Palau: Merchandise trade (% of GDP)
In , Palau's Merchandise trade (% of GDP) was 43.12.
That's down 41.2% from 2023, the highest value since .
The global average for this indicator in 2024 was 64.89 . Palau ranks #130 globally out of 197 reporting countries. Within East Asia & Pacific, it ranks #23 of 32.
Source: World Bank Open Data (TG.VAL.TOTL.GD.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 88.18
- Trough
- 43.12
- 1-year change
- -41.2%
- 5-year change
- -38.3%
- -9.2% / yr
- 10-year change
- -39.8%
- -5.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 43.1166 | |
| 73.3559 | |
| 88.1773 | |
| 68.2967 | |
| 59.6129 | |
| 69.8479 | |
| 62.5004 | |
| 64.3508 | |
| 52.7476 | |
| 54.3445 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Palau's Merchandise trade (% of GDP) in 2024?
- In 2024, Palau's Merchandise trade (% of GDP) was 43.12, according to World Bank Open Data.
- Is Palau's Merchandise trade (% of GDP) rising or falling?
- Palau's Merchandise trade (% of GDP) fell 41.2% from 2023 to 2024.
- How does Palau rank globally on Merchandise trade (% of GDP)?
- In 2024, Palau ranked #130 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Palau's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Palau is below the world average. Within East Asia & Pacific, it ranks #23 of 32.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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 (TG.VAL.TOTL.GD.ZS), CC BY 4.0.