Republic of Palau: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Palau
IMF Staff Country Reports, October 19, 2016
Source details
- Canonical URL
- Republic of Palau: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Palau
Other formats
Bibliographic details
- Published: October 19, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475545937.002
Economic performance (recent years and FY2015)
- Economy grew strongly in FY2015 (ending September 30, 2015) at 9.4 percent.
- Tourist arrivals and construction activity expanded by 35 percent in FY2015.
- Rapid rise in tourism activity strained infrastructure and was tilted toward low budget tourists.
Policy response and constraints
- Authorities limited the number of charter flights in FY2016 in response to infrastructure strain and the composition of tourists.
- Identified policy concern: infrastructure capacity under pressure from rapid tourism growth.
Outlook and projections
- Economic growth is expected to slow temporarily to zero in FY2016 as tourist arrivals decline.
- Growth is projected to rebound to 5 percent in FY2017 as tourism activity recovers with the entry of new hotels and construction picks up.
Subject areas and keywords (as stated)
- Subject: Economic sectors, Financial institutions, Fiscal consolidation, Fiscal policy, Fiscal stance, Infrastructure, Loans, National accounts, Tourism
- Keywords: CR, development agenda, Fiscal consolidation, Fiscal stance, government, government place, government reform effort, Infrastructure, infrastructure investment, ISCR, Loans, Pacific Islands, Palau, private sector development, Tourism
Publication metadata (selected exact items)
- Publication date: October 19, 2016
- Pages: 52
- Volume: 2016
- Issue: 328
- Series: Country Report No. 2016/328
- DOI: https://doi.org/10.5089/9781475545937.002
- Stock No: 1PLWEA2016001
- ISBN: 9781475545937
- ISSN: 1934-7685
Source: Republic of Palau: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Palau (October 19, 2016).
Content in this bundle
- 1. Real Sector Developments