Republic of Palau: Recent Economic Developments

March 28, 2002

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Republic of Palau: Recent Economic Developments, (USA: International Monetary Fund, 2002) accessed November 22, 2024

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.

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

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/070
Stock No:

1PLWEA0022002
ISBN:

9781451831498
ISSN:

1934-7685

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