Economy of Palau
Population: 0.02 M (2018)
GDP per Capita: 15,859 USD (2018)
280 M.

GDP USD

(2018)

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130 M.

EXPORTS USD

(2018)

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220 M.

IMPORTS USD

(2018)

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2018 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.71 % (2018)
GDP of 2010 USD USD 0.20 B. (2018)
GDP Current USD USD 0.28 B. (2018)
GDP per Capita Current USD USD 15,859 (2018)
GDP per capita, PPP USD 16,425 (2018)
GDP per Capita, 2010 USD USD 12,260 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 32.40 % (2018)
Government Spending USD 0.09 B. (2018)
Government Debt % GDP % ()

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 94.48 (2018)
Trade Openness 123.30 % (2018)
Exports of Goods and Services % GDP 46.99 % (2018)
Exports Goods & Services USD 0.13 B. (2018)
Exports Annual Growth 11.88 % (2015)
Imports as % GDP 76.30 % (2018)
Total Imports USD 0.22 B. (2018)
Foreign Direct Investment % GDP 7.57 % (2018)
Foreign Direct Investment USD 0.02 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP -29.31 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold
Remittances % GDP 0.86 % (2018)
Remittances USD 2 M. (2017)
Balance of Payments USD 5 M. (2017)

Labor Market

Indicator Value
Labor Force
Unemployment Rate
Unemployment Rate Females
Unemployment Rate Males
Youth Unemployment (ages 15-24)
Labor Force Participation Rate USD 5 M. (2017)
Labor Force (Percent Female) USD 5 M. (2017)
Female Labor Force Participation Rate USD 5 M. (2017)
Male Labor Force Participation Rate USD 5 M. (2017)
Dependent People

Agriculture Sector

Indicator Value
Forest Area 87.60 % (2016)
Forest Area km² 403 km² (2016)
Agricultural Land 10.87 % (2016)
Agricultural Land km² 50 km² (2016)
Employment
Value added % GDP 3.18 % (2018)
Agriculture Value added USD 0.01 B. (2018)
Crop Production Index 10.87 % (2016)
Precipitation 494 mm (2012)
Arable Land 2 % (2016)
Cereal Yield 2 % (2016)
Food production index 2 % (2016)
Rural Population 20 % (2018)
Fertilizer use of Arable Land 2 % (2016)
Livestock Production Index 2 % (2016)
Economy of Palau

According to the World Bank and its latest published data, the economy of the Palau presents a growth rate of 1.71 % (2018) to the previous year.

With a population that reaches 0.02 M (2018) and a gross domestic product of USD 0.28 B. (2018), it translates a Gross Domestic Product per Capita of USD 15,859 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Palau also has a workforce of with an unemployment rate of , where women represent and men , the unemployment rate for young people between 15-24 years old stood at . The total number of dependent people stands at .

The central government spent 32.40 % (2018) of its gross domestic product that year, which in absolute terms is USD 0.09 B. (2018). Its consolidated public debt reached of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Palau exported USD 0.13 B. (2018), which represents 46.99 % (2018) of its gross domestic product, in that same sense its imports reached USD 0.22 B. (2018) with a direct foreign investment of USD 0.02 B. (2018).

Palau has a forest area of 403 km² (2016), which represents 87.60 % (2016) of its total area, an average rainfall of 494 mm (2012) per year and a population of 20 % (2018) living in rural areas. With a total area of 50 km² (2016) available for agriculture and of its employments, the agricultural sector contributes to the economy of the Palau about USD 0.01 B. (2018) (3.18 % (2018) of its GDP).