mailing address: P. O. Box 6028, Republic of Palau 96940
telephone: [680] 488-2920, 2990
FAX: [680] 488-2911
Flag description: light blue with a large yellow disk (representing the moon) shifted slightly to the hoist side
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 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 - $129 million (1998 est.)
note: GDP numbers reflect US spending
GDP - real growth rate: -1.4% (1998 est.)
GDP - per capita: purchasing power parity - $7,100 (1998 est.)