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Classification of household consumption in Palau

Palau: Classification of household consumption was 1 in 2023. ◆ Volatile

Latest (2023)
1
Change on year
unchanged
World rank
1st
of 188 countries
All-time high
1
in 2019
All-time low
0
in 2016
Years of data
8
2016–2023

Classification of household consumption in Palau, 2016–2023

00.20.40.60.812016201920232016: 02017: 02018: 02019: 12020: 12021: 12022: 12023: 1

Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).

Analysis

The most recent figure for classification of household consumption in Palau is 1, measured in 2023. That is the highest value across all 8 years on record.

That places Palau 1st out of 188 countries with data for 2023, putting it in the top 10%.

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.25 0 1 4
2020s 1 1 1 4

Countries ranked near Palau

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See the full ranking of 190 places →

More reference data data for Palau

All data for Palau →

Frequently asked questions

What is classification of household consumption in Palau?
Classification of household consumption in Palau was 1 in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
What is the highest classification of household consumption recorded in Palau?
The highest recorded value was 1 in 2019.
What is the lowest classification of household consumption recorded in Palau?
The lowest recorded value was 0 in 2016.
How does Palau rank for classification of household consumption?
Palau ranks 1st out of 188 countries with data for 2023.
Where does this Palau data come from?
The figures come from Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as part of Classification of household consumption. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Classification of household consumption
Source
Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 1,940 data points, 2004–2023
Last refreshed

Classification of Individual Consumption According to Purpose (COICOP) is used in household budget surveys, consumer price indices and international comparisons of gross domestic product (GDP) and its component expenditures. Although COICOP is not strictly linked to any particular model of consumer behavior, the classification is designed to broadly reflect differences in income elasticities. It is an integral part of the SNA1993 and more detailed subdivision of the classes provide comparability between countries and between statistics in these different areas.