Introduction Key Economic Facts U.S. Embassy Palau is an island nation in the Pacific Ocean southeast of Income Level (by per capita Upper Middle Income U.S. Embassy Koror the Philippines. It is the westernmost archipelago in the GNI): Omsangel/Beklelachieb Caroline chain, consisting of six island groups totaling more GDP, PPP (current international $0.33 billion (2019) Airai, Palau 96940 than 300 islands. The geology is varied $): Tel: (680) 587-2920 from mountains on the main island to low, GDP growth (annual %): -4.25% (2019) https://pw.usembassy.gov/ coral islands fringed by barrier reefs. The GDP per capita, PPP (current $18,357.40 (2019) government system is a presidential international $): republic in free association with the United Manufacturing, value added (% 1.03% (2018) States; the chief of state and the head of government is the of GDP): president. Palau, largely dependent on the United States, Current account balance (BoP, -$0.05 billion (2017) has a traditional economic system in which the majority of current US$): the population engages in Inflation, consumer prices 1.28% (2017) subsistence agriculture and (annual %): farming. Labor force, total: 941,783 (2011) Unemployment, total (% of 23.70% (2010) total labor force) (modeled ILO estimate): Imports of goods and services $0.22 billion (2018) (current US$): Exports of goods and services $0.13 billion (2018) Location: Oceania, Micronesia (current US$): Capital City: Ngerulmud Chief of State: President Surangel Whipps Jr. Head of Govt.: President Surangel Whipps Jr. Currency: United States Dollar (USD) GDP Composition % Agriculture Services Industry Manufacturing Major Languages:
Palauan (official on most islands) 65.2%, other Micronesian 1.9%, 80 English (official) 19.1%, Filipino 9.9%, Chinese 1.2%, other 2.8% (2015 est.)
3 9 1Primary Religions:
Roman Catholic 45.3%, *Although Manufacturing is included in the Industry figures, it is also separately Protestant 34.9% (includes reported because it plays a critical role in economy. Evangelical 26.4%, Seventh Day Rankings Adventist 6.9%, Assembly of God .9%, Baptist .7%), Modekngei 5.7% Index Rank (indigenous to Palau), Muslim 3%, KOF Index of Globalization 139 / 185 Mormon 1.5%, other 9.7% (2015 est.)
Calling Code: 680 Voltage: 110/220Key Websites Main Government Page: palaugov.pw
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV