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CompareEconomy.com Comparison of world economies

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Economy power of Micronesia & Palau

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Micronesia vs Palau

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Micronesia Palau
World map with selected countries highlighted.
World Rank 171 1.08 World Rank 153 1.38
Micronesia is the abbreviated form of the Federated States of Micronesia. It is an island country divided into four states. All these states comprise around 607 islands. Their combined land coverage is about 702 square kilometers.  More about Micronesia The Republic of Palau is an island with approximately 340 smaller islands that combined give the area of 466 square kilometers. Located in the western Pacific Ocean, it is the part of the western chain of the Caroline Islands. The most populous island is Koror, but its capital is located on the nearby island of Babeldaob.  More about Palau

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Micronesia Palau
Position in the ranking of countries 174 (2023) 175 (2023)
GDP [US$] 460,000,000 281,849,062
Percentage of the other 163.2 % 61.3 %

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

Gross national income (GNI, Inflation)

Gross national income

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(United States of America (USA))

Micronesia Palau
Position in the ranking of countries 172 (2023) 175 (2023)
GNI [US$] 504,260,500 266,049,062
Percentage of the other 189.5 % 52.8 %

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

Micronesia Palau
Position in the ranking of countries 66 (2023) 66 (2022)
External balance [US$] -184,880,700 -155,427,800
Percentage of the other 118.9 % 84.1 %

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

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(Eswatini)

Micronesia Palau
Position in the ranking of countries 66 (2023) 66 (2022)
Unemployment [%] - -
Percentage of the other - -

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)

Population (total, growth, density, demgraphy)

Total population

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(India)

Micronesia Palau
Position in the ranking of countries 178 (2023) 189 (2023)
Population 112,630 17,727
Percentage of the other 635.4 % 15.7 %

Population growth (annual %)

Density

Gender

Demography