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Federated States of Micronesia


Bandera de Canadá
Official Name:
Federated States of Micronesia
Area:
702 km 2
Population (2007):
107.862 inhabitants
Coastline:
6.112 km
Capital:
Palikir
Maritime Ports and terminals:
Tomil Harbor
Maritime claims:
  • Territorial sea: 12 nm
  • Exclusive economic zone: 200 nm
Political divisions:
4 states; Chuuk (Truk), Kosrae (Kosaie), Pohnpei (Ponape), Yap
Language(s):
English (official and common language), Trukese, Pohnpeian, Yapese, Kosrean, Ulithian, Woleaian, Nukuoro, Kapingamarangi
National holiday:
Independence Day, 15 September (1821)
Nationality:
Micronesian(s)
Official time:
UTC 11.
Member of:
ACP, AsDB, FAO, G-77, IBRD, ICAO, ICRM, IDA, IFC, IFRCS, IMF, IOC, ITU, MIGA, OPCW, PIF, Sparteca, SPC, UN, UNCTAD, UNESCO, WHO, WMO
Internet country code:
.fm

Economic Profile

Currency:
Canadian Dollar
US dollar (USD)
GDP - per capita (PPP):
USD2,300 (2005 est.)
GDP (official exchange rate):
(2006 est.) USD 232.000.000
PIB (Real growth rate:
0,3% (2005 est.)
GDP (Composition by sector): (2004 est.)
  • Agriculture: 28,9%
  • Industry: 15,2%
  • Services: 55,9%
Labor force:
37.410 (2000 est.)
Labor force - by occupation (2005):
  • Agriculture 0,9%
  • Industry: 34,4%
  • Services 64,7%
Unemployment rate:
22% (2000 est.)
Inflation rate (Consumer prices):
2,2% (2005 est)
Investment (Gross Fixed):
ND
Budget:
  • Revenues: USD 127.300.000
  • Expenditures: USD 144.200.000
Public debt:
ND
Current account balance:
USD -34.300.000 (2005 est.)
Exports:
USD 14.000.000 FOB (2004 est.)
Exports - Commodities:
Fish, garments, bananas, black pepper, sakau (kava), betel nut
Exports - Partners:
Japan, US, Guam (2004)
Imports:
USD 132.700.000 FOB (2004 est.)
Imports - Commodities:
Food, manufactured goods, machinery and equipment, beverages
Imports - partners:
US, Japan, Hong Kong (2004)
Reserves of foreign exchange and gold:
ND
Debt - external:
USD60.800.000 (2005)


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