The Republic of Palau is an Oceania country. It is to the north of Papua New Guinea. In 1994, he emerged from US patronage. Local people use the name is “Belau”. It is in the South of the Great Ocean. Area; 458.4 km². The Capital is Ngerulmud.
Cities of Palau
Area Code: +680
Palau's Currency: US Dollar
Ngerulmud, Koror .
According to the purchasing power parity, Palau is one of the Pacific island countries with the highest level of wealth with a per capita income of $ 14,100.
Palau's economy is largely based on tourism, the related service sector and foreign aid. Approximately 80% of revenues are obtained from the service sector. In particular, the income from tourists from countries in the region, such as Japan, Taiwan and Korea, is the main source of income for the country.
The construction sector is one of the most important economic activities in Palau.
Agriculture and stockbreeding activities are carried out for small-scale and rather as a means of subsistence. Although it shows a decrease compared to previous years, the fishing sector is a potential source of income for the country.
On the other hand, foreign aid is important for the economy of the country, especially the aid provided by the US under the Free Union Agreement.
Export Products by Palau
Palau's main export items are shellfish, tuna, dried coconut and textile products.
Palau's Import Products
Basic imported goods are machinery and equipment, petroleum products, metals and food products.
Countries Exported by Palau
USA, Japan and Taiwan are the main export markets of Palau.
Countries imported by Palau
Most of Palau's imports are from USA (Guam), Japan, Singapore, Taiwan and South Korea.
Nations Living in Palau
The fact that the islands connected to Palau are located on the western edge of Oceania has caused a great deal of confusion between the various ethnic communities. Almost 70% of Palau's indigenous people are made up of the Palau people, who are made up of Micronezians, Polynesians and Melanese people.
Languages spoken in Palau
Official languages; There are three official languages of Palau, English and Japanese.