Republic of Palau: Recent Economic Developments
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Summary:
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.
Series:
Country Report No. 2002/070
Subject:
Balance of payments Expenditure Foreign direct investment Imports Income International trade National accounts Revenue administration
English
Publication Date:
March 28, 2002
ISBN/ISSN:
9781451831498/1934-7685
Stock No:
1PLWEA0022002
Pages:
47
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