Micronesia (Federated States of Micronesia) Economic Statistics and Indicators

23, Sep 2018, EDT. Welcome to the Micronesia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Micronesia, Federated States of (Federated States of Micronesia) › Change country
National or Regional Currency: US Dollar, US$
Year of data: 2015 › Change year
Number of Indicators Listed: 26
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 105,681 (July 2014 est.)
Area: total: 702 sq km ; land: 702 sq km ; water: 0 sq km (fresh water only) ; note: includes Pohnpei (Ponape), Chuuk (Truk) Islands, Yap Islands, and Kosrae (Kosaie)
Natural Resources: timber, marine products, deep-seabed minerals, phosphate
Capital: name: Palikir ; geographic coordinates: 6 55 N, 158 09 E ; time difference: UTC+11 (16 hours ahead of Washington, DC, during Standard Time)

Economic activity consists of subsistence farming and fishing and government which is funded largely by Compact of Free Association (Compact) assistance provided by the US. The islands have few known mineral deposits worth commercial exploration. The potential for tourism is also limited by isolation, lack of adequate facilities, and limited air and water connections hinder development. Under the terms of the original Compact, the US provided $1.3 billion in grants and aid in 1986-2001. The US and the Federated States of Micronesia (FSM) negotiated a second (amended) Compact agreement in 2002-2003 that took effect in 2004. The amended Compact runs for a 20-year period to 2024; during which the US will provide roughly $2.1 billion to the FSM. The amended Compact also includes a Trust Fund for the people of the FSM which is to provide an income stream beyond 2024 when Compact grants are to end. The country's medium-term economic outlook appears fragile because of reduced US assistance and lackluster performance of its small and stagnant private sector.
More on the Micronesia Economy
More on the Micronesia Export, Import and Trade

Economic Indicators for Micronesia 2015

GDP (Constant Prices, National Currency) for Micronesia in year 2015 is US$ 0.23 Billion.

GDP Growth (Constant Prices, National Currency) for Micronesia in year 2015 is -0.165 %.

GDP (Current Prices, National Currency) for Micronesia in year 2015 is US$ 0.318 Billion.

GDP (Current Prices, US Dollars) for Micronesia in year 2015 is US$ 0.318 Billion.

GDP Deflator for Micronesia in year 2015 is 137.959 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Micronesia in year 2015 is US$ 2,227.25 .

GDP Per Capita (Current Prices, National Currency) for Micronesia in year 2015 is US$ 3,072.69 .

GDP Per Capita (Current Prices, US Dollars) for Micronesia in year 2015 is US$ 3,072.69 .

GDP (PPP), US Dollars for Micronesia in year 2015 is US$ 0.306 Billion.

GDP Per Capita (PPP), US Dollars for Micronesia in year 2015 is US$ 2,954.92 .

GDP Share of World Total (PPP) for Micronesia in year 2015 is -- %.

Implied PPP Conversion Rate for Micronesia in year 2015 is 1.04 .

Inflation, Average Consumer Prices (Indexed to Year 2000) for Micronesia in year 2015 is 127.062 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Micronesia in year 2015 is -1.049 %.

Inflation, End of Year (Indexed to Year 2000) for Micronesia in year 2015 is 127.042 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Micronesia in year 2015 is -1.049 %.

Population for Micronesia in year 2015 is 0.103 Million .

General government revenue (National Currency) for Micronesia in year 2015 is US$ 0.2 Billions.

General government revenue (% of GDP) for Micronesia in year 2015 is 62.834 %.

General government total expenditure (National Currency) for Micronesia in year 2015 is US$ 0.19 Billions.

General government total expenditure (% of GDP) for Micronesia in year 2015 is 59.788 %.

Total Government Net Lending/ Borrowing (National Currency) for Micronesia in year 2015 is US$ 0.01 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Micronesia in year 2015 is 3.046 %.

Fiscal Year Gross Domestic Product, Current Prices for Micronesia in year 2015 is US$ 0.318 Billions.

Current Account Balance (US Dollars) for Micronesia in year 2015 is US$ 0.003 Billion.

Current Account Balance (% GDP) for Micronesia in year 2015 is 1.024 %.

