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Palau Real GDP

Palau's real GDP rose to $219.46 million in 2023, up from $215.41 million in 2022, according to World Bank. This represents an increase of 1.9% ($4.04 million) from the previous year. Palau has the 4th lowest real GDP. Other bottom countries are Tuvalu, Nauru, Marshall Islands and Kiribati.

Palau's GDP per capita rose to $12,379.79 in 2023, up from $12,129.8 in 2022.

Yearly Historical Data (1970-2023)

(in Million USD)
Year Real GDP (Million USD)
2023 219.46
2022 215.41
2021 218.29
2020 253.22
2019 269.38
2018 268.84
2017 268.55
2016 277.6
2015 278.82
2014 257.69
2013 245.96
2012 253.66
2011 250.52
2010 238.33
2009 240.48
2008 259.31
2007 274.38
2006 269.65
2005 269.99
2004 261.07
2003 251.18
2002 259.54
2001 247.15
2000 232.06
1999 238.27
1998 251.87
1997 246.93
1996 241.38
1995 218.64
1994 197.15
1993 183.74
1992 209.51
1991 223.83
1990 213.36
1989 202.36
1988 191.93
1987 182.03
1986 172.65
1985 163.74
1984 155.3
1983 148.44
1982 145.63
1981 146.17
1980 146.72
1979 147.27
1978 147.83
1977 148.55
1976 146.46
1975 146.52
1974 146.48
1973 146.33
1972 146.03
1971 145.54
1970 145.35
Palau Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Palau, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $281.85M $255.59M 2023
GDP Annual Growth Rate 1.88% -1.32% 2023
GDP per Capita $12,379.79 $12,129.8 2023
GDP per Capita PPP $15,796.54 $15,477.55 2023