of Micronesia,
10 May (1979)

Executive branch: president, vice president, Cabinet

Legislative branch: unicameral House of Representatives

Judicial branch: Supreme Court

Leaders:
Chief of State and Head of Government--President John R. HAGLELGAM
(since 11 May 1987); Vice President Hiroshi H. ISMAEL (since 11 May 1987)

Political parties and leaders: no formal parties

Suffrage: universal at age 18

Elections:
President--last held 11 May 1987 (next to be held May 1991);
results--John R. Haglelgam was elected;

House of Representatives--last held on NA (next to be held NA);
results--percent of vote NA;
seats--(NA total)

Communists: none

Member of: SPF, ESCAP (associate)

Diplomatic representation: Deputy Representative Jesse B. MAREHALAN;
Representative Office at 706 G Street SE, Washington DC 20003;
telephone (202) 544-2640;
US--Representative Michael G. WYGANT; US Office at address NA, Kolonia
(mailing address is P. O. Box 1286, Pohnpei, Federated States of Micronesia
96941); telephone 691-320-2187

Flag: light blue with four white five-pointed stars centered; the stars
are arranged in a diamond pattern

- Economy
Overview: Financial assistance from the US is the primary source
of revenue, with the US pledged to spend $1 billion in the islands in the 1990s.
Micronesia also earns about $4 million a year in fees from foreign commercial
fishing concerns. Economic activity consists primarily of subsistence farming
and fishing. The islands have few mineral deposits worth exploiting,
except for high-grade phosphate. The potential for a tourist industry
exists, but the remoteness of the location and a lack of adequate
facilities hinder development; note--GNP numbers reflect US spending.

GNP: $150 million, per capita $1,500; real growth rate NA% (1989 est.)

Inflation rate (consumer prices): NA%

Unemployment rate: 80%

Budget: revenues $110.8 million; expenditures NA, including
capital expenditures of NA (1987 est.)

Exports: $1.6 million (f.o.b., 1983); commodities--copra;
partners--NA

Imports: $48.9 million (c.i.f., 1983); commodities--NA;
partners--NA

External debt: $NA

Industrial production: growth rate NA%

Electricity: 15,000 kW capacity; 35 million kWh produced,
340 kWh per capita (1989)

Industries: tourism, craft items from shell, wood, and pearl

Agriculture: mainly a subsistence economy; copra, black pepper; tropical
fruits and vegetables, coconuts, cassava, sweet potato