Ludwig von Mises Institute

Palau

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Country summary

Capital

Melekeok

Borders

(N/A)

Government type

constitutional government in free association with the US; the Compact of Free Association entered into force on 1 October 1994

Population

20,796 (July 2010 est.)[1]

Population growth

0.428% (2010 est.)[1]

Life expectancy

71.22 years[1]

Unemployment

4.2% (2005 est.)[1]

Doing Business ranking

97[2]


After three decades as part of the UN Trust Territory of the Pacific under US administration, this westernmost cluster of the Caroline Islands opted for independence in 1978 rather than join the Federated States of Micronesia. A Compact of Free Association with the US was approved in 1986 but not ratified until 1993. It entered into force the following year when the islands gained independence.[1]

Economical characteristics[edit]

  • Currency: US dollar (ISO code: USD)
  • This country does not seem to have a central bank.


Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[3] 113 120 125 119 123 134 145 157 164 181
Govt. debt (% of GDP)[4]
Govt. revenue (% of GDP)[5]
Govt. expenses (% of GDP)[6]
Debt to revenue (years)

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 CIA - The World Factbook. "Palau", from The World Factbook. Referenced 2010-10-05.
  2. ↑ Doing Business. "Palau", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  3. ↑ World Bank. "Palau: GDP", from World Bank Data. Referenced 2010-10-05.
  4. ↑ World Bank. "Palau: government debt", from World Bank Data. Referenced 2010-10-05.
  5. ↑ World Bank. "Palau: government revenue", from World Bank Data. Referenced 2010-10-05.
  6. ↑ World Bank. "Palau: government expenses", from World Bank Data. Referenced 2010-10-05.

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