A%

Inflation rate (consumer prices): 4% (1996 est.)

Labor force: NA

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

Unemployment rate: 27% (1989)

Budget:
revenues: $58 million
expenditures: $52 million, including capital expenditures of $4.7
million (FY95/96 est.)

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

Industrial production growth rate: NA%

Electricity--production: NA kWh

Electricity--production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%

Electricity--consumption: NA kWh

Electricity--exports: NA kWh

Electricity--imports: NA kWh

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

Exports: $73 million (f.o.b., 1996 est.)

Exports--commodities: fish, garments, bananas, black pepper

Exports--partners: Japan, US, Guam

Imports: $168 million (c.i.f., 1996 est.)

Imports--commodities: food, manufactured goods, machinery and
equipment, beverages

Imports--partners: US, Japan, Australia

Debt--external: $129 million

Economic aid--recipient: $77.4 million (1995); note?under terms of
the Compact of Free Association, the US will provide $1.3 billion in
grant aid during the period 1986-2001

Currency: 1 United States dollar (US$) = 100 cents

Exchange rates: US currency is used

Fiscal year: 1 October--30 September

Communications

Telephones: 960

Telephone system:
domestic: islands interconnected by shortwave radiotelephone (used
mostly for government purposes)
international: satellite earth stations--4 Intelsat (Pacific Ocean)

Radio broadcast stations: AM 5, FM 1, shortwave 1

Radios: 17,000 (1993 est.)

Television broadcast stations: 2 (1997)

Televisions: 1,290 (1993 est.)

Transportation

Railways: 0 km

Highways:
total: 240 km
paved: 42 km
unpaved: 198 km (1996 est.)

Ports and harbors: Colonia (Yap), Kolonia (Pohnpei), Lele, Moen

Merchant marine: none

Airports: 6 (1998 est.)

Airports--with paved runways:
total: 5
1,524 to 2,437 m: 4
914 to 1,523 m: 1 (1998 est.)

Airports--with unpaved runways:
total: 1
914 to 1,523 m: 1 (1998 est.)

Military

Military--note: Federated States of Micronesia (FSM) is a
sovereign, self-governing state in free association with the US; FSM
is