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The Road to Recovery: Further Updating the Economic Impact of COVID-19 and Strategies for Mitigation in the Republic of Palau
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The Road to Recovery: Further Updating the Economic Impact of COVID-19 and Strategies for Mitigation in the Republic of Palau
This update of an earlier EconMAP COVID impact assessment reviews of the impact of the COVID-19 global pandemic on the economy of Palau in FY20. It analyzes the various mitigation programs initiated by Palau with support from the Asian Development Bank and the and United States, together with their impact on household incomes. The Palau economy for FY21 is projected, when the full impact of the pandemic is realized, and following the implementation of the COVID-19 vaccination program.
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The Road to Recovery: Further Updating the Economic Impact of COVID-19 and Strategies for Mitigation in the Republic of Palau
Posted Feb 26, 2021
This update of an earlier EconMAP COVID impact assessment reviews of the impact of the COVID-19 global pandemic on the economy of Palau in FY20. It analyzes the various mitigation programs initiated by Palau with support from the Asian Development Bank and the and United States, together with their impact on household incomes. The Palau economy for FY21 is projected, when the full impact of the pandemic is realized, and following the implementation of the COVID-19 vaccination program.
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Palau FY23 Economic Review
Posted Jan 19, 2024 | version 1
The 2023 Palau Economic Review provides an overview of the recent economic performance of the Republic of Palau, including information on gross national income, employment, inflation, and wages. It discusses the impact of COVID-19 mitigation programs on household incomes, tourism developments and policy, fiscal performance and reform, external debt, public financial management, state-owned enterprise reform, the financial sector, private sector development, compact renewal, and the economic and fiscal outlook. The document also addresses policy issues and statistical issues. It is a comprehensive assessment of Palau's economic performance and policy environment, providing valuable insights for policymakers and researchers.
Filed Under:
Palau FY24 Economic Review
Posted Oct 21, 2024 | version 1
The Palau Economic Review 2024 provides a comprehensive analysis of Palau's economic performance, policy environment, and future outlook. The report highlights key factors such as an 8.3% projected GDP growth for FY2024 as the economy recovers from the impact of COVID-19. It examines challenges like high inflation, a weak tourism recovery, and the fiscal effects of tax reform, which introduced the Palau Goods and Services Tax (PGST). The report also addresses critical areas such as external debt, public financial management, and social security risks, offering valuable insights for policymakers, investors, and stakeholders in Palau's economic future. Download the full review to explore the detailed analysis and recommendations.
October 11, 2024
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