Micronesia, Federated States of
Introduction Key Economic Facts U.S. Embassy The Federated States of Micronesia is a subregion of Income Level (by per capita Lower Middle Income U.S. Embassy Kolonia Oceania, which is comprised of four major island groups GNI): 1286 U.S. Embassy Pl. totaling 607 islands in the western Pacific Ocean. The GDP, PPP (current international $0.40 billion (2018) Kolonia, Pohnpei, FM 96941 Philippines and Indonesia lie to the west. $): https://fm.usembassy.gov The government system is a federal GDP growth (annual %): 0.21% (2018) republic in free association with the United GDP per capita, PPP (current $3,547.98 (2018) States. The chief of state and head of international $): government is the president. Micronesia Manufacturing, value added (% 0.49% (2018) has a traditional economic system where economic activity of GDP): consists primarily of subsistence farming and fishing. Current account balance (BoP, $0.02 billion (2014) current US$): Inflation, consumer prices 0.52% (2017) (annual %): Imports of goods and services $0.26 billion (2018) (current US$): Exports of goods and services $0.14 billion (2018) (current US$):
Location: Oceania, Micronesia Capital City: Palikir (+11 GMT) Chief of State: President David W. Panuelo Head of Govt.: President David W. Panuelo Currency: US dollar (USD) GDP Composition % Agriculture Services Industry Manufacturing Major Languages:
English (official and common language), Chuukese, Kosrean, Pohnpeian, Yapese, Ulithian, 67 Woleaian, Nukuoro, 23 Kapingamarangi
5 0Primary Religions:
Roman Catholic 54.7%, *Although Manufacturing is included in the Industry figures, it is also separately Protestant 41.1% (includes reported because it plays a critical role in economy. Congregational 38.5%, Baptist 1.1%, Rankings Seventh Day Adventist 0.8%, Assembly of God .7%), Mormon 1.5%, Index Rank other 1.9%, none 0.7%, unspecified Index of Economic Freedom 148 / 179 0.1% (2010 estimate)
Calling Code: 691 Voltage: 120Key Websites Main Government Page: fsmgov.org
Country Memo Provided by: globalEDGE.msu.edu and EXPORT.GOV