, ITU, OPCW, PIF, Sparteca, UN, UNCTAD, UNESCO, WHO

Diplomatic representation in the US:
chief of mission: Ambassador Banny DE BRUM
chancery: 2433 Massachusetts Avenue NW, Washington, DC 20008
telephone: [1] (202) 234-5414
FAX: [1] (202) 232-3236
consulate(s) general: Honolulu

Diplomatic representation from the US:
chief of mission: Ambassador Greta N. MORRIS
embassy: Oceanside, Mejen Weto, Long Island, Majuro
mailing address: P. O. Box 1379, Majuro, Republic of the Marshall
Islands 96960-1379
telephone: [692] 247-4011
FAX: [692] 247-4012

Flag description:
blue with two stripes radiating from the lower hoist-side corner -
orange (top) and white; there is a white star with four large rays
and 20 small rays on the hoist side above the two stripes

Economy Marshall Islands

Economy - overview:
US Government assistance is the mainstay of this tiny island
economy. Agricultural production, primarily subsistence, is
concentrated on small farms; the most important commercial crops are
coconuts and breadfruit. Small-scale industry is limited to
handicrafts, tuna processing, and copra. The tourist industry, now a
small source of foreign exchange employing less than 10% of the
labor force, remains the best hope for future added income. The
islands have few natural resources, and imports far exceed exports.
Under the terms of the Amended Compact of Free Association, the US
will provide millions of dollars per year to the Marshall Islands
(RMI) through 2023, at which time a Trust Fund made up of US and RMI
contributions will begin perpetual annual payouts. Government
downsizing, drought, a drop in construction, the decline in tourism
and foreign investment due to the Asian financial difficulties, and
less income from the renewal of fishing vessel licenses have held
GDP growth to an average of 1% over the past decade.

GDP (purchasing power parity):
$115 million (2001 est.)

GDP - real growth rate:
1% (2001 est.)

GDP - per capita:
purchasing power parity - $1,600 (2001 est.)

GDP - composition by sector:
agriculture: 14%
industry: 16%
services: 70% (2000 est.)

Labor force:
28,700 (1996 est.)

Labor force - by occupation:
agriculture 21.4%, industry 20.9%, services 57.7%

Unemployment rate:
30.9% (1999 est.)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: NA
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