Remittance inflows to GDP in Palau
Palau: Remittance inflows to GDP was 0.8% in 2020. ▬ Flat
Remittance inflows to GDP in Palau, 2005–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Palau is 0.8%, measured in 2020.
That represents a change of up 6.4% on the previous year and down 6.8% over ten years.
Over the whole period, remittance inflows to gdp in Palau peaked at 1.1% in 2012 and was at its lowest, 0.8%, in 2017.
That places Palau 128th out of 197 countries with data for 2020, putting it in the middle of the range.
Remittance inflows to GDP in Palau, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 0.8% | — |
| 2006 | 0.8% | +3.5% |
| 2007 | 0.8% | -4.1% |
| 2008 | 0.8% | +5.2% |
| 2009 | 0.8% | +4.8% |
| 2010 | 0.9% | +6.9% |
| 2011 | 1.0% | +10.2% |
| 2012 | 1.1% | +11.2% |
| 2013 | 1.1% | -4.0% |
| 2014 | 0.9% | -14.0% |
| 2015 | 0.8% | -11.7% |
| 2016 | 0.8% | -2.4% |
| 2017 | 0.8% | -3.6% |
| 2018 | 0.8% | +0.2% |
| 2019 | 0.8% | +3.8% |
| 2020 | 0.8% | +6.4% |
Palau compared with similar countries
- Palau's 0.8% is above the median for high income countries, which is 0.8%, 1.1× the median. (67 countries reporting)
- Palau's 0.8% is below the median for East Asia & Pacific, which is 2.3%, 36% of the median. (32 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8% | 0.8% | 0.8% | 5 |
| 2010s | 0.9% | 0.8% | 1.1% | 10 |
| 2020s | 0.8% | 0.8% | 0.8% | 1 |
Countries ranked near Palau
- 125 France 1.0% compare
- 126 Indonesia 0.9% compare
- 127 Trinidad and Tobago 0.9% compare
- 129 Costa Rica 0.8% compare
- 130 Panama 0.8% compare
- 131 Seychelles 0.8% compare
More financial sector data for Palau
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 34.97 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -0.0064 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 25.53 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 34.97 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -0.0064 % change on previous year (2025)
Frequently asked questions
- What is remittance inflows to gdp in Palau?
- Remittance inflows to gdp in Palau was 0.8% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Palau?
- The highest recorded value was 1.1% in 2012.
- What is the lowest remittance inflows to gdp recorded in Palau?
- The lowest recorded value was 0.8% in 2017.
- How does Palau rank for remittance inflows to gdp?
- Palau ranks 128th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Palau?
- Over the last ten years it is down 6.8%. The long-run trend across the full record is flat.
- Where does this Palau data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.