Friday, December 27, 2013

Rank and Economy

The rank of Palau from the poorest is 140 and from the richest is 61 using atlas method in 2003. The gdp per capita is 7,500 $. In other measurements IMF,WB,and CIA is
IMF..................................................WB....................................................CIA
rank/measure....................................rank/measure......................................rank/measure
 -/ NA............................................49/8,200............................................--/NA
The economy of Palau consists primarily of subsistence agriculture and fishing. The government is the major employer of the work force, relying heavily on financial assistance from the United States. The population enjoys a per capita income of more than twice that of the Philippines and much of Micronesia. Long-term prospects for the tourist sector have been greatly bolstered by the expansion of air travel in the Pacific and the rising prosperity of leading East Asian countries.
Palau's per capita GDP of $8,900 makes it one of the wealthier Pacific Island states. Nominal GDP increased by an annual average of nearly 14% from 1983 to 1990, and by an annual rate of over 10% from 1991 to 1997. Growth turned sharply negative in 1998 and 1999 as a result of the 1997 Asian financial crisis                                  
Gross Domestic Product (GDP)purchasing power parity - $132 million (2009 est.) (GDP estimate includes U.S. subsidy)
GDP - real growth rate: 1% (2009 est.)
GDP - per capita: purchasing power parity - $8 500 (2009 est.)