(202) 223-4391
consulate(s) general: Honolulu and Tamuning (Guam)

Diplomatic representation from the US:
chief of mission: Ambassador (vacant); Charge d'Affaires Cheryl MARTIN
embassy: address NA, Kolonia
mailing address : P. O. Box 1286, Pohnpei, Federated States of
Micronesia 96941
telephone: [691] 320-2187
FAX: [691] 320-2186

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

Economy

Economy - overview: 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. 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. Geographical isolation and a
poorly developed infrastructure are major impediments to long-term
growth.

GDP: purchasing power parity - $205 million (1994 est.)
note: GDP is supplemented by grant aid, averaging perhaps $100 million
annually

GDP - real growth rate: 1.4% (1994 est.)

GDP - per capita: purchasing power parity - $1,700 (1994 est.)

GDP - composition by sector:
agriculture: NA%
industry: NA%
services: NA%

Inflation rate - consumer price index: 4% (1994 est.)

Labor force: NA
by occupation: two-thirds are government employees

Unemployment rate: 27% (1989)

Budget:
revenues: $45 million
expenditures: $31 million, including capital expenditures of $NA
(FY94/95 est.)

Industries: tourism, construction, fish processing, craft items from
shell, wood, and pearls

Industrial production growth rate: NA%

Electricity - capacity: 38,500 kW (1995)

Electricity - production: NA kWh

Electricity - consumption per capita: NA kWh

Agriculture - products: black pepper, tropical fruits and vegetables,
coconuts, cassava (tapioca), sweet potatoes; pigs, chickens

Exports:
total value: $29.1 million (f.o.b., 1994 est.)
commodities : fish, garments, bananas, black pepper
partners: Japan, US, Guam

Imports:
total value: $141.1 million (c.i.f., 1994 est.)
commodities: food, manufactured goods, machinery and equipment,
beverages
partners: US, Japan, Australia

Debt - external: $129 million

Economic aid:
recipient: under terms of the Compact of Free Association, the US will
provide $1.3 bill