Palau: Imports of goods and services (% of GDP)
In , Palau's Imports of goods and services (% of GDP) was 80.42.
That's down 10.2% from 2022, the highest value since .
The global average for this indicator in 2023 was 47.94 .
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • 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
- 90.43
- Trough
- 70.00
- 1-year change
- -10.2%
- 5-year change
- +7.1%
- +1.4% / yr
- 10-year change
- -7.8%
- -0.8% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 80.4162 | |
| 89.5323 | |
| 74.4336 | |
| 80.2710 | |
| 77.1512 | |
| 75.0569 | |
| 76.4532 | |
| 70.1160 | |
| 73.5715 | |
| 90.4300 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Palau's Imports of goods and services (% of GDP) in 2023?
- In 2023, Palau's Imports of goods and services (% of GDP) was 80.42, according to World Bank Open Data.
- Is Palau's Imports of goods and services (% of GDP) rising or falling?
- Palau's Imports of goods and services (% of GDP) fell 10.2% from 2022 to 2023.
- How does Palau's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2023 was 47.94, so Palau is above the world average.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.