Palau Overview

Palau Economy

Economy Agriculture and self-sufficiency Many people on Palau work in agriculture and are largely self- sufficient with the cultivation of cassava, coconuts, bananas and sweet potatoes. Fishing also plays a role in the livelihood of the people. Only coconuts, copra and a little fish are actually exported. There is almost no industry. But Palau has to import many products, especially machinery, gasoline and food. The residents buy these in shops…

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