Palau Economy: GDP, Inflation, CPI & Interest Rates

Palau's Macroeconomic Analysis:

Nominal GDP of USD 0.2 billion in 2022.

GDP per capita of USD 12,500 compared to the global average of USD 10,589.

Average real GDP growth of 1% over the last decade.

Average real GDP growth of 0.7% over the last decade.

Share of the region's population

Share of the region's GDP

GDP by economic sector

GDP by type of expenditure

Main Economic Indicators

Economic growth

The economy recorded an average annual decrease of 0.7% in the decade to 2021. To read more about GDP growth in Palau, go to our dedicated page.

Fiscal policy

Palau's fiscal deficit averaged 0.6% of GDP in the decade to 2022. Find out more on our dedicated page.

Inflation

Inflation averaged 2.0% in the decade to 2022. Go to our Palau inflation page for extra insight.

Exchange Rate

From end-2012 to end-2022 the US dollar stayed on the same level vs the U.S. dollar. For more info on the US dollar, click here.

Palau Economic Forecasts

Projections out to 2029.

19 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 2 expert analysts.

Want to get insight on the economic outlook for Palau in the coming years? FocusEconomics collects projections out to 2029 on 19 economic indicators for Palau from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Palau economy. To download a sample report on the Palau's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.

Palau Economic Indicators

	2019	2020	2021	2022	2023
Population (million)	0.0	0.0	0.0	0.0	0.0
GDP (USD bn)	0.3	0.3	0.2	0.2	-
GDP per Capita (USD)	15,611	14,333	12,500	12,500	-
GDP (LCU bn)	0.3	0.3	0.2	0.2	-
Economic Growth (Nominal GDP, ann. var. %)	-2.4	-8.2	-12.8	0.0	-
Economic Growth (GDP, ann. var. %)	0.2	-6.0	-13.8	-1.3	1.9
Fiscal Balance (% of GDP)	-0.4	-13.0	-7.5	-0.6	-2.8
Public Debt (% of GDP)	85.2	-	-	-	-
Inflation (CPI, ann. var. %, eop)	3.9	2.6	10.3	23.6	33.5
Inflation (CPI, ann. var. %, aop)	3.1	3.3	6.1	19.2	34.4
Exchange Rate (USD per USD, eop)	1.00	1.00	1.00	1.00	1.00
Exchange Rate (LCU per USD, aop)	1.00	1.00	1.00	1.00	1.00
Current Account Balance (USD bn)	-0.1	-0.1	-0.1	-0.1	-0.1
Current Account Balance (% of GDP)	-30.6	-44.2	-42.2	-52.0	-
Merchandise Trade Balance (USD bn)	-0.2	-0.1	-0.2	-0.2	-0.2
Merchandise Exports (USD bn)	0.0	0.0	0.0	0.0	0.0
Merchandise Imports (USD bn)	0.2	0.1	0.2	0.2	0.2
Merchandise Exports (ann. var. %)	0.0	75.0	-71.4	50.0	-33.3
Merchandise Imports (ann. var. %)	9.7	-22.8	4.7	34.6	15.2
Foreign Direct Investment (USD bn)	0.0	0.0	0.0	0.1	0.0
International Reserves (USD bn)	0.0	0.0	0.0	0.0	0.0
International Reserves (months of imports)	0.3	0.3	0.8	0.6	0.5
External Debt (USD bn)	0.1	0.2	0.2	0.2	-
External Debt (% of GDP)	36.9	60.3	81.4	79.4	-

Palau Economic Data & Projections

Palau's Macroeconomic Analysis:

Main Economic Indicators

Palau Economic Forecasts

Palau Economic Indicators