ÿþ<html> <head> <title> Palau Economy 2013, CIA World Factbook </title> <META NAME="Description" CONTENT="Palau Economy 2013, CIA World Factbook"> <META NAME="keywords" CONTENT="Palau, Economy, 2013, CIA, World, Factbook"> <script language="JavaScript"> function AddToFaves_hp(){ var is_4up = parseInt(navigator.appVersion); var is_mac = navigator.userAgent.toLowerCase().indexOf("mac")!=-1; var is_ie = navigator.userAgent.toLowerCase().indexOf("msie")!=-1; var thePage = location.href; if (thePage.lastIndexOf('#')!=-1) thePage = thePage.substring(0,thePage.lastIndexOf('#')); if (is_ie && is_4up && !is_mac) window.external.AddFavorite(thePage,document.title); else if (is_ie || document.images) booker_hp = window.open(thePage,'booker_','menubar,width=325,height=100,left=140,top=60'); //booker_hp.focus(); } //--> </script> <script type="text/javascript"> (function() { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = 'https://apis.google.com/js/plusone.js'; 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/* WFB Medium Rectangle */ google_ad_slot = "5200087626"; google_ad_width = 300; google_ad_height = 250; //--> </script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> <br> Page last updated on February 5, 2013 <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#economy_overview">Economy - overview:</a></b><br> 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 double 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. <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#GDP">GDP</a> (purchasing power parity):</b><br> $164 million (2008 est.) <br><span style="padding-left:7px;">country comparison to the world: 220 <div class="category_data" style="padding-top: 3px;">$124.5 million (2004 est.) <br><i> <em>note:</em> </i>data are in 2012 US dollars <div class="category_data" style="padding-top: 3px;">GDP estimate includes US subsidy <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_purchasing_power_parity_2013_0.html" target="_blank"><u>GDP country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_official_exchange_rate">GDP (official exchange rate):</a></b><br> $164 million (2008) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_official_exchange_rate_2013_0.html" target="_blank"><u>GDP (official exchange rate) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_real_growth_rate">GDP - real growth rate:</a></b><br> <div class="category_data" style="padding-top: 3px;">5.5% (2005 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_real_growth_rate_2013_0.html" target="_blank"><u>GDP - real growth rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_per_capita">GDP - per capita:</a></b><br> $8,100 (2008 est.) <br><span style="padding-left:7px;">country comparison to the world: 127 <div class="category_data" style="padding-top: 3px;">$7,600 (2005 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_per_capita_2013_0.html" target="_blank"><u>GDP - per capita country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#gdp_composition_by_sector">GDP - composition by sector:</a></b><br> <i>agriculture: </i>3.2% <br>[see also: <a href="http://www.photius.com/rankings/economy/gdp_composition_by_sector_agriculture_2013_0.html" target="_blank"><u>GDP - composition by sector - agriculture country ranks</u></a> ] <br><i> industry: </i>20% <br><i> services: </i>76.8% (2009 est.) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#labor_force">Labor force:</a></b><br> 9,777 (2005) <br><span style="padding-left:7px;">country comparison to the world: 216 <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_2013_0.html" target="_blank"><u>Labor force country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#labor_force_by_occupation">Labor force - by occupation:</a></b><br> <i>agriculture: </i>20% <br>[see also: <a href="http://www.photius.com/rankings/economy/labor_force_by_occupation_agriculture_2013_0.html" target="_blank"><u>Labor force - by occupation - agriculture country ranks</u></a> ] <br><i> industry: </i>(1990) <br><i> services: </i>(1990) (1990) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#unemployment_rate">Unemployment rate:</a></b><br> 4.2% (2005 est.) <br><span style="padding-left:7px;">country comparison to the world: 37 <br>[see also: <a href="http://www.photius.com/rankings/economy/unemployment_rate_2013_0.html" target="_blank"><u>Unemployment rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#population_below_poverty_line">Population below poverty line:</a></b><br> NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/population_below_poverty_line_2013_0.html" target="_blank"><u>Population below poverty line country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#household_income_or_consumption_by_percentage_share">Household income or consumption by percentage share:</a></b><br> <i>lowest 10%: </i>NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/household_income_or_consumption_by_percentage_share_lowest_10pct_2013_0.html" target="_blank"><u>Household income or consumption by percentage share - lowest 10% country ranks</u></a> ] <br><i> highest 10%: </i>NA% <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#budget">Budget:</a></b><br> <i>revenues: </i>$89 million <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_revenues_2013_0.html" target="_blank"><u>Budget revenues country ranks</u></a> ] <br><i> expenditures: </i>$94.3 million (2010 est.) