Palau vs the United Kingdom: Economic Indicators Comparison

The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Palau ranked 192nd with $284M. By GDP per capita, the United Kingdom and Palau ranked 23rd vs 60th, respectively.

Gross Domestic Product & Income

StatPalauUnited Kingdom
GDP$284M$2.9T
GDP growth, 1 year1.71%1.4%
GDP growth, 5-years averageN/A2.1%
Population22k66M
GDP per capita$16k$43k
GDP per capita growth1.14%0.73%
Purchasing Power Parity conversion factor0.860.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.860.93
GDP per capita, PPP adjusted$19k$46k
GNI, Atlas method$309.4M$2.8T
GNI per capita$17k$42k
GNI, PPP adjusted$349.4M$3T
GNI per capita, PPP adjusted$20k$45k

Financial system and Human development

StatPalauUnited Kingdom
Income Tax RateN/A45%
Corporate Tax RateN/A20%
Inflation, consumer prices1.3%2.5%
Inflation, GDP deflator-2.5%1.9%
Unemployment1.4%4%
Economic Freedom Index6279.3
Personal Freedom Index6.49.08
Human Freedom Index6.48.55
Property Rights IndexN/A92.2
Judical Effectiveness IndexN/A82.7
Business Freedom IndexN/A94.7
Fiscal Health IndexN/A78.1
Labor Freedom IndexN/A73.1
Investment Freedom IndexN/A80
Financial Freedom IndexN/A80
Trade Freedom IndexN/A86.4
Monetary Freedom IndexN/A80.3
Government Spending IndexN/A49.5
Tax Burden IndexN/A64.7
Government Integrity IndexN/A89.9
Corruption Perceptions Index4980
Life expectancy at birth, years69.181.2
Suicide mortality rate, per 100,000 people21.78.9
Mortality caused by road traffic injury, per 100,000 people4.83.1
Intentional homicides, per 100,000 people3.11.2
International tourism, number of arrivals106k36.3M

Government debt & reserves

StatPalauUnited Kingdom
Central government debt, % of GDP67.5%86.9%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/A5.5%
Gross savings, % of GDP10.7%13.4%
Gross capital formation, % of GDP26.7%17.3%
Total reserves including goldN/A$172.7B
Foreign direct investment net inflows$21.5M$35.1B

Exports, imports and economic structure

StatPalauUnited Kingdom
Exports of goods and services, % of GDP47%30%
Imports of goods and services, % of GDP76.3%31.8%
Current account balance (balance of payments)-$51.8M-$123.1B
Revenue excluding grants, % of GDP27.3%35.3%
Grants excluding technical cooperation, BoP$81.2MN/A
Personal remittances received$2.2M$4.4B
Industry including construction value added, % of GDP8%17.5%
Agriculture, forestry and fishing value added, % of GDP3.2%0.6%
Charges for the use of intellectual property, payments BoPN/A$13.5B
Charges for the use of intellectual property, receipts BoPN/A$21.7B
Expense, % of GDP41.4%36%
Government Expenditure, % of GDPN/A41%

Compare with countries close by GDP per capita

Palau vs

CountryGDP
per capita
Population
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M

United Kingdom vs

CountryGDP
per capita
Population
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M