, 2000–2024100M150M200M250M2000200320062009201220152018202120242000: 113,651,700 US$2001: 115,676,600 US$2002: 112,037,900 US$2003: 112,324,700 US$2004: 122,481,400 US$2005: 137,493,400 US$2006: 146,258,200 US$2007: 153,891,600 US$2008: 158,783,100 US$2009: 148,330,100 US$2010: 145,170,500 US$2011: 154,680,700 US$2012: 167,795,200 US$2013: 178,051,500 US$2014: 193,472,700 US$2015: 224,996,600 US$2016: 235,530,900 US$2017: 226,369,600 US$2018: 225,319,800 US$2019: 215,839,400 US$2020: 198,407,000 US$2021: 181,186,100 US$2022: 187,746,800 US$2023: 206,910,100 US$2024: 234,954,900 US$
Change over the period: +121M (+106.73%) Average annual rate: 3.07 %

Comparison, 2024

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

Palau 235M US$
World 70.69T US$
Upper-middle-income countries computed 17.06T US$
Services value added — Palau, by year Palau All countries CSV XLSX
Year US$ Change Change, %
2024 235M +28.04M +13.55%
2023 207M +19.16M +10.21%
2022 188M +6.56M +3.62%
2021 181M −17.22M −8.68%
2020 198M −17.43M −8.08%
2019 216M −9.48M −4.21%
2018 225M −1.05M −0.46%
2017 226M −9.16M −3.89%
2016 236M +10.53M +4.68%
2015 225M +31.52M +16.29%
2014 193M +15.42M +8.66%
2013 178M +10.26M +6.11%
2012 168M +13.11M +8.48%
2011 155M +9.51M +6.55%
2010 145M −3.16M −2.13%
2009 148M −10.45M −6.58%
2008 159M +4.89M +3.18%
2007 154M +7.63M +5.22%
2006 146M +8.76M +6.37%
2005 137M +15.01M +12.26%
2004 122M +10.16M +9.04%
2003 112M +286,800 +0.26%
2002 112M −3.64M −3.15%
2001 116M +2.02M +1.78%
2000 114M

Micronesia, 2024

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

About the indicator

Value added by the service sector in current US dollars: trade, transport, communications, finance, real estate, public administration, education, health care and everything else that is neither industry nor agriculture. In most advanced countries this is two thirds of the economy or more, and in absolute figures the sector is larger than industry almost everywhere except a few manufacturing economies of East Asia.

Important: A residual category by definition: everything not assigned to agriculture or industry. Its composition is therefore harder to compare across countries than its size.

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