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<text id=93CT1154>
<title>
Pacific Islands, Trust Territory (Palau)--Economy
</title>
<article><source>CIA Factbook</source><hdr>The World Factbook 1993: Pacific Islands, Trust Territory of the (Palau)
Economy</hdr><body>
<p>Overview: The economy consists primarily of subsistence
agriculture and fishing. Tourism provides some foreign
exchange, although the remote location of Palau and a shortage
of suitable facilities has hindered development. The government
is the major employer of the work force, relying heavily on
financial assistance from the US.
</p>
<p>National product: GDP - purchasing power equivalent - $31.6
million (1986)
</p>
<p>note: GDP numbers reflect US spending
</p>
<p>National product real growth rate: NA%
</p>
<p>National product per capita: $2,260 (1986)
</p>
<p>Inflation rate (consumer prices): NA%
</p>
<p>Unemployment rate: 20% (1986)
</p>
<p>Budget: revenues $6.0 million; expenditures $NA, including
capital expenditures of $NA (1986)
</p>
<list>
<l>Exports: $0.5 million (f.o.b., 1986)</l>
<l> commodities: NA</l>
<l> partners: US, Japan</l>
<l>Imports: $27.2 million (c.i.f., 1986)</l>
<l> commodities: NA</l>
<l> partners: US</l>
</list>
<p>External debt: about $100 million (1989)
</p>
<p>Industrial production: growth rate NA%
</p>
<p>Electricity: 16,000 kW capacity; 22 million kWh produced,
1,540 kWh per capita (1990)
</p>
<p>Industries: tourism, craft items (shell, wood, pearl), some
commercial fishing and agriculture
</p>
<p>Agriculture: subsistence-level production of coconut, copra,
cassava, sweet potatoes
</p>
<p>Economic aid: US commitments, including Ex-Im (FY70-89),
$2,560 million; Western (non-US) countries, ODA and OOF
bilateral commitments (1970-89), $92 million
</p>
<p>Currency: US currency is used
</p>
<p>Fiscal year: 1 October-30 September
</p></body></article></text>