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Economy of Palau vs United Kingdom compared: GDP & Debt

Updated on by Georank

Palau has a GDP of $345M compared to $4T for the United Kingdom, ranking 193/197 and 5/197 by economy size, respectively.

Palau vs United Kingdom GDP by year

Palau
United Kingdom
1x
Year GDP, current $
Palau United Kingdom
2025 $345,000,000 $4,002,587,541,846
2024 $321,501,813 $3,695,539,513,534
2023 $276,157,406 $3,420,796,653,789
2022 $247,470,813 $3,181,244,350,465
2021 $235,935,734 $3,194,559,188,926
2020 $258,985,859 $2,724,001,478,305
2019 $281,954,000 $2,875,710,080,015
2018 $288,228,344 $2,897,028,009,916
2017 $289,983,656 $2,699,118,387,873
2016 $303,326,125 $2,706,807,606,539
2015 $283,224,750 $2,945,579,890,258
2014 $245,436,547 $3,085,362,169,410
2013 $226,257,828 $2,796,908,333,283
2012 $214,928,297 $2,719,715,961,540
2011 $195,163,578 $2,675,590,034,129
2010 $184,292,328 $2,496,740,681,057
2009 $184,049,766 $2,429,358,155,476
2008 $199,046,109 $2,945,251,838,235
2007 $196,012,719 $3,104,699,879,952
2006 $190,777,422 $2,719,558,417,663
2005 $185,658,172 $2,551,361,818,182
2004 $166,363,734 $2,429,774,807,763
2003 $154,566,781 $2,061,227,755,102
2002 $162,658,719 $1,790,536,570,743
2001 $159,446,234 $1,656,171,009,069
2000 $149,551,484 $1,671,597,821,153
1999 $144,206,500 $1,693,458,987,219
1998 $149,079,600 $1,660,821,464,061
1997 $143,860,800 $1,569,317,288,802
1996 $137,494,600 $1,425,287,051,482
1995 $121,018,500 $1,349,094,208,616
1994 $106,138,500 $1,140,489,745,944
1993 $96,455,700 $1,061,388,722,256
1992 $104,771,300 $1,179,659,529,660
1991 $106,555,300 $1,142,797,178,131
1990 $97,702,303 $1,093,169,389,205
1989 $85,800,543 $926,884,816,754
1988 $75,348,615 $910,122,732,124
1987 $66,169,905 $745,162,608,269
1986 $58,109,314 $601,452,653,181
1985 $51,030,637 $489,285,164,271
1984 $44,814,259 $461,487,097,632
1983 $39,661,530 $489,618,008,186
1982 $36,027,583 $515,048,916,841
1981 $32,726,594 $540,765,675,241
1980 $29,728,054 $564,947,710,899
1979 $27,004,251 $438,994,070,309
1978 $24,530,015 $335,883,029,722
1977 $22,308,104 $263,066,457,352
1976 $20,364,420 $232,614,555,256
1975 $18,521,112 $241,756,637,168
1974 $16,848,759 $206,131,369,799
1973 $15,331,889 $192,537,971,583
1972 $13,956,474 $169,965,034,965
1971 $12,706,874 $148,113,896,325
1970 $11,563,041 $130,671,946,244
1969 - $116,464,702,803
1968 - $107,759,910,068
1967 - $113,116,888,211
1966 - $108,572,752,102
1965 - $101,824,755,079
1964 - $94,407,558,351
1963 - $86,561,961,812
1962 - $81,247,564,157
1961 - $77,741,965,703
1960 - $73,233,967,692

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/palau/united-kingdom | CC BY

