What was Palau's GDP per capita (current US$) in 2023?

In 2023, Palau's GDP per capita (current US$) was 15,610.82, according to World Bank Open Data.

Is Palau's GDP per capita (current US$) rising or falling?

Palau's GDP per capita (current US$) rose 13.7% from 2022 to 2023.

How does Palau's GDP per capita (current US$) compare to the world average?

The global average for GDP per capita (current US$) in 2023 was 21,312.22, so Palau is below the world average.

Palau: GDP per capita (current US$)

Name: Palau: GDP per capita (current US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2023, Palau's GDP per capita (current US$) was 15,610.82.

That's up 13.7% from 2022, the highest value since 2019.

The global average for this indicator in 2023 was 21,312.22 .

Source: World Bank Open Data (NY.GDP.PCAP.CD) • Data as of 2023

Trend (2005–2023)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: 17,150.48; 2016
Trough: 9,635.28; 2005
1-year change: +13.7%
5-year change: -3.4%; -0.7% / yr
10-year change: +22.9%; +2.1% / yr

Real vs nominal growth

Over the last 10 years, Palau's nominal GDP per capita (current US$) changed by +22.9%, while real (inflation-adjusted) GDP per capita (constant 2015 US$) changed by -8.4%. The +31.3 percentage-point gap is the combined effect of inflation and currency movement — only the real series isolates underlying economic growth.

Historical Data — Last 10 Years

Year	GDP per capita (current US$)
2023	15,610.8232
2022	13,729.7603
2021	13,009.2482
2020	14,708.2120
2019	15,846.7968
2018	16,166.9671
2017	16,401.7848
2016	17,150.4759
2015	16,154.0532
2014	13,863.4544

About GDP per capita (current US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.PCAP.CD • Category: Economy

About per capita measures: Per capita figures divide a country's total value by its population, giving a measure of average individual share. This makes countries of different sizes more comparable — a large country like China may have a higher total GDP than Switzerland, but Switzerland's GDP per capita is much higher.

Frequently asked questions

What was Palau's GDP per capita (current US$) in 2023?: In 2023, Palau's GDP per capita (current US$) was 15,610.82, according to World Bank Open Data.
Is Palau's GDP per capita (current US$) rising or falling?: Palau's GDP per capita (current US$) rose 13.7% from 2022 to 2023.
How does Palau's GDP per capita (current US$) compare to the world average?: The global average for GDP per capita (current US$) in 2023 was 21,312.22, so Palau is below the world average.
What is GDP per capita (current US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.PCAP.CD), CC BY 4.0.