Palau GDP Trends from 2000 to 2024: A overall increase with some decline Flow

Palau's GDP changed from approximately $150M in 2000 to $308M in 2024, showing an overall 105.3% sharply increased during the period.
The lowest GDP was recorded in 2000 at $150M, and the highest in 2024 at $308M.
Over the 24-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.0%.
For comparison, the average annual growth rate of Marshall Islands was 3.8%, and that of Micronesia was 2.8%.

Overview of Palau's GDP (2000–2024)

The Gross Domestic Product (GDP) of Palau recorded a 105.3% sharply increased from 2000 to 2024.
The average GDP during this period was $222M 960K, and the median was $215M.
GDP fluctuated within a range of $158M, with a standard deviation of $50M 975K.
The average annual change was $6M 115K.


Palau GDP from 2000 to 2024

The total market value of goods and services produced annually in Palau.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 2000, $150M
    • Highest GDP: 2024, $308M
    • Most Recent GDP: 2024, $308M

    Notable Annual GDP Changes

    • 2024: Significant increase in GDP
    • 2021: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Palau's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $282M → $258M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $196M → $184M
    • Outcome: declined

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $150M → $159M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $0 → $0
    • Outcome: remained stable

    Key Economic Indicators of Palau (2000–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    2000
    $ 150M
    $ 7,900.29
    $ 8,534.82
    $ 162M
    0 %
    -50.649 %
    0 %
    0 %
    19,000 people
    2001
    $ 159M
    $ 8,304.59
    $ 9,161.32
    $ 176M
    6.502 %
    -32.978 %
    0 %
    0 %
    19,000 people
    2002
    $ 163M
    $ 8,404.13
    $ 9,696.50
    $ 188M
    5.056 %
    -29.858 %
    0 %
    0 %
    19,000 people
    2003
    $ 155M
    $ 7,923.59
    $ 9,477.82
    $ 185M
    -3.38 %
    -27.809 %
    0 %
    0 %
    20,000 people
    2004
    $ 166M
    $ 8,462.15
    $ 10,048.99
    $ 198M
    4.077 %
    -34.675 %
    0 %
    0 %
    20,000 people
    2005
    $ 186M
    $ 9,327.33
    $ 10,616.23
    $ 211M
    3.664 %
    -27.058 %
    0 %
    0 %
    20,000 people
    2006
    $ 191M
    $ 9,678.12
    $ 11,050.22
    $ 218M
    0.031 %
    -28.476 %
    0 %
    0 %
    20,000 people
    2007
    $ 196M
    $ 10,136.31
    $ 11,675.20
    $ 226M
    0.947 %
    -21.839 %
    0 %
    0 %
    19,000 people
    2008
    $ 199M
    $ 10,498.22
    $ 11,489.46
    $ 218M
    -5.255 %
    -23.296 %
    0 %
    0 %
    19,000 people
    2009
    $ 184M
    $ 9,882.58
    $ 10,974.70
    $ 205M
    -6.839 %
    -13.889 %
    0 %
    0 %
    19,000 people
    2010
    $ 184M
    $ 10,080.44
    $ 11,190.44
    $ 205M
    -1.141 %
    -12.429 %
    0 %
    0 %
    18,000 people
    2011
    $ 195M
    $ 10,885.96
    $ 12,118.75
    $ 217M
    4.124 %
    -17.132 %
    0 %
    0 %
    18,000 people
    2012
    $ 215M
    $ 12,294.28
    $ 12,895.02
    $ 226M
    1.868 %
    -19.828 %
    0 %
    0 %
    18,000 people
    2013
    $ 226M
    $ 13,004.42
    $ 12,971.21
    $ 226M
    -1.612 %
    -18.31 %
    0 %
    0 %
    17,000 people
    2014
    $ 246M
    $ 14,149.36
    $ 13,822.15
    $ 240M
    4.435 %
    -22.905 %
    0 %
    0 %
    17,000 people
    2015
    $ 283M
    $ 16,037.96
    $ 15,021.24
    $ 265M
    9.549 %
    -13.392 %
    0 %
    0 %
    18,000 people
    2016
    $ 303M
    $ 17,161.72
    $ 15,378.71
    $ 272M
    1.507 %
    -16.216 %
    0 %
    0 %
    18,000 people
    2017
    $ 290M
    $ 16,383.83
    $ 15,080.29
    $ 267M
    -3.514 %
    -22.942 %
    0 %
    0 %
    18,000 people
    2018
    $ 289M
    $ 16,289.54
    $ 15,608.87
    $ 277M
    1.261 %
    -18.979 %
    0 %
    0 %
    18,000 people
    2019
    $ 282M
    $ 15,876.32
    $ 16,047.65
    $ 285M
    1.357 %
    -30.772 %
    0 %
    0 %
    18,000 people