Compare the economies of the countries

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Economy power of Norway & Palau

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Norway vs Palau

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Norway Palau
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The Kingdom of Norway is a nation located in Northern Europe and it is one of the Nordic countries. Most of its territory is located on the western and northernmost portion of the Scandinavian Peninsula. However, they also own the archipelago of Svalbard and the Arctic island of Jan Mayen as well as several other minor isles. There are four different bordering nations, namely Sweden, Denmark, Finland and Russia. The Norwegian land covers approximately 385,000 square kilometers  More about Norway 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)

Norway Palau
Position in the ranking of countries 31 (2023) 175 (2023)
GDP [US$] 485,310,823,603 281,849,062
Percentage of the other 172188.2 % 0.1 %

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

Norway Palau
Position in the ranking of countries 27 (2023) 175 (2023)
GNI [US$] 507,846,254,957 266,049,062
Percentage of the other 190884.4 % 0.1 %

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

Norway Palau
Position in the ranking of countries 11 (2023) 66 (2022)
External balance [US$] 71,491,259,072 -155,427,800
Percentage of the other -45996.4 % -0.2 %

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)

Norway Palau
Position in the ranking of countries 11 (2023) 66 (2022)
Unemployment [%] 3.97 -
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)

Norway Palau
Position in the ranking of countries 114 (2023) 189 (2023)
Population 5,519,594 17,727
Percentage of the other 31136.7 % 0.3 %

Population growth (annual %)

Density

Gender

Demography