A: Palau lies on the geographical coordinates of 7° 30' 0" N, 134° 30' 0" E.
Latitude and Longitude of Palau in other units:
|Latitude and Longitude to decimals||7.5||134.5|
|Latitude and Longitude to degrees minutes seconds||7° 30' 0" N||134° 30' 0" E|
|Latitude/Longitude to UTM Reference|
|UTM Northing:829054.1503671301 Easting:444834.678054582 Zone:53N|
More detail about Palau
Palau Working on Making Improvements
The rock islands of Palau make this nation one of a kind. It has true beauty which is why its economy is making a better start at growth. Their economy is made up mostly of fishing and subsistence agriculture and the government takes care of a large part of the workforce. They rely greatly on the financial assistance that they receive from the United States.
At the moment, considering its few other industries that Palau has, it is making progress with the tourism industry. This is to be a long term project and with the expanding air travel in the Pacific areas, there is much more prospect to this industry. There is talk that there will be more tourism from the East Asian countries.
While there was a slump during the Asian financial crisis in 1997 and some impact felt from the global financial crisis, the tourism industry is growing and there are many reasons for this. There are plenty of opportunities to scuba dive and snorkel around the marine coastlines. The famous Floating Garden Islands are part of this territory and they contribute largely to these occupations.
Since there are improvements being made to the tourism sector to increase the revenues, they still rely on the service sector to bring in the majority of their income. This sector provides almost three quarters of the jobs and almost a third are provided by the government.
The country is a part of the Compact of Free Association with the United States. They are set to receive hundreds of millions of dollars worth of assistance over a 15 years and they are permitted to be involved with over 40 different federal programs. This assistance will help them get on their feet and to create opportunities to be more self-sufficient with a number of industries and not just tourism.