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@Palau:Economy
Economy - overview: The economy consists primarily of subsistence
agriculture and fishing. The government is the major employer of the
work force, relying heavily on financial assistance from the US. The
population enjoys a per capita income of more than twice that of the
Philippines and much of Micronesia. Long-run prospects for the tourist
sector have been greatly bolstered by the expansion of air travel in
the Pacific and the rising prosperity of leading East Asian countries.
GDP: purchasing power parity - $160 million (1997 est.)
note: GDP numbers reflect US spending
GDP - real growth rate: 10% (1997 est.)
GDP - per capita: purchasing power parity - $8,800 (1997 est.)
GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): NA%
Labor force: NA
Labor force - by occupation: agriculture NA%, industry NA%, services
NA%
Unemployment rate: 7%
Budget:
revenues: $52.9 million
expenditures: $59.9 million, including capital expenditures of $NA
(1997 est.)
Industries: tourism, craft items (from shell, wood, pearls),
construction, garment making
Industrial production growth rate: NA%
Electricity - production: 200 million kWh (1996)
Electricity - production by source:
fossil fuel: 85%
hydro: 15%
nuclear: 0%
other: 0% (1996)
Electricity - consumption: 200 million kWh (1996)
Electricity - exports: 0 kWh (1996)
Electricity - imports: 0 kWh (1996)
Agriculture - products: coconuts, copra, cassava (tapioca), sweet
potatoes
Exports: $14.3 million (f.o.b., 1996)
Exports - commodities: trochus (type of shellfish), tuna, copra,
handicrafts
Exports - partners: US, Japan
Imports: $72.4 million (f.o.b., 1996)
Imports - commodities: machinery and equipment, fuels
Imports - partners: US
Debt - external: about $100 million (1989)
Economic aid - recipient: $155.8 million (1995); note - the Compact of
Free Association with the US, entered into after the end of the UN
trusteeship on 1 October 1994, will provide Palau with up to $700
million in US aid over 15 years in return for furnishing military
facilities
Currency: 1 United States dollar (US$) = 100 cents
Exchange rates: US currency is used
Fiscal year: 1 October - 30 September
@Palau:Communications
Telepho
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