Trade openness in Palau in 2024 — 105.81%. Ranked 54 in the world out of 172. Since 2005, the indicator has fallen by 16.26 pp.
2005–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Palau
| Year | % | Change, pp |
|---|---|---|
| 2024 | 105.81 | −0.95 pp |
| 2023 | 106.76 | +3.11 pp |
| 2022 | 103.65 | +24.07 pp |
| 2021 | 79.58 | −24.85 pp |
| 2020 | 104.43 | −11.07 pp |
| 2019 | 115.5 | −2.27 pp |
| 2018 | 117.77 | −4.88 pp |
| 2017 | 122.65 | +3.89 pp |
| 2016 | 118.76 | −9.45 pp |
| 2015 | 128.21 | −17.59 pp |
| 2014 | 145.79 | +4.95 pp |
| 2013 | 140.85 | −3.26 pp |
| 2012 | 144.1 | +6.01 pp |
| 2011 | 138.09 | +14.97 pp |
| 2010 | 123.11 | +7.85 pp |
| 2009 | 115.26 | −12.3 pp |
| 2008 | 127.57 | +9.98 pp |
| 2007 | 117.58 | −10.56 pp |
| 2006 | 128.14 | +6.07 pp |
| 2005 | 122.07 | — |
The same indicator for neighboring countries — with links to their pages
The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Merchandise exports plus imports as a percent of GDP — without services.
Trade Exports (% of GDP)How far the economy is oriented toward external markets.
Trade Imports (% of GDP)How far the economy depends on supplies from abroad.
Trade Trade balanceThe difference between exports and imports of goods and services. A minus means imports are larger.
