ident; Vice-President Jacob NENA
Congress:
last held on 5 March 1991 (next to be held March 1993); results - percent of
vote NA; seats - (14 total)
Executive branch:
president, vice president, Cabinet
Legislative branch:
unicameral Congress
Judicial branch:
Supreme Court
Leaders:
Chief of State and Head of Government:
President Bailey OLTER (since 21 May 1991); Vice President Jacob NENA (since
21 May 1991)
Member of:
AsDB, ESCAP, ICAO, SPARTECA, SPC, SPF, UN, UNCTAD, WHO
Diplomatic representation in US:
chief of mission:
Ambassador Jesse B. MAREHALAU
chancery:
1725 N St., NW, Washington, DC 20036

*Micronesia, Federated States of, Government

telephone:
(202) 223-4383
US diplomatic representation:
chief of mission:
Ambassador Aurelia BRAZEAL
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:
light blue with four white five-pointed stars centered; the stars are
arranged in a diamond pattern

*Micronesia, Federated States of, 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 l990s. Geographical
isolation and a poorly developed infrastructure are major impediments to
long-term growth.
National product:
GNP - purchasing power equivalent - $150 million (1989 est.)
note:
GNP numbers reflect US spending
National product real growth rate:
NA%
National product per capita:
$1,500 (1989 est.)
Inflation rate (consumer prices):
NA%
Unemployment rate:
NA%
Budget:
revenues $165 million; expenditures $115 million, including capital
expenditures of $20 million (1988)
Exports:
$2.3 million (f.o.b., 1988)
commodities:
copra
partners:
NA
Imports:
$67.7 million (c.i.f., 1988)
commodities:
NA
partners:
NA
External debt:
$NA
Industrial production:
growth rate NA%
Electricity:
18,000 kW capacity; 40 million kWh produced, 380 kWh per capita (1990)
Industries:
tourism, construction, fish processing, craft i