Palau: Trade openness
* indicates monthly or quarterly data series
| Palau |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 87.74 |
| Year | 2022 |
| Measure | percent |
| Data availability | 2005 - 2022 |
| Average | 130.72 |
| Min - Max | 80.73 - 161.52 |
| Source | The World Bank |
The latest value from 2022 is 87.74 percent, an increase from 80.73 percent in 2021. In comparison, the world average is 101.04 percent, based on data from 169 countries. Historically, the average for Palau from 2005 to 2022 is 130.72 percent. The minimum value, 80.73 percent, was reached in 2021 while the maximum of 161.52 percent was recorded in 2006.
See the global rankings or
world map for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
Recent data
Historical series
Definition: Exports plus imports as percent of GDP.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 91.07 | 2021 | percent |
| Trade openness | 87.74 | 2022 | percent |
| Exports, percent of GDP | 13.46 | 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 |