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Service exports — all countries

Service exports — Palau

Service exports in Palau in 2023 — 61,894,000 US$. Ranked 170 in the world out of 179. Since 2005, the indicator has fallen by 13.7%.

2023 61.89M US$ +79.55% vs 2022
World rank 170of 179
Period maximum 164M US$2015
Period minimum 13.06M US$2021

Trend over time

2005–2023 · US$

Service exports — Palau, 2005–2023050M100M150M200M20052007200920112013201520172019202120232005: 71,724,260 US$2006: 70,500,913 US$2007: 78,203,363 US$2008: 87,572,495 US$2009: 84,403,358 US$2010: 84,010,651 US$2011: 101,897,441 US$2012: 116,613,758 US$2013: 124,847,846 US$2014: 139,248,306 US$2015: 164,289,907 US$2016: 131,890,000 US$2017: 117,423,000 US$2018: 108,447,000 US$2019: 95,857,000 US$2020: 54,685,000 US$2021: 13,059,000 US$2022: 34,471,000 US$2023: 61,894,000 US$
Change over the period: −9.83M (−13.71%) Average annual rate: -0.82 %

Comparison, 2023

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

Palau 61.89M US$
World 8.05T US$
East Asia & Pacific 1.49T US$
Upper-middle-income countries computed 860B US$
Service exports — Palau, by year Palau All countries CSV XLSX
Year US$ Change Change, %
2023 61.89M +27.42M +79.55%
2022 34.47M +21.41M +163.96%
2021 13.06M −41.63M −76.12%
2020 54.69M −41.17M −42.95%
2019 95.86M −12.59M −11.61%
2018 108M −8.98M −7.64%
2017 117M −14.47M −10.97%
2016 132M −32.4M −19.72%
2015 164M +25.04M +17.98%
2014 139M +14.4M +11.53%
2013 125M +8.23M +7.06%
2012 117M +14.72M +14.44%
2011 102M +17.89M +21.29%
2010 84.01M −392,707 −0.47%
2009 84.4M −3.17M −3.62%
2008 87.57M +9.37M +11.98%
2007 78.2M +7.7M +10.93%
2006 70.5M −1.22M −1.71%
2005 71.72M — —

Micronesia, 2023

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

PW Palau 61.89M NR Nauru 33.12M MH Marshall Islands 19.68M KI Kiribati 9.03M
Full table for all countries

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

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

Other indicators for Palau

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How much a country earns on exports of computer, information and telecommunications services.

Palau by year Trade Exports of goods and services

The value of goods shipped out and of services provided to non-residents, in US dollars.

Palau by year Tourism Inbound tourism receipts

How much foreign tourists spend in the country over a year.

Palau by year
All indicators for Palau