Palau Oil production Palau Electricity production

Palau Economy

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 63.000 in 2003. 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.)

Inflation rate: 3.4% (2000 est.)

Labor force : 9.845 (2000)

Industries: tourism. craft items (from shell. wood. pearls). construction. garment making

Palau

			Over view
			Geography
			People
			Government
			Economy
			Communications
			Transportation
			Militry

Palau More Facts

Electricity - production: NA

Oil - production: NA

Palau More Facts

Exports: $18 million f.o.b. (2001 est.)

Imports : $99 million f.o.b. (2001 est.)
Currency (code) : us dollar (usd)