1UpTravel


 

You are here > 1Up Travel > Countries of the World > Oceania & Pacific > Palau



ADVERTISEMENT

Country

 Country Facts

  Introduction

  Geography

  People

  Government

  Economy

  Communications

  Transportation

  Military

  Maps & Cities

  Transnational issues


Related

  Palau Guide
  Palau Maps
  Palau Hotels
  Palau Flag
  More Palau Flags
  Palau Geography
  Palau Travel Warning



Travel & Tourism . Tourist Guide to the Country

Palau Economy




Palau    Economy Top of Page
Economy - overview: The economy consists primarily of subsistence agriculture and fishing. The government is the major employer of the work force, relying heavily on financial assistance from the US. The population enjoys a per capita income of twice that of the Philippines and much of Micronesia. Long-run prospects for the tourist sector have been greatly bolstered by the expansion of air travel in the Pacific and the rising prosperity of leading East Asian countries.
GDP: purchasing power parity - $129 million (1998 est.)

note:  GDP numbers reflect US spending
GDP - real growth rate: -1.4% (1998 est.)
GDP - per capita: purchasing power parity - $7,100 (1998 est.)
GDP - composition by sector: agriculture:  NA%

industry:  NA%

services:  NA%
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): NA%
Labor force: 8,300 (1999)
Labor force - by occupation: agriculture NA%, industry NA%, services NA%
Unemployment rate: 2.3% (2000 est.)
Budget: revenues:  $57.7 million

expenditures:  $80.8 million, including capital expenditures of $17.1 million (FY98/99 est.)
Industries: tourism, craft items (from shell, wood, pearls), construction, garment making
Industrial production growth rate: NA%
Agriculture - products: coconuts, copra, cassava (tapioca), sweet potatoes
Exports: $14.3 million (f.o.b., 1996)
Exports - commodities: trochus (type of shellfish), tuna, copra, handicrafts
Exports - partners: US, Japan
Imports: $126 million (f.o.b., FY99/00)
Imports - commodities: machinery and equipment, fuels, metals; foodstuffs
Imports - partners: US
Debt - external: $0 (FY99/00)
Economic aid - recipient: $155.8 million (1995); note - the Compact of Free Association with the US, entered into after the end of the UN trusteeship on 1 October 1994, will provide Palau with up to $700 million in US aid over 15 years in return for furnishing military facilities
Currency: US dollar (USD)
Currency code: USD
Exchange rates: the US dollar is used
Fiscal year: 1 October - 30 September

 

Countryfacts Information Courtesy: CIA Worldbook








Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


CHANNELS

Compare Country InfoHotel DirectoryGeographyFlagsWorld MapsTravel WarningsNational Parks

DESTINATIONS

AsiaAfricaCaribbeanMiddle EastNorth AmericaSouth AmericaCentral AmericaOceania PacificEuropePolar Regions

PHOTO SPECIAL

DestinationsMonumentsAncient WondersModern Wonders Natural Wonders

UTILITIES

World TimeISD CodesTravel Links Link Exchange

 



Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright © 1Up Travel All Rights Reserved.
Go Up

Privacy Policy