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ECON FACTBOOK

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Economy of Palau

Population: 21 thousand in 20131

GDP: $247 million in 20132

GDP per capita: $11,810 nominal3 ($15,092 PPP4) in 2013

GDP growth rate: -0.3% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities9446.9%
Wholesale, retail trade, restaurants and hotels6130.1%
Transport, storage and communication188.8%
Agriculture, hunting, forestry, fishing125.8%
Construction84.2%
Mining and utilities62.9%
Manufacturing31.3%
Total value added202100%

Employment

Unemployment rate: 4.2% in 20057

Employment by Industry

N/A

Corporations

Top 10 Corporations by Revenue 20138

N/A

Households

Household Wealth: N/A

Household Wealth per Adult: N/A

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $89 million (36% of GDP) in 20139

Central Government Expenditure: $94 million (38% of GDP) in 20139

Central Government Budget Balance: -$5 million (-2% of GDP) in 20139

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds: N/A

Corporate Tax Rate: N/A

Monetary Policy

Monetary Base (M0, United States): $3.99 trillion on Dec 24, 201410

Benchmark Interest Rate (United States): 0.25% on Dec 31 201411

Total Reserves: N/A

Exchange Rate: 1 U.S. Dollar = 1 U.S. Dollar

Inflation: 2.75 in 201112

Financial Institutions

Top 10 Financial Institutions by Assets 201313

N/A (data not available at Relbanks.com)

International Accounts

Exports: $12 million (5% of GDP) in 2013

Imports: $113 million (46% of GDP) in 201314

Trade Balance: -$101 million (-41% of GDP) in 201314

Foreign Direct Investment Inflow: $6 million (2% of GDP) in 201315

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $15 million (6% of GDP) in 201216

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: CIA World Factbook (Unemployment rate) Go back
8. Source: Annual reports (Corporate data) Go back
9. Source: CIA World Factbook (Government budget) Go back
10. Source: Federal Reserve Bank of St. Louis (Monetary base) Go back
11. Source: Federal Reserve Bank of New York (Benchmark interest rate) Go back
12. Source: CIA World Factbook (Inflation rate) Go back
13. Source: Relbanks.com (Financial institutions by assets) Go back
14. Source: CIA World Factbook (Trade data) Go back
15. Source: World Bank Indicators (FDI data) Go back
16. Source: World Bank Indicators (Aid data) Go back