Palau: GDP per capita, PPP

* indicates monthly or quarterly data series

GDP per capita, Purchasing Power Parity

 Latest value 14,113
 Year 2021
 Measure U.S. dollars
 Data availability 2000 - 2021
 Average 15,835
 Min - Max 13,301 - 18,403
 Source The World Bank
For that indicator, we provide data for Palau from 2000 to 2021. The average value for Palau during that period was 15835 U.S. dollars with a minimum of 13301 U.S. dollars in 2000 and a maximum of 18403 U.S. dollars in 2015. The latest value from 2021 is 14113 U.S. dollars. For comparison, the world average in 2021 based on 185 countries is 21734 U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Palau - GDP per capita, PPP - Recent values chart

Historical chart
Palau - GDP per capita, PPP - historical chart - 2000-2021

GDP per capita in Palau and other countries is calculated as the Gross Domestic Product (GDP) divided by the population.

We show the GDP per capita in Purchasing Power Parity (PPP) terms, i.e. we calculate the GDP per capita in different countries using U.S. prices. The PPP measure is useful to compare income across countries. It allows us to answer the following question: 'What can the average person in some country buy if they paid U.S. prices?'

Moreover, we use constant prices. Using the prices from only one year allows us to compare GDP per capita over time as the effect of inflation is eliminated. Otherwise, we are not sure if the increase in GDP is due to price increases or to a growth in production.

GDP per capita varies considerably across countries. In advanced economies, it exceeds 35,000 dollars per year. In some very poor countries, it is less than 1000 dollars per year.
Definition: GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.

 Related indicators Latest value Reference Measure
 Economic growth -13.72 2021 percent
 GDP, constant dollars 0.2 2021 billion U.S. dollars
 GDP, current U.S. dollars 0.23 2021 billion U.S. dollars
 GDP per capita, current dollars 12,921.83 2021 U.S. dollars
 GDP per capita, PPP 14,113 2021 U.S. dollars
 GDP per capita, constant dollars 12,086.98 2021 U.S. dollars
This site uses cookies.
Learn more here