Attribute | Value |
---|---|
Geography | |
Area | 459 km² |
Continent | Australia |
Land area | 459 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 1,519 km |
Mean elevation | Add |
Lowest point | 0 m |
Highest point | 242 m |
People | |
Population | 21,685 |
Official languages |
|
Religion | Roman Catholic |
Government | |
Long country name | Republic of Palau |
Short country name | Palau |
Long local name | Beluu er a Belau |
Short local name | Belau |
Former name |
|
Government type | Presidential republic in free association with the US |
Capital | Ngerulmud |
Economy | |
GDP (PPP) | 264,000,000 USD |
GDP (OER) | 292,000,000 USD |
GDP (real growth rate) | -3.7 % |
GDP - per capita (PPP) | 14,700 USD |
Gross national saving | 48.7 % of GDP |
Labor force | 11,610 |
Unemployment rate | 1.7 % |
Population below poverty line | 24.9 % |
Budget revenues | 193,000,000 USD |
Budget expenditures | 167,300,000 USD |
Military expenditures | Add |
Taxes and other revenues | 66.1 % of GDP |
Budget surplus or deficit | 8.8 % of GDP |
Public debt | 24.1 % of GDP |
Inflation rate | 0.9 % |
Central bank discount rate | Add |
Commercial bank prime lending rate | Add |
Stock of narrow money | Add |
Stock of broad money | Add |
Stock of domestic credit | Add |
Market value of publicly traded shares | Add |
Current account balance | -53,000,000 USD |
Exports | 23,170,000,000 USD |
Imports | 4,715,000,000 USD |
Reserves of foreign exchange and gold | 0 USD |
External debt | 18,380,000,000 USD |
National currency | US Dollar |
National currency (code) | USD |
National currency (symbol) | $ |
National currency rate to USD | Add |
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.