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
Famous quotes containing the word statistics:
“and Olaf, too
preponderatingly because
unless statistics lie he was
more brave than me: more blond than you.”
—E.E. (Edward Estlin)
“We ask for no statistics of the killed,
For nothing political impinges on
This single casualty, or all those gone,
Missing or healing, sinking or dispersed,
Hundreds of thousands counted, millions lost.”
—Karl Shapiro (b. 1913)
“Maybe a nation that consumes as much booze and dope as we do and has our kind of divorce statistics should pipe down about “character issues.” Either that or just go ahead and determine the presidency with three-legged races and pie-eating contests. It would make better TV.”
—P.J. (Patrick Jake)