Palau: Trade (% of GDP)
In , Palau's Trade (% of GDP) was 106.70.
That's up 1.4% from 2022, the highest value since .
The global average for this indicator in 2023 was 92.19 .
Source: World Bank Open Data (NE.TRD.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
- 145.70
- Trough
- 81.15
- 1-year change
- +1.4%
- 5-year change
- -9.5%
- -2.0% / yr
- 10-year change
- -25.0%
- -2.8% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 106.6976 | |
| 105.2009 | |
| 81.1478 | |
| 103.3522 | |
| 115.4620 | |
| 117.8660 | |
| 121.7418 | |
| 118.0203 | |
| 126.4955 | |
| 145.7021 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Palau's Trade (% of GDP) in 2023?
- In 2023, Palau's Trade (% of GDP) was 106.70, according to World Bank Open Data.
- Is Palau's Trade (% of GDP) rising or falling?
- Palau's Trade (% of GDP) rose 1.4% from 2022 to 2023.
- How does Palau's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2023 was 92.19, so Palau is above the world average.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.