Palau Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Palau's gross savings was -12.70% in 2023, ranked 178th globally. This represents a 196.0% decrease from 2022. Data from World Bank, covering 2005–2023.
Overview
Palau's gross savings stood at -12.70% in 2023, a decline of +8.41% from 2022. Palau ranked 178th globally.
Palau's Gross Savings rate has exhibited a significant decline over the past two decades, with a notable all-time peak of 11.48 in 2005, which is also the earliest recorded value. Conversely, the country's Gross Savings rate plummeted to a record low of -12.70 in 2023, ranking it 178th globally. This stark contrast is not unique to Palau, as neighboring countries such as Timor-Leste and Lebanon also experienced significant declines in their Gross Savings rates, with Timor-Leste recording a -8.48 rate in 2023. The drastic drop in Palau's Gross Savings rate raises concerns about the country's ability to invest in its future development, particularly in the face of economic uncertainty. A sustained increase in economic growth, accompanied by prudent fiscal management, could potentially alter the trajectory of Palau's Gross Savings rate and help the country recover from its current economic challenges.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2023 | -12.70% | −8.41% | #178 |
| 2022 | -4.29% | +0.41% | #179 |
| 2021 | -4.70% | +1.42% | #178 |
| 2020 | -6.12% | −7.37% | #179 |
| 2019 | 1.25% | −6.22% | #180 |
| 2018 | 7.47% | +0.96% | #174 |
| 2017 | 6.51% | −2.86% | #180 |
| 2016 | 9.37% | +3.36% | #172 |
| 2015 | 6.01% | +5.12% | #178 |
| 2014 | 0.89% | +0.25% | #182 |
| 2013 | 0.64% | −1.27% | #176 |
| 2012 | 1.90% | −2.58% | #176 |
| 2011 | 4.48% | −0.13% | #171 |
| 2010 | 4.61% | +2.18% | #174 |
| 2009 | 2.43% | −0.00% | #173 |
Analysis
Palau's gross savings was -12.70% in 2023, a decline of −8.41% from 2022.
Frequently Asked Questions
Palau's gross savings was -12.70% in 2023. Ranked 178th globally. This represents a 196.0% decrease from the previous year.
Palau's gross savings peaked at 11.48% in 2005.
The lowest gross savings in Palau was -12.70% in 2023.
Palau ranks 178th globally in gross savings as of 2023.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
The gross savings of Palau in 2023 was -12.70%. This ranks 178th in the world.
Cite this page
@misc{historysaid_palau_gross-savings,
title = {Palau Gross Savings},
url = {https://historysaid.com/palau/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}