65859
Marshallese (official) 98.2%, other languages 1.8% (1999 census)
MAJURO (capital) 31,000 (2014)
- Conventional long form
- Republic of the Marshall Islands
- Conventional short form
- Marshall Islands
- Local long form
- Republic of the Marshall Islands
- Local short form
- Marshall Islands
presidential republic in free association with the US
- Name
- Majuro
- Geographic coordinates
- 7 06 N, 171 23 E
- Time difference
- UTC+12 (17 hours ahead of Washington, DC, during Standard Time)
accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction
US assistance and lease payments for the use of Kwajalein Atoll as a US military base are the mainstay of this small island country. Agricultural production, primarily subsistence, is concentrated on small farms; the most important commercial crops are coconuts and breadfruit. Industry is limited to handicrafts, tuna processing, and copra. Tourism holds some potential. The islands and atolls have few natural resources, and imports exceed exports.
- Inflation
- None%
- Total tax rate (% of commercial profits)
- 64.8%
- Real Interest Rate
- None%
- Manufacturing, value added (% of GDP)
- 1.082%
- Current Account Balance
- US$ -4,879,369
- Labor Force, Total
- Employment in Agriculture
- 11.03%
- Employment in Industry
- 9.40%
- Employment in Services
- 79.56%
- Unemployment Rate
- 30.90%
- Imports of goods and services
- US$
- Exports of goods and services
- US$
- Total Merchandise Trade
- 104.92%
- FDI, net inflows
- US$ -53,714,000
- Commercial Service Exports
- US$ 10,790,467
coconuts, tomatoes, melons, taro, breadfruit, fruits; pigs, chickens
copra, tuna processing, tourism, craft items (from seashells, wood, and pearls)
- Commodities
- copra cake, coconut oil, handicrafts, fish
- Partners
- Commodities
- foodstuffs, machinery and equipment, fuels, beverages, tobacco
- Partners