* Source: IMF
Aggregate Indicators for Micronesia
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Micronesia
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Micronesia
  Natural Resources, Agricultural Products, Land Use and Water Use for Micronesia
  Nationality, Ethnic Groups, Languages and Religions for Micronesia
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Micronesia
  Age Structure, Median Age, Gender and Urbanization for Micronesia
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Micronesia
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Micronesia
  HIV, AIDS and Other Major Infectious Disease Rates for Micronesia
  Literacy Rate, Educational Expenditure and School Life Expectancy for Micronesia
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Micronesia
  Industries and Industrial Growth Production Rate for Micronesia
  Labor Force by Occupation for Micronesia
  Poverty Line, Gini Index, Household Income and Consumption for Micronesia
  National Budget and Public Debt for Micronesia
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Micronesia
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Micronesia
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Micronesia
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Micronesia
  Foreign Exchange Reserves and Gold Reserves for Micronesia
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Micronesia
  Exchange Rate Statistics for Micronesia
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Micronesia
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Micronesia
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Micronesia
  Television and Radio Statistics (TV Stats, Radio Stats) for Micronesia
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Micronesia
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Micronesia
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Micronesia
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Micronesia
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Micronesia
* Source: CIA
Internet Indicators for Micronesia
Indicators
  Number of Internet Users for Micronesia
  Internet Penetration Rate for Micronesia
  Number of Facebook Accounts for Micronesia
  Facebook Penetration Rate for Micronesia
* Source: IWS
Economic Freedom Indicators for Micronesia
Indicators
  Economic Freedom World Rank for Micronesia
  Government Spending for Micronesia
  Monetary Freedom for Micronesia
  Investment Freedom for Micronesia
  Financial Freedom for Micronesia
  Property Rights for Micronesia
  Economic Freedom Regional Ranking for Micronesia
  Freedom from Corruption for Micronesia
  Labor Freedom for Micronesia
  Tariff Rate for Micronesia
  Income Tax Rate for Micronesia
  Corporate Tax Rate for Micronesia
  Tax Burden % of GDP for Micronesia
  Government Expenditure % of GDP for Micronesia
  Business Freedom for Micronesia
  Trade Freedom for Micronesia
  Fiscal Freedom for Micronesia
  2016 Score for Micronesia
* Source: HFO
Micronesia Economic Indicators in other Years
  Micronesia Economic Indicators for Year 2021 (Forecast)
  Micronesia Economic Indicators for Year 2020 (Forecast)
  Micronesia Economic Indicators for Year 2019 (Forecast)
  Micronesia Economic Indicators for Year 2018 (Forecast)
  Micronesia Economic Indicators for Year 2017 (Forecast)
  Micronesia Economic Indicators for Year 2016 (Forecast)
Micronesia Economic Indicators for Year 2015 (Current)
  Micronesia Economic Indicators for Year 2014
  Micronesia Economic Indicators for Year 2013
  Micronesia Economic Indicators for Year 2012
  Micronesia Economic Indicators for Year 2011
  Micronesia Economic Indicators for Year 2010
  Micronesia Economic Indicators for Year 2009
  Micronesia Economic Indicators for Year 2008
  Micronesia Economic Indicators for Year 2007
  Micronesia Economic Indicators for Year 2006
  Micronesia Economic Indicators for Year 2005
  Micronesia Economic Indicators for Year 2004
  Micronesia Economic Indicators for Year 2003
  Micronesia Economic Indicators for Year 2002
  Micronesia Economic Indicators for Year 2001
  Micronesia Economic Indicators for Year 2000
  Micronesia Economic Indicators for Year 1999
  Micronesia Economic Indicators for Year 1998
  Micronesia Economic Indicators for Year 1997
  Micronesia Economic Indicators for Year 1996
  Micronesia Economic Indicators for Year 1995
  Micronesia Economic Indicators for Year 1994
  Micronesia Economic Indicators for Year 1993
  Micronesia Economic Indicators for Year 1992
  Micronesia Economic Indicators for Year 1991
  Micronesia Economic Indicators for Year 1990
  Micronesia Economic Indicators for Year 1989
  Micronesia Economic Indicators for Year 1988
  Micronesia Economic Indicators for Year 1987
  Micronesia Economic Indicators for Year 1986
  Micronesia Economic Indicators for Year 1985
  Micronesia Economic Indicators for Year 1984
  Micronesia Economic Indicators for Year 1983
  Micronesia Economic Indicators for Year 1982
  Micronesia Economic Indicators for Year 1981
  Micronesia Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International