Global Government Tenders

Most trusted source for Tendering Opportunities and Business Intelligence since 2002

Economy of Palau and business opportunities

Economy of Palau

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.

Industries

Tourism is Palau's main industry. Activity focuses on scuba diving and snorkeling among the islands' rich marine environment, including the Floating Garden Islands to the west of Koror. The number of visitors-85% of whom come from Japan, Taiwan, and the U.S.-reached nearly 67,000 in 1997, more than quadruple the level of a decade earlier. Tourism earned $67 million in foreign exchange for Palau in 1996, (which is 1,000 dollars per person) accounting for roughly half of GDP. Arrivals from Asian countries dropped in 1998 and 1999 due to the regional economic downturn and the depreciation of many Asian currencies against the dollar, which made Palau's dollar-denominated prices more expensive.

The service sector dominates the Palauan economy, contributing more than 80% of GDP and employing three-quarters of the work force. The government alone employs nearly 30% of workers. One of the government's main responsibilities is administering external assistance.

Construction is the most important industrial activity, contributing over 9% of GDP. Several large infrastructure projects, including the rebuilding of the bridge connecting Koror and Babeldaob Islands after its collapse in 1996 and the construction of a highway around the rim of Babeldaob, boosted activity at the end of the 1990s.

Agriculture is mainly on a subsistence level, the principal crops being coconuts, root crops, and bananas. Fishing is a potential source of revenue, but the islands' tuna output dropped by over one-third during the 1990s.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Palau"

Global Tenders has one of the largest database of international and national tenders/competitive bids, procurement news, project information, contract awards, related to Palau from all over the world..

This section contains economy and business opportunities and from Palau.
Palau Economy Palauan Economy, business opportunities in Palau.
Summary:
1)Ngardmau Secondary Compact Access Road Paving & Waterline Project Phase-III 2) Ngeremlengui Dispensary Road Paving Project Phase-II 3) Mechebechubel to Nekken Road Paving Project Phase-IV 4) Meltelatel Road Paving Project Phase-IX 5) Mongami Road Paving Project Phase-VIII 6) Ngesaol Road Rehabilitation Project Phase-II.
Country:
Palau
 
Notice Type:
Tender Notice
Deadline:
17 May 2024
Posting Date:
30 Mar 2024
 
 
 
Summary:
Provision of 1) Elab to Ulimang Road Paving Project Phase-X 2) Ngkeklau to Ulimang Road Paving Project Phase-VII 3) Capitol to Dispensary Road Paving Project Phase-IV 4) Ngerngesang to Shimizu Road Paving Project Phase-III 5) Shimizu to Ngerngesang Road Paving Project Phase-XV.
Country:
Palau
 
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
30 Mar 2024
 
 
 
Summary:
Provision of to assist the Ministry of Education in providing course work for Palau School Teachers leading towards a Bachelor's Degree in Special Education for Project Year 2023-2024.
Country:
Palau
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
30 Mar 2024
 
 
 
Summary:
Provision of to assist the Palau Special Education Program of the Ministry of Education in recruiting an Instructional Coach for Special Education Teachers, Case Management Training & Program Procedures Manual Review.
Country:
Palau
 
Notice Type:
Tender Notice
Deadline:
14 May 2024
Posting Date:
30 Mar 2024
 
 
 
Summary:
Provision for to assist in Designing a Legislation for a Non-Resident Corporate Registry
Country:
Palau
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
30 Mar 2024
 
 
 

Key Features

  • • 50000 + notices daily
  • • Daily Email alerts
  • • Personal dashboard
  • • Website Access
  • • Weekly Excel
  • • Market Reports
  • • Analytics
  • • Customer support

Quick Links