Intermetallic compound GaPd2 is a highly selective catalyst material for the semi-hydrogenation of acetylene. We have determined anisotropic electronic, thermal and magnetic properties of a GaPd2 monocrystal along three orthogonal orthorhombic directions of the structure. By using 69Ga and 71Ga NMR spectroscopy, we have determined the electric-field-gradient tensor at the Ga site in the unit cell and the Knight shift, which yields the electronic density of states (DOS) at the Fermi energy εF. The DOS at εF was determined independently also from the specific heat. To see the change of electronic properties of the GaPd2 phase on going from the bulk material to the nanoparticles morphology, we have synthesized GaPd2/SiO2 supported nanoparticles and determined their electronic DOS at εF from the 71Ga NMR spin-lattice relaxation rate. The electronic DOS of the GaPd2 was also studied theoretically from first principles. All results are compared to the chemically related compound GaPd. The active–site-isolation concept for an increased catalytic selectivity is discussed in relation to the GaPd2 and GaPd structures.