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Palau Trade (% GDP)

Palau's trade (% GDP) rose to 87.74% in 2022, up from 80.73% in 2021, according to World Bank. This represents an increase of 7.01% from the previous year. Palau has trade (% GDP) higher than the global median (87.74% vs median 84.49%). Within Oceania, it ranks 9th out of 17 countries.

Yearly Historical Data (2005-2022)

(in %)
Year Trade (% GDP)
2022 87.74%
2021 80.73%
2020 107.24%
2019 115.05%
2018 116.89%
2017 127.92%
2016 127.41%
2015 131.23%
2014 141.17%
2013 139.01%
2012 145.34%
2011 144.71%
2010 138.96%
2009 134.56%
2008 142.82%
2007 149.23%
2006 161.52%
2005 161.47%
Palau Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Palau divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $8.62M $6.42M 2018
Annual Imports $154.41M $157.81M 2018
Exports (% GDP) 13.46% 6.77% 2022
FDI Inflows (% GDP) 16.97% 28.18% 2023
Imports (% GDP) 74.27% 73.96% 2022
Net Trade (Goods & Services, BoP) -$192.2M -$159.37M 2022
Tariff Rate 6.8% 6.78% 2021