Palau: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Palau |
Trade balance as percent of GDP |
|---|---|
| Latest value | -64.14 |
| Year | 2022 |
| Measure | percent |
| Data availability | 2005 - 2022 |
| Average | -38.48 |
| Min - Max | -68.91 - -24.22 |
| Source | The World Bank |
The latest value from 2022 is -64.14 percent, an increase from -68.91 percent in 2021. In comparison, the world average is -5.90 percent, based on data from 161 countries. Historically, the average for Palau from 2005 to 2022 is -38.48 percent. The minimum value, -68.91 percent, was reached in 2021 while the maximum of -24.22 percent was recorded in 2015.
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* indicates monthly or quarterly data series
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The trade balance for Palau and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 91.07 | 2021 | percent |
| Trade openness | 92.54 | 2022 | percent |
| Exports, percent of GDP | 14.20 | 2022 | percent |
| Exports, billion dollars | 0.03 | 2022 | billion U.S. dollars |
| Growth of exports | 137.19 | 2022 | percent |
| Imports, percent of GDP | 78.34 | 2022 | percent |
| Imports, billion dollars | 0.19 | 2022 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 18.18 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.07 | 2022 | billion U.S. dollars |
| Current account, percent of GDP | -60.03 | 2022 | percent |
| Current account, in dollars | -0.14 | 2022 | billion U.S. dollars |
| Trade balance, percent of GDP | -64.14 | 2022 | percent |
| Trade balance, in dollars | -0.19 | 2022 | billion U.S. dollars |
| Remittances, percent of GDP | 0.38 | 2023 | percent |
| Remittances | 1.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -11.78 | 2022 | million USD |