GDP per capita in Palau vs United Kingdom by year

Palau
GDP per capita

GDP per capita, PPP
United Kingdom
GDP per capita

GDP per capita, PPP
1x
Year Current $
Palau United Kingdom
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $19,532 - $57,602 -
2024 $18,169 - $53,341 $62,009
2023 $15,578 $18,230 $49,920 $59,911
2022 $13,935 $17,185 $47,035 $59,022
2021 $13,267 $15,781 $47,696 $51,004
2020 $14,556 $17,390 $40,815 $48,230
2019 $15,842 $18,422 $43,161 $50,065
2018 $16,180 $18,172 $43,704 $47,212
2017 $16,280 $17,991 $40,918 $46,113
2016 $17,044 $18,235 $41,259 $44,085
2015 $15,938 $17,854 $45,256 $42,515
2014 $13,855 $16,442 $47,747 $41,267
2013 $12,821 $15,425 $43,608 $39,948
2012 $12,098 $15,461 $42,688 $38,337
2011 $10,796 $14,673 $42,296 $37,224
2010 $10,018 $13,443 $39,778 $36,484
2009 $9,837 $13,414 $39,009 $35,042
2008 $10,471 $14,039 $47,652 $36,745
2007 $10,155 $14,308 $50,629 $35,522
2006 $9,737 $13,545 $44,695 $34,727
2005 $9,368 $12,960 $42,240 $32,726
2004 $8,394 $12,213 $40,504 $32,051
2003 $7,862 $11,588 $34,557 $30,314
2002 $8,340 $11,704 $30,159 $29,089
2001 $8,239 $11,092 $28,014 $27,913
2000 $7,798 $10,197 $28,384 $26,536
1999 $7,630 $10,388 $28,858 $24,494
1998 $8,048 $11,048 $28,396 $23,689
1997 $7,945 $10,957 $26,910 $23,071
1996 $7,788 $10,800 $24,503 $21,947
1995 $7,038 $9,863 $23,253 $20,595
1994 $6,329 $8,932 $19,709 $19,605
1993 $5,892 $8,348 $18,389 $18,336
1992 $6,553 $9,521 $20,487 $17,349
1991 $6,824 $10,184 $19,901 $16,791
1990 $6,403 $9,609 $19,095 $16,505
1989 $5,741 - $16,239 -
1988 $5,145 - $15,987 -
1987 $4,616 - $13,119 -
1986 $4,144 - $10,611 -
1985 $3,728 - $8,652 -
1984 $3,360 - $8,179 -
1983 $3,049 - $8,692 -
1982 $2,838 - $9,146 -
1981 $2,639 - $9,599 -
1980 $2,423 - $10,032 -
1979 $2,189 - $7,805 -
1978 $1,972 - $5,977 -
1977 $1,781 - $4,681 -
1976 $1,616 - $4,138 -
1975 $1,464 - $4,300 -
1974 $1,328 - $3,666 -
1973 $1,221 - $3,426 -
1972 $1,145 - $3,030 -
1971 $1,081 - $2,650 -
1970 $1,017 - $2,348 -
1969 - - $2,101 -
1968 - - $1,952 -
1967 - - $2,059 -
1966 - - $1,987 -
1965 - - $1,874 -
1964 - - $1,748 -
1963 - - $1,613 -
1962 - - $1,526 -
1961 - - $1,472 -
1960 - - $1,398 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/palau/united-kingdom | CC BY

Palau's GDP per capita is $19,532, ranking 63/197, compared to $57,602 in the United Kingdom, ranking 21/197. Adjusted for purchasing power (GDP per capita PPP), Palau ranks 103rd at $18,230, while the United Kingdom ranks 32nd at $62,009.

Economic indicators

Palau United Kingdom
Gross domestic product
$345M
2025
$4T
2025
GDP rank
193/197
2025
5/197
2025
GDP growth
6.29%
2024-2025
1.39%
2024-2025
GDP per capita
$19,532
2025
$57,602
2025
GDP per capita rank
63/197
2025
21/197
2025
GDP per capita, PPP
$18,230
2023
$62,009
2024
GDP per capita PPP rank
103/197
2023
32/197
2024
Government debt n/a
$4.1T
2025
Debt-to-GDP ratio n/a
102.3%
2025
Government debt per person n/a
$58,936
2025
Government debt per person rank n/a
7/185
2025
Average annual personal income after taxes
$10,433
2026
$43,539
2026
Market capitalization of domestic companies n/a
$3.1T
2022
Number of millionaires n/a
2,428,000
2026
Number of billionaires n/a
56
2026
Income share by richest 10% n/a
25%
2021
Income share by poorest 10% n/a
2.9%
2021
Government expenditure, % of GDP
52.1%
2025
43.6%
2025
Consumer prices inflation
0.3%
2024-2025
3.88%
2024-2025
Central bank interest rate n/a
3.75%
2025
Unemployment rate
2.09%
2023
4.9%
2025
Population
17620
70071289

