ed 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 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 (official exchange rate):
$144 million (2005)

GDP - real growth rate:
3.5% (2005 est.)

GDP - per capita (PPP):
$2,900 (2005 est.)

GDP - composition by sector:
agriculture: 31.7%
industry: 14.9%
services: 53.4% (2004 est.)

Labor force:
14,680 (2000)

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

Unemployment rate:
30.9% (2000 est.)

Population below poverty line:
NA%

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

Inflation rate (consumer prices):
3% (2005 est.)

Budget:
revenues: $42 million
expenditures: $40 million; including capital expenditures of $NA
(1999)

Agriculture - products:
coconuts, tomatoes, melons, taro, breadfruit, fruits; pigs, chickens

Industries:
copra, tuna processing, tourism, craft items from seashells, wood,
and pearls

Industrial production growth rate:
NA%

Electricity - production by source:
fossil fuel: 99%
hydro: 0%
nuclear: 0%
other: 1% (solar)

Exports:
$9.1 million f.o.b. (2000)

Exports - commodities:
copra cake, coconut oil, handicrafts, fish

Exports - partners:
US, Japan, Australia, China (2004)

Imports:
$54.7 million f.o.b. (2000)

Imports - commodities:
foodstuffs, machinery and equipment, fuels, beverages and tobacco

Imports - partners:
US, Japan, Australia, NZ, Singapore, Fiji, China, Philippines (2004)

Debt - external:
$86.5 million (FY99/00 est.)

Economic aid - recipient:
$51.1 million more than $1 billion from the US, 1986-2002 (2004)

Currency (code):
US dollar (USD)

Currency code:
USD

Exchange rates:
the US dollar is used

Fiscal year:
1 October - 30 September

Communications Marshall Islands

Telephones - main lines in use:
5,510 (2004)

Telephones - mobile cellular:
1,198 (2004)

Telephone system: