Palau flag Palau:

Presentation of Palau : Economy

National Currency:
American Dollar (USD)
Exchange Rate on :

Type of Economy:
Upper-middle-income economy
An isolated archipelago in the Pacific; the economy is based on tourism.
GDP
(billions USD) :
0.23 (Source: IMF – World Economic Outlook Database, 2022)
GDP
(Constant Prices, Annual % Change) :
-2.8 (Source: IMF – World Economic Outlook Database, 2022)
GDP per Capita
(USD) :
12 (Source: IMF – World Economic Outlook Database, 2022)
General Government Gross Debt
(in % of GDP) :
0.0 (Source: IMF – World Economic Outlook Database, 2022)
Inflation Rate
(%) :
12.2 (Source: IMF – World Economic Outlook Database, 2022)
Value Added
(in % of GDP) :
Agriculture (3.2), Industry (8.5), Services (80.5) (Source: World Bank, Latest available data.)

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Latest Update: October 2022