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| 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. Business and tourist arrivals numbered 50,000 in FY00/01. The population enjoys a per capita income twice 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 - $174 million note: gdp estimate includes us subsidy (2001 est.) |
| GDP - real growth rate | 1% (2001 est.) |
| GDP - per capita | purchasing power parity - $9,000 (2001 est.) |
| GDP - composition by sector |
agriculture: na industry: na services: na |
| Investment gross fixed | |
| Population below poverty line | NA |
| Household income or consumption by percentage share |
lowest 10%: na highest 10%: na |
| Distribution of family income - Gini index | |
| Inflation rate consumer prices | 3.4% (2000 est.) |
| Labor force | 9,845 (2000) |
| Labor force by occupation | agriculture 20%, industry NA, services NA (1990) |
| 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.) |
| Public debt | |
| Agriculture products | coconuts, copra, cassava (tapioca), sweet potatoes |
| Industries | tourism, craft items (from shell, wood, pearls), construction, garment making |
| Industrial production growth rate | NA |
| Electricity production | |
| Electricity production by source | NA |
| Electricity consumption | |
| Electricity exports | |
| Electricity imports | |
| Oil production | |
| Oil consumption | |
| Oil exports | |
| Oil imports | |
| Oil proved reserves | |
| Natural gas production | |
| Natural gas consumption | |
| Natural gas exports | |
| Natural gas imports | |
| Natural gas proved reserves | |
| Current account balance | |
| Exports | $18 million f.o.b. (2001 est.) |
| Exports commodities | shellfish, tuna, copra, garments |
| Exports partners | US, Japan, Singapore (2000) |
| Imports | $99 million f.o.b. (2001 est.) |
| Imports commodities | machinery and equipment, fuels, metals; foodstuffs |
| Imports partners | US, Guam, Japan, Singapore, Korea (2000) |
| Reserves of foreign exchange gold | |
| Debt external | $0 (FY99/00) |
| Economic aid recipient | $155.8 million ; note - the Compact of Free Association with the US, entered into after the end of the UN trusteeship on 1 October 1994, provides 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 |
Introduction and Background to Palau | Geography Of Palau | People Of Palau | Government Of Palau | Communications Of Palau | Transportation Of Palau | Military Of Palau | Transnational Issues Of Palau
Palauan Flag Map Of Palau Tobian language
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