Palau: GNI, PPP (current international $)
In , Palau's GNI, PPP (current international $) was 324.79 million.
That's up 5.0% from 2022, the highest value since .
The global average for this indicator in 2023 was $1.04 trillion .
Source: World Bank Open Data (NY.GNP.MKTP.PP.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
- 325.57M
- Trough
- 244.52M
- 1-year change
- +5.0%
- 5-year change
- +3.0%
- +0.6% / yr
- 10-year change
- +22.2%
- +2.0% / yr
Historical Data — Last 10 Years
| Year | GNI, PPP (current international $) |
|---|---|
| 324.789M | |
| 309.280M | |
| 291.479M | |
| 316.495M | |
| 325.574M | |
| 315.337M | |
| 314.017M | |
| 307.784M | |
| 302.730M | |
| 280.508M |
About GNI, PPP (current international $)
This indicator provides values for gross national income (GNI) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.
Indicator code: NY.GNP.MKTP.PP.CD • Category: Economy
Frequently asked questions
- What was Palau's GNI, PPP (current international $) in 2023?
- In 2023, Palau's GNI, PPP (current international $) was 324.79 million, according to World Bank Open Data.
- Is Palau's GNI, PPP (current international $) rising or falling?
- Palau's GNI, PPP (current international $) rose 5.0% from 2022 to 2023.
- How does Palau's GNI, PPP (current international $) compare to the world average?
- The global average for GNI, PPP (current international $) in 2023 was $1.04 trillion, so Palau is below the world average.
- What is GNI, PPP (current international $) and how is it measured?
- This indicator provides values for gross national income (GNI) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.
Source: World Bank Open Data (NY.GNP.MKTP.PP.CD), CC BY 4.0.