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Micronesia

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Country summary

Capital

Palikir

Borders

(N/A)

Government type

constitutional government in free association with the US; the Compact of Free Association entered into force on 3 November 1986 and the Amended Compact entered into force in May 2004

Population

107,434 (July 2010 est.)[1]

Population growth

-0.238% (2010 est.)[1]

Life expectancy

70.94 years[1]

Unemployment

22% (2000 est.)[1]

Index of Economic Freedom

142[2]

Doing Business ranking

127[3]


In 1979 the Federated States of Micronesia, a UN Trust Territory under US administration, adopted a constitution. In 1986 independence was attained under a Compact of Free Association with the US, which was amended and renewed in 2004. Present concerns include large-scale unemployment, overfishing, and overdependence on US aid.[1]

Economical characteristicsEdit

  • Currency: United States Dollar (ISO code: USD)
  • This country does not seem to have a central bank.
  • Central bank discount rate: [1]
  • Commercial banks lending rate: 15.38% (31 December 2009 )[1]
  • Stock of money (M1): $21.21 million (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $76.8 million (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[4] 213 226 231 235 238 232 243 247 253 258
Govt. debt (% of GDP)[5]
Govt. revenue (% of GDP)[6]
Govt. expenses (% of GDP)[7]
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Micronesia", from The World Facebook. Referenced 2010-10-05.
  2. Heritage Foundation. "Micronesia", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  3. Doing Business. "France", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  4. World Bank. "Micronesia: GDP", from World Bank Data. Referenced 2010-10-05.
  5. World Bank. "Micronesia: government debt", from World Bank Data. Referenced 2010-10-05.
  6. World Bank. "Micronesia: government revenue", from World Bank Data. Referenced 2010-10-05.
  7. World Bank. "Micronesia: government expenses", from World Bank Data. Referenced 2010-10-05.

External linksEdit

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