Palau Economic Statistics and Indicators

31, Oct 2020, EDT. Welcome to the Palau economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Palau › Change country
National or Regional Currency: US Dollar, US$
Year of data: 2015 › Change year
Number of Indicators Listed: 28
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 21,186 (July 2014 est.)
Area: total: 459 sq km ; land: 459 sq km ; water: 0 sq km
Natural Resources: forests, minerals (especially gold), marine products, deep-seabed minerals
Capital: name: Melekeok ; geographic coordinates: 7 29 N, 134 38 E ; time difference: UTC+9 (14 hours ahead of Washington, DC, during Standard Time)

The economy consists of tourism and other services such as trade, subsistence agriculture, and fishing. Government is a major employer of the work force relying on financial assistance from the US under the Compact of Free Association (Compact) with the US. The Compact took effect, after the end of the UN trusteeship on 1 October 1994. The US provided Palau with roughly $700 million in aid for the first 15 years following commencement of the Compact in 1994 in return for unrestricted access to its land and waterways for strategic purposes. Business and leisure tourist arrivals numbered over 109,000 in 2011, for a 27% increase over 2010. The population enjoys a per capita income roughly double that of the Philippines and much of Micronesia. Long-run prospects for tourism have been bolstered by the expansion of air travel in the Pacific, the rising prosperity of industrial East Asia, and the willingness of foreigners to finance infrastructure development. Proximity to Guam, the region's major destination for tourists from East Asia, and a regionally competitive tourist infrastructure enhance Palau's advantage as a destination.

GDP (Constant Prices, National Currency) for Palau in year 2015 is US$ 0.201 Billion.

GDP Growth (Constant Prices, National Currency) for Palau in year 2015 is 9.384 %.

GDP (Current Prices, National Currency) for Palau in year 2015 is US$ 0.287 Billion.

GDP (Current Prices, US Dollars) for Palau in year 2015 is US$ 0.287 Billion.

GDP Deflator for Palau in year 2015 is 143.027 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Palau in year 2015 is US$ 11,235.90 .

GDP Per Capita (Current Prices, National Currency) for Palau in year 2015 is US$ 16,070.42 .

GDP Per Capita (Current Prices, US Dollars) for Palau in year 2015 is US$ 16,070.42 .

GDP (PPP), US Dollars for Palau in year 2015 is US$ 0.272 Billion.

GDP Per Capita (PPP), US Dollars for Palau in year 2015 is US$ 15,182.36 .

GDP Share of World Total (PPP) for Palau in year 2015 is -- %.

Implied PPP Conversion Rate for Palau in year 2015 is 1.058 .

Investment (% of GDP) for Palau in year 2015 is 22.475 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Palau in year 2015 is 122.563 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Palau in year 2015 is 2.199 %.

Inflation, End of Year (Indexed to Year 2000) for Palau in year 2015 is 124.17 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Palau in year 2015 is 2.657 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Palau in year 2015 is 9.604 %.

Import Volumes of Goods Only (Percent Change) for Palau in year 2015 is 8.511 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Palau in year 2015 is 12.964 %.

Export Volumes of Goods Only (Percent Change) for Palau in year 2015 is 15.644 %.

Population for Palau in year 2015 is 0.018 Million .

General government revenue (National Currency) for Palau in year 2015 is US$ 0.116 Billions.

General government revenue (% of GDP) for Palau in year 2015 is 40.487 %.

General government total expenditure (National Currency) for Palau in year 2015 is US$ 0.101 Billions.

General government total expenditure (% of GDP) for Palau in year 2015 is 35.172 %.

Total Government Net Lending/ Borrowing (National Currency) for Palau in year 2015 is US$ 0.015 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Palau in year 2015 is 5.316 %.

Fiscal Year Gross Domestic Product, Current Prices for Palau in year 2015 is US$ 0.287 Billions.

Current Account Balance (US Dollars) for Palau in year 2015 is US$ -0.001 Billion.

Current Account Balance (% GDP) for Palau in year 2015 is -0.505 %.