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#taxes_and_other_revenues">Taxes and other revenues:</a></b><br> 54.3% of GDP (2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 15 <br>[see also: <a href="http://www.photius.com/rankings/economy/taxes_and_other_revenues_2013_0.html" target="_blank"><u>Taxes and other revenues country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#budget_surplus_or_deficit">Budget surplus (+) or deficit (-):</a></b><br> -3.2% of GDP (2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 109 <br>[see also: <a href="http://www.photius.com/rankings/economy/budget_surplus_or_deficit_2013_0.html" target="_blank"><u>Budget surplus (+) or deficit (-) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#inflation_rate_consumer_prices">Inflation rate (consumer prices):</a></b><br> 2.7% (2011 est.) <br><span style="padding-left:7px;">country comparison to the world: 63 <div class="category_data" style="padding-top: 3px;">1.6% (2010 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/inflation_rate_2013_0.html" target="_blank"><u>Inflation rate (consumer prices) country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#market_value_of_publicly">Market value of publicly traded shares:</a></b><br> $NA <br>[see also: <a href="http://www.photius.com/rankings/economy/market_value_of_publicly_traded_shares_2013_0.html" target="_blank"><u>Market value of publicly traded shares country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#agriculture_products">Agriculture - products:</a></b><br> coconuts, copra, cassava (tapioca), sweet potatoes; fish <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#industries">Industries:</a></b><br> tourism, craft items (from shell, wood, pearls), construction, garment making <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#industrial_production_growth_rate">Industrial production growth rate:</a></b><br> NA% <br>[see also: <a href="http://www.photius.com/rankings/economy/industrial_production_growth_rate_2013_0.html" target="_blank"><u>Industrial production growth rate country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#current_account_balance">Current account balance:</a></b><br> -$20.8 million (2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 60 <div class="category_data" style="padding-top: 3px;">$15.09 million (FY03/04) <br>[see also: <a href="http://www.photius.com/rankings/economy/current_account_balance_2013_0.html" target="_blank"><u>Current account balance country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports">Exports:</a></b><br> $12.3 million (2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 212 <div class="category_data" style="padding-top: 3px;">$5.882 million (2004 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/exports_2013_0.html" target="_blank"><u>Exports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exports_commodities">Exports - commodities:</a></b><br> shellfish, tuna, copra, garments <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports">Imports:</a></b><br> $113.4 million (2010 est.) <br><span style="padding-left:7px;">country comparison to the world: 211 <div class="category_data" style="padding-top: 3px;">$107.3 million (2004 est.) <br>[see also: <a href="http://www.photius.com/rankings/economy/imports_2013_0.html" target="_blank"><u>Imports country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#imports_commodities">Imports - commodities:</a></b><br> machinery and equipment, fuels, metals; foodstuffs <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#debt_external">Debt - external:</a></b><br> $0 (FY99/00) <br><span style="padding-left:7px;">country comparison to the world: 203 <br>[see also: <a href="http://www.photius.com/rankings/economy/debt_external_2013_0.html" target="_blank"><u>Debt - external country ranks</u></a> ] <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#exchange_rates">Exchange rates:</a></b><br> the US dollar is used, 1 (2011) <p><b><a href = "http://www.theodora.com/wfb/wfb2000/definitions.html#fiscal_year">Fiscal year:</a></b><br> 1 October - 30 September </font> <p> <p> <BR> <P> <font size = "-2"><B> NOTE: The information regarding Palau on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Palau Economy 2013 information contained here. All suggestions for corrections of any errors about Palau Economy 2013 should be addressed to the CIA. </B></font> </P> <br> <hr> <a href="#" onClick="AddToFaves_hp()"><img src="http://www.theodora.com/images/bookmark_banner.gif" align="left" width="176" height="52" border="0"></a><font color=brown> - Please bookmark this page (add it to your favorites). <br> - If you wish to <b>link</b> to this page, you can do so by referring to the URL address below this line.</font> <hr> http://www.theodora.com/wfbcurrent/palau/palau_economy.html <br><br> This page was last modified 11-Mar-13 <br> Copyright &copy 1995-2013 <a href="http://www.theodora.com/ita.html">ITA</a> all rights reserved. <br> </td> <td width=200 valign="top" align="left" background="http://www.theodora.com/wfb2008/images/light_blue.gif"> <!-- SiteSearch Google --> <br> <form action="http://www.google.com/cse" id="cse-search-box"> <div> <input type="hidden" name="cx" value="partner-pub-7437757543052749:i8v5yg-obf2" /> <input type="hidden" name="ie" value="ISO-8859-1" /> <input type="text" name="q" size="26" /> <input type="submit" name="sa" value="Search" /> </div> </form> <script type="text/javascript" src="http://www.google.com/cse/brand?form=cse-search-box&lang=en"></script> <!-- End SiteSearch Google --> <font size="2" face="arial"> <b> <ul> <li><a href="http://www.theodora.com/wfb">|Main INDEX|</a> <li><a href="../index.html">2013 INDEX</a> <li><a href="http://www.photius.com/rankings/index.html">Country Ranks</a> <li><a href="http://www.theodora.com/wfb/wfb2000/definitions.html">DEFINITIONS</a> <br><br> <a href="index.html">Palau Index 2013</a> <br><br> <a href="http://www.theodora.com/wfbcurrent/palau/index.html">Palau Main Index</a> <li><a href="palau_introduction.html">Introduction</a> <li><a href="http://workmall.com/wfb2001/palau/palau_history.html">History</a> <li><a href="palau_geography.html">Geography</a> <li>&nbsp;&nbsp;<a href="http://www.theodora.com/maps">Maps</a><br> </b> &nbsp;&nbsp;<a href="http://www.photius.com/religion">Religion</a> <b><li><a href="palau_government.html">Government</a><br></B> &nbsp;&nbsp;<a href="palau_chiefs.html"> Gov. 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