Government deficit by year

Deficit/surplus
Palau

United Kingdom
1x
Year Deficit/surplus, % of GDP
Palau United Kingdom
2025 1.73% -5.38%
2024 1.23% -6.06%
2023 -2.28% -6.05%
2022 -4.26% -4.6%
2021 -9.94% -7.54%
2020 -13% -12.9%
2019 -0.36% -2.38%
2018 6.18% -2.23%
2017 4.76% -2.48%
2016 3.52% -3.28%
2015 5.08% -4.53%
2014 3.59% -5.47%
2013 0.54% -5.29%
2012 0.98% -7.96%
2011 1.29% -7.42%
2010 -1.27% -9.25%
2009 -2.14% -9.97%
2008 -1.71% -5.05%
2007 -2.08% -2.63%
2006 0.14% -2.74%
2005 1.38% -3.13%
2004 -4.82% -3.14%
2003 -6.91% -3.19%
2002 -12.7% -1.95%
2001 -16.7% 0.34%
2000 -13.4% 1.4%
1999 - 0.76%
1998 - -0.21%
1997 - -2%
1996 - -3.63%
1995 - -4.97%
1994 - -5.72%
1993 - -6.6%
1992 - -5.39%
1991 - -2.76%
1990 - -1.53%
1989 - 0.77%
1988 - 0.46%
1987 - -1.79%
1986 - -2.56%
1985 - -5.57%
1984 - -6.39%
1983 - -6.26%
1982 - -5.66%
1981 - -7.03%
1980 - -5.65%
1979 - -5.79%
1978 - -6.63%
1977 - -4.41%
1976 - -5.61%
1975 - -5.08%
1974 - -4.06%
1973 - -4.29%
1972 - -1.66%
1971 - 1.48%
1970 - 2.61%
1969 - 1.03%
1968 - -2.3%
1967 - -4.57%
1966 - -1.59%
1965 - -2.06%
1964 - -1.76%
1963 - -5.47%
1962 - -0.49%
1961 - 0.56%
1960 - -2.75%
1959 - -0.58%
1958 - -1.73%
1957 - -1.04%
1956 - 0.55%
1955 - -0.39%
1954 - -1.65%
1953 - -2.84%
1952 - -1.26%
1951 - 2.03%
1950 - 0.34%
1949 - 3.01%
1948 - -0.39%
1947 - -15.8%
1946 - -22.5%
1945 - -30.9%
1944 - -29.7%
1943 - -33.3%
1942 - -31.6%
1941 - -32%
1940 - -12.1%
1939 - -2.99%
1938 - 0%
1937 - 0.82%
1936 - 0.17%
1935 - 0.37%
1934 - 0.48%
1933 - 0.99%
1932 - -0.15%
1931 - 0.8%
1930 - 1.01%
1929 - 0.75%
1928 - 1.75%
1927 - 1.62%
1926 - 0.6%
1925 - 0.84%
1924 - 1.19%
1923 - 2.23%
1922 - 2.45%
1921 - 1.15%
1920 - 4.2%
1919 - -6.28%
1918 - -34.4%
1917 - -48.8%
1916 - -50.6%
1915 - -30%
1914 - -14.6%
1913 - 0.25%
1912 - 0.22%
1911 - 0.51%
1910 - 1.75%
1909 - -1.25%
1908 - 0.34%
1907 - 0.66%
1906 - 0.58%
1905 - 0.36%
1904 - 0.2%
1903 - -0.22%
1902 - -1.77%
1901 - -2.74%
1900 - -2.96%
1899 - -0.79%
1898 - 0.01%
1897 - 0.25%
1896 - 0.17%
1895 - 0.3%
1894 - 0.06%
1893 - -0.007%
1892 - 0.14%
1891 - 0.19%
1890 - 0.23%
1889 - 0.3%
1888 - 0.27%
1887 - 0.25%
1886 - 0.07%
1885 - -0.21%
1884 - -0.04%
1883 - 0.06%
1882 - 0.02%
1881 - 0.06%
1880 - 0.1%
1879 - -0.86%
1878 - -0.18%
1877 - -0.18%
1876 - 0.09%
1875 - 0%
1874 - 0.09%
1873 - 0%
1872 - 0.55%
1871 - 0.29%
1870 - 0%
1869 - 0.77%
1868 - -0.45%
1867 - -0.45%
1866 - 0.11%
1865 - 0%
1864 - 0.24%
1863 - 0%
1862 - -0.13%
1861 - -0.4%
1860 - -0.43%
1859 - 0%
1858 - -0.15%
1857 - -0.15%
1856 - -0.6%
1855 - -3.57%
1854 - -3.39%
1853 - 0.5%
1852 - 0.35%
1851 - 0.35%
1850 - 0.37%
1849 - 0.34%
1848 - -0.17%
1847 - -6.13%
1846 - 0.52%
1845 - 0.56%
1844 - 0.59%
1843 - 0.44%
1842 - -0.87%
1841 - -0.42%
1840 - -0.2%
1839 - -0.18%
1838 - -0.19%
1837 - -0.21%
1836 - 0.59%
1835 - 0.42%
1834 - 0.23%
1833 - 0.24%
1832 - 0%
1831 - 0%
1830 - 0.45%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1830–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/palau/united-kingdom | CC BY

In 2025, Palau's government surplus, the difference between spending and revenue, was $5.95M, equivalent to 1.73% of GDP. This compares to the United Kingdom's deficit of $215B, or 5.38% of GDP.

