Palau FlagPalau

A Good Leader Is Like Rain That Calms The Ocean.

 

General


Population: 21,186 (2014), 21,108 (2013)
Land Area: 458 sq km
Natural Resources: Forests, minerals, marine products, deep-seabed minerals
Capital: Melekeok
Political System: Constitutional Government
State Leader: Tommy Remengesau (January 17th 2013)
Languages: Paulauan, Tobi, Angaur, Filipino, English, Chinese, Carolinian, Japanese
Currency: US Dollar (USD)
Major Religions: Roman Catholic 41.6%, Protestant 23.3%, Modekingei 8.8%, Seventh-Day Adventist 5.3%, Jehovah's Witness 0.9%, Latter-Day Saints 0.6%, Other 3.1%, Unspecified or None 16.4%
Major Ethnicities: Palauan 69.9%, Filipino 15.3%, Chinese 4.9%, Other Asian 2.4%, Caucasian 1.9%, Carolinian 1.4%, Other Micronesian 1.1%, Other and Unspecified 3.2%
Life Expectancy: 72.6 years (2014), 72.33 years (2013)

Economy


GDP Official Exchange Rate: 245.5 million (2013), 221 million (2011)
GDP Purchasing Power Parity: 245.5 million (2013), 221 million (2011)
GDP Per Capita (PPP): 10,500 (2011)
GDP Growth Rate: 3.5% (2013), 5.8% (2011)
GDP Structure: Agriculture 3.2%, Industry 20%, Services 76.8% (2012)
Labour Force By Occupation: NA
Industries: Tourism, craft items, construction, garment making
Agriculture Products: Coconuts, copra, cassava, sweet potatoes; fish
Human Development Index: 0.775 (60th)(2014), 0.791 (52nd)(2013)
Tourism Revenue: 97 million (2004)
Unemployment Rate: 4.2% (2005)

MilitaryPalau Map


Army Size: NA
Budget: NA

Current Situation

 

Palau is located in the Pacific Ocean. Many Islands nations stand near it. Palau's biggest economic activity is tourism and will remain so in the future, with the sector experiencing high growth. However, until tourism develops enough, Palau will be depending on US aid.

(2014) Palau's economy continues to grow at a healthy pace and investments continue in the tourism industry. Palau's citizens enjoy a relatively high standard of living among Pacific Islanders

Thoughts & Comments

 

Sources

CIA World Factbook: Palau
Wikipedia: Palau

Updated on: November 20th, 2014