International organization participation:
ACP, AsDB, FAO, IAEA, IBRD, ICAO, ICRM, IDA, IFC, IFRCS, IMF, IOC,
IPU, MIGA, OPCW, PIF, Sparteca, SPC, UN, UNCTAD, UNESCO, WHO
Diplomatic representation in the US:
chief of mission: Ambassador Hersey KYOTA
chancery: 1700 Pennsylvania Avenue NW, Suite 400, Washington, DC
20006
telephone: [1] (202) 452-6814
FAX: [1] (202) 452-6281
consulate(s) general: Honolulu
consulate(s): Tamuning (Guam)
Diplomatic representation from the US:
chief of mission: US ambassador to the Philippines is accredited to
Palau
embassy: Koror (no street address)
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
Economy Palau
Economy - overview:
The economy consists primarily of tourism, subsistence agriculture,
and fishing. The government is the major employer of the work force,
relying heavily on financial assistance from the US. Business and
tourist arrivals numbered 63,000 in 2003. The population enjoys a
per capita income twice that of the Philippines and much of
Micronesia. Long-run prospects for the key tourist sector have been
greatly bolstered by the expansion of air travel in the Pacific, the
rising prosperity of leading East Asian countries, and the
willingness of foreigners to finance infrastructure development.
GDP (purchasing power parity):
$124.5 million; note - includes US subsidy (2004 est.)
GDP (official exchange rate):
$145 million (2005)
GDP - real growth rate:
5.5% (2005 est.)
GDP - per capita (PPP):
$7,600 (2005 est.)