Over the past 26 years, Palau recorded a fiscal deficit in 14 of those years, while the United Kingdom ran a deficit in 24 years. On average, Palau posted an annual deficit equal to 2.35% of GDP, compared to deficit of 4.73% of GDP for the United Kingdom.

Inflation comparison by year

Inflation
Palau

United Kingdom
1x
Year Consumer prices inflation
Palau United Kingdom
2025 0.3% 3.88%
2024 3.6% 3.27%
2023 12.4% 6.79%
2022 13.2% 7.92%
2021 -0.5% 2.52%
2020 0.7% 0.99%
2019 0.4% 1.74%
2018 2.4% 2.29%
2017 1.1% 2.56%
2016 -1.3% 1.01%
2015 2.2% 0.37%
2014 4% 1.45%
2013 2.8% 2.29%
2012 5.4% 2.57%
2011 2.6% 3.86%
2010 1.1% 2.49%
2009 4.7% 1.96%
2008 9.9% 3.52%
2007 3% 2.39%
2006 4.2% 2.46%
2005 3.6% 2.09%
2004 0.5% 1.39%
2003 0.6% 1.38%
2002 -0.3% 1.52%
2001 -0.7% 1.53%
2000 - 1.18%
1999 - 1.75%
1998 - 1.82%
1997 - 2.2%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2001–2025, retrieved 2026-07-08).

GeoRank.org/economy/palau/united-kingdom | CC BY

Over the past 25 years, Palau has recorded an average annual inflation rate of 3.04%, compared with 2.57% in the United Kingdom. In 2025, inflation was 0.3% in Palau and 3.88% in the United Kingdom.

Top exports between countries

Palau
Export category Export value
United Kingdom
Export category Export value
Animal & marine products $126K
Processed food, beverages & tobacco $32K
Machinery & equipment $28K
Miscellaneous $25K
Chemicals & pharma $17K
Textiles & consumer goods $11K
Precious metals & jewellery $9K

Balance of trade

Palau United Kingdom
Current account balance
-$134M
2023
-$97.1B
2025
Current account balance ranking
84/190
2023
189/190
2025
Current account balance, % of GDP
-48.6%
2023
-2.43%
2025
Goods imports
$164M
2023
$827B
2025
Goods exports
$1.74M
2023
$506B
2025
Service imports
$43M
2023
$450B
2025
Service exports
$61.9M
2023
$720B
2025
Imports of goods and services, % of GDP
73.1%
2024
31.9%
2025
Exports of goods and services, % of GDP
32.7%
2024
30.6%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Palau United Kingdom
Economic freedom 62 70.4
Economic freedom ranking 89/197 35/197
Property rights n/a 93.6
Government integrity n/a 83
Judicial effectiveness n/a 83.1
Tax burden n/a 61.7
Government spending n/a 41.1
Fiscal health n/a 32.4
Business freedom n/a 83.6
Labor freedom n/a 61.2
Monetary freedom n/a 71.9
Trade freedom n/a 82.8
Investment freedom n/a 70
Financial freedom n/a 80

Other economic metrics

Palau United Kingdom
Services, % of GDP
73.1%
2024
73.1%
2025
Industry, % of GDP
13%
2024
16.5%
2025
Agriculture, forestry, and fishing, % of GDP
2.73%
2024
0.64%
2025
GNI, Atlas method
$351M
2025
$3.79T
2025
GNI per capita, PPP
$23,480
2025
$64,210
2025
Total reserves including gold n/a
$214B
2025
Total reserves ranking n/a
19/177
2025
Net foreign direct investment
-$79.9M
2023
$10.3B
2025
Net inflows of foreign direct investment
$69.1M
2024
-$13B
2024
Net outflows of foreign direct investment
$0
2024
-$72.5B
2024
Poverty at national poverty lines
24.9%
2020
18.6%
2017
Gross capital formation, % of GDP
35%
2024
19.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/palau/united-kingdom | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1830–1989, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. TradeMap (2023–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.