(The westernmost island group became Palau.) In 2018, Micronesia's exports per capita were $1.15k and its imports per capita were $1.08k.
The Gross Domestic Product (GDP) in Micronesia was worth 0.40 billion US dollars in 2018, according to official data from the World Bank and projections from Trading Economics. Economic activity consists largely of subsistence farming and fishing, and government, which employs two-thirds of the adult working population and receives funding largely - 58% in 2013 – from Compact of Free Association assistance provided by the US.
)English (official and common language), Chuukese, Kosrean, Pohnpeian, Yapese, Ulithian, Woleaian, Nukuoro, KapingamarangiRoman Catholic 54.7%, Protestant 41.1% (includes Congregational 38.5%, Baptist 1.1%, Seventh Day Adventist 0.8%, Assembly of God 0.7%), Mormon 1.5%, other 1.9%, none 0.7%, unspecified 0.1% (2010 est.) Continue reading
The male and female populations are broken down into 5-year age groups represented as horizontal bars along the vertical axis, with the youngest age groups at the bottom and the oldest at the top. The islands have few commercially valuable mineral deposits. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. The US and the Federated States of Micronesia (FSM) negotiated a second (amended) Compact agreement in 2002-03 that took effect in 2004. Economy And Foreign Aid. The amended Compact also develops a trust fund for the FSM that will provide a comparable income stream beyond 2024 when Compact grants end.The country's medium-term economic outlook appears fragile because of dependence on US assistance and lackluster performance of its small and stagnant private sector.taro, yams, coconuts, bananas, cassava (manioc, tapioca), sakau (kava), Kosraen citrus, betel nuts, black pepper, fish, pigs, chickenstourism, construction; specialized aquaculture, craft items (shell and wood)food, beverages, clothing, computers, household electronics, appliances, manufactured goods, automobiles, machinery and equipment, furniture, tools
Independence came in 1986 under a Compact of Free Association (COFA) with the US, which was amended and renewed in 2004. Subsistence and Commercial Activities. Federated States of Micronesia - Economic Indicators Economic Overview Economic activity consists largely of subsistence farming and fishing, and government, which employs two-thirds of the adult working population and receives funding largely - 58% in 2013 – from Compact of Free Association assistance provided by the US. )islands interconnected by shortwave radiotelephone (used mostly for government purposes), satellite (Intelsat) ground stations, and some coaxial and fiber-optic cable; mobile-cellular service available on the major islandscountry code - 691; satellite earth stations - 5 Intelsat (Pacific Ocean); in 2015, Fiber Optic was launched and is the primary communication path to the outside world (2016)bulk carrier 2, general cargo 63, oil tanker 6, other 17 (2017)Colonia (Tamil Harbor), Molsron Lele Harbor, Pohnepi Harbor © 2020 Moody’s Analytics, Inc. and/or its affiliates and licensors.
Economic Data, Research, Advisory, Forecasting
Course Description: This course introduces students to basic economic structures of the Freely Associates States with more emphasis on development aspect of the Federated States of Micronesia’s economy. The islands have few mineral deposits worth exploiting, except for high-grade phosphate. no TV broadcast stations; each state has a multi-channel cable service with TV transmissions carrying roughly 95% imported programming and 5% local programming; about a half-dozen radio stations (2009)
Economic activity consists largely of subsistence farming and fishing, and government, which employs two-thirds of the adult working population and receives funding largely - 58% in 2013 – from Compact of Free Association assistance provided by the US. Chuukese/Mortlockese 49.3%, Pohnpeian 29.8%, Kosraean 6.3%, Yapese 5.7%, Yap outer islanders 5.1%, Polynesian 1.6%, Asian 1.4%, other 0.8% (2010 est.
Under the terms of the original Compact, the US provided $1.3 billion in grants and aid from 1986 to 2001. © 2020 Moody’s Analytics, Inc. and/or its affiliates and licensors. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The potential for tourism is limited by isolation, lack of adequate facilities, and limited internal air and water transportation.Under the terms of the original Compact, the US provided $1.3 billion in grants and aid from 1986 to 2001. Box 1286, Kolonia, Pohnpei, 96941; U.S. Embassy in Micronesia, 4120 Kolonia Place, Washington, D.C. 20521-4120adopted 1991; also known as "Across All Micronesia"; the music is based on the 1820 German patriotic song "Ich hab mich ergeben", which was the West German national anthem from 1949-1950; variants of this tune are used in Johannes Brahms' "Festival Overture" and Gustav Mahler's "Third Symphony"two-thirds of the labor force are government employees (2013 est. includes Pohnpei (Ponape), Chuuk (Truk) Islands, Yap Islands, and Kosrae (Kosaie)Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Hazardous Wastes, Law of the Sea, Ozone Layer ProtectionMicronesian; Chuukese, Kosraen(s), Pohnpeian(s), YapeseA population pyramid illustrates the age and sex structure of a country's population and may provide insights about political and social stability, as well as economic development.
The GDP value of Micronesia represents less than 0.01 percent of the world economy. Economy of Federated States of Micronesia The economic activity of the Federated States of Micronesia consists primarily of subsistence agriculture and fishing. Current USD
The amended Compact runs for a 20-year period to 2023; during which the US will provide roughly $2.1 billion to the FSM.
Moody’s Analytics.
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