107708
English (official and common language), Chuukese, Kosrean, Pohnpeian, Yapese, Ulithian, Woleaian, Nukuoro, Kapingamarangi
PALIKIR (capital) 7,000 (2014)
- Conventional long form
- Federated States of Micronesia
- Conventional short form
- none
- Local long form
- Federated States of Micronesia
- Local short form
- none
federal republic in free association with the US
- Name
- Palikir
- Geographic coordinates
- 6 55 N, 158 09 E
- Time difference
- UTC+11 (16 hours ahead of Washington, DC, during Standard Time)
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
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. The islands have few commercially valuable mineral deposits. The potential for tourism is limited by isolation, lack of adequate facilities, and limited internal air and water transportation.
- Inflation
- None%
- Total tax rate (% of commercial profits)
- 60.5%
- Real Interest Rate
- 15.313%
- Manufacturing, value added (% of GDP)
- 0.447%
- Current Account Balance
- US$ 22,407,600
- Labor Force, Total
- Employment in Agriculture
- %
- Employment in Industry
- %
- Employment in Services
- %
- Unemployment Rate
- %
- Imports of goods and services
- US$ 89,800,000
- Exports of goods and services
- US$ 3,600,000
- Total Merchandise Trade
- 91.62%
- FDI, net inflows
- US$ 800,000
- Commercial Service Exports
- US$ 33,420,500
taro, yams, coconuts, bananas, cassava (manioc, tapioca), sakau (kava), Kosraen citrus, betel nuts, black pepper, fish, pigs, chickens
tourism, construction; specialized aquaculture, craft items (shell and wood)
- Commodities
- fish, sakau (kava), betel nuts, black pepper
- Partners
- Commodities
- food, beverages, clothing, computers, household electronics, appliances, manufactured goods, automobiles, machinery and equipment, furniture, tools
- Partners