Palau: Trade openness
* indicates monthly or quarterly data series
| Palau |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 105.81 |
| Year | 2024 |
| Measure | percent |
| Data availability | 2005 - 2024 |
| Average | 120.28 |
| Min - Max | 79.58 - 145.79 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2024 is 105.81 percent, a decline from 106.76 percent in 2023. In comparison, the world average is 90.58 percent, based on data from 166 countries. Historically, the average for Palau from 2005 to 2024 is 120.28 percent. The minimum value, 79.58 percent, was reached in 2021 while the maximum of 145.79 percent was recorded in 2014.
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* indicates monthly or quarterly data series
| Recent values | Palau: Trade openness |
|---|---|
| 2024 | 105.81 |
| 2023 | 106.76 |
| 2022 | 103.65 |
| 2021 | 79.58 |
| 2020 | 104.43 |
| 2019 | 115.50 |
| 2018 | 117.77 |
| 2017 | 122.65 |
Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 96.50 | 2024 | percent |
| Trade openness | 105.81 | 2024 | percent |
| Exports, percent of GDP | 32.70 | 2024 | percent |
| Exports, billion dollars | 0.11 | 2024 | billion U.S. dollars |
| Growth of exports | 40.57 | 2024 | percent |
| Imports, percent of GDP | 73.11 | 2024 | percent |
| Imports, billion dollars | 0.24 | 2024 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 21.49 | 2024 | percent |
| Foreign Direct Investment, billion dollars | 0.07 | 2024 | billion U.S. dollars |
| Current account, percent of GDP | -48.61 | 2023 | percent |
| Current account, in dollars | -0.13 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -40.41 | 2024 | percent |
| Trade balance, in dollars | -0.14 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.80 | 2023 | percent |
| Remittances | 2.22 | 2023 | million U.S. dollars |
| Net errors and omissions | -38.18 | 2023 | million USD |
| External debt | 74.20 | 2023 | percent |
| Short-term external debt | 0.00 | 2023 | percent |