Economy - overview:
The economy consists primarily of tourism, subsistence agriculture, and fishing. The government is the major employer of the work force relying heavily on financial assistance from the US. The Compact of Free Association with the US, entered into after the end of the UN trusteeship on 1 October 1994, provided Palau with up to $700 million in US aid for the following 15 years in return for furnishing military facilities. Business and tourist arrivals numbered 85,000 in 2007. The population enjoys a per capita income roughly 50% higher than that of the Philippines and much of Micronesia. Long-run prospects for the key tourist sector have been greatly bolstered by the expansion of air travel in the Pacific, the rising prosperity of leading East Asian countries, and the willingness of foreigners to finance infrastructure development.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Current account balance: Exports: Exports - commodities: Imports: Imports - commodities: Debt - external: Exchange rates:
NOTE: 1) The information regarding Palau on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Palau Economy 2012 information contained here. All suggestions for corrections of any errors about Palau Economy 2012 should be addressed to the CIA.
$164 million (2008 est.)
country comparison to the world: 216
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$164 million (2008)
[see also: GDP (official exchange rate) country ranks ]
NA% (2009)
[see also: GDP - real growth rate country ranks ]
$8,100 (2008 est.)
country comparison to the world: 122
[see also: GDP - per capita country ranks ]
agriculture: 6.2%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 12%
[see also: GDP - composition by sector - industry country ranks ]
services: 81.8% (2003)
[see also: GDP - composition by sector - services country ranks ]
9,777 (2005)
country comparison to the world: 214
[see also: Labor force country ranks ]
agriculture: 20%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: NA%
[see also: Labor force - by occupation - industry country ranks ]
services: NA% (1990)
[see also: Labor force - by occupation - services country ranks ]
4.2% (2005 est.)
country comparison to the world: 38
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
revenues: $114.8 million
[see also: Budget revenues country ranks ]
expenditures: $99.5 million (2008 est.)
[see also: Budget expenditures country ranks ]
70% of GDP (2008 est.)
country comparison to the world: 5
[see also: Taxes and other revenues country ranks ]
9.3% of GDP (2008 est.)
country comparison to the world: 7
[see also: Budget surplus (+) or deficit (-) country ranks ]
2.7% (2005 est.)
country comparison to the world: 38
[see also: Inflation rate (consumer prices) country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
coconuts, copra, cassava (tapioca), sweet potatoes; fish
tourism, craft items (from shell, wood, pearls), construction, garment making
NA%
[see also: Industrial production growth rate country ranks ]
$15.09 million (FY03/04)
country comparison to the world: 60
[see also: Current account balance country ranks ]
$5.882 million (2004 est.)
country comparison to the world: 214
[see also: Exports country ranks ]
shellfish, tuna, copra, garments
$107.3 million (2004 est.)
country comparison to the world: 210
[see also: Imports country ranks ]
machinery and equipment, fuels, metals; foodstuffs
$0 (FY99/00)
country comparison to the world: 203
[see also: Debt - external country ranks ]
the US dollar is used
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12