Statistics
GDP: purchasing power parity - $277 million (2002 est.)
note: GDP is supplemented by grant aid, averaging perhaps $100 million annually
GDP - real growth rate: 1% (2002 est.)
GDP - per capita: purchasing power parity - $3 900 (2002 est.)
GDP - composition by sector:
agriculture: 50%
industry: 4%
services: 46% (2000 est.)
Population below poverty line: 26.7%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 2% (2002 est.)
Labor force: 37,410 (2000)
Labor force - by occupation: two-thirds are government employees
Unemployment rate: 22% (1999 estimate)
Budget:
revenues: $127.3 million ($69 million less grants
expenditures: $144.2 million; including capital expenditures of $17.9 million (FY05 est.)
Industries: tourism, construction, fish processing, craft items from shell, wood, and pearls
Industrial production growth rate: NA%
Electricity - production: 192 million kWh (2002)
Electricity - consumption: 178.6 million kWh (2002)
Electricity - exports: 0 kWh (2002)
Electricity - imports: 0 kWh (2002)
Agriculture - products: black pepper, tropical fruits and vegetables, coconuts, cassava (tapioca), sweet potatoes; pigs, chickens
Exports: $22 million (f.o.b., FY99/2000 est.)
Exports - commodities: fish, garments, bananas, black pepper
Exports - partners: Japan, United States, Guam (2004)
Imports: $82.5 million f.o.b. (FY99/00 est.)
Imports - commodities: food, manufactured goods, machinery and equipment, beverages
Imports - partners: US, Australia, Japan (2004)
Debt - external: $53,1 million (FY02/03 est.)
Economic aid - recipient: $79 million (1998); note - under terms of the Compact of Free Association, the US will provide $1.3 billion in grant aid during the period 1986-2001
Currency: 1 United States dollar (US$) = 100 cents
Exchange rates: US currency is used
Fiscal year: 1 October - 30 September
Read more about this topic: Economy Of The Federated States Of Micronesia
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—Henry David Thoreau (1817–1862)
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