Republic of Palau: Recent Economic Developments
March 28, 2002
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This paper examines recent economic developments in the Republic of Palau. Palau has made a modest recovery in 2000 and 2001. Real GDP growth has been about 1 percent in 2000 and 2001, after the recession brought about by the Asian crisis reached its trough of negative 5½ percent growth in 1999. This recovery was mainly owing to grant-financed large infrastructure projects. However, the outlook on tourism, Palau’s major industry, remains weak owing to the events on September 11, and the expected El Nino, which also threaten the development of tourism-related private sector projects.
Subject: Balance of payments, Expenditure, Foreign direct investment, Imports, Income, International trade, National accounts, Revenue administration
Keywords: accounts payable, CR, customs office, dollar, executive branch wage, Foreign direct investment, GDP deflator, gross revenue, Imports, Income, independent auditor, ISCR, Pacific Islands, Palau, Palau utility corporation, savings account, wage, wage bill
Pages:
47
Volume:
2002
DOI:
Issue:
070
Series:
Country Report No. 2002/070
Stock No:
1PLWEA0022002
ISBN:
9781451831498
ISSN:
1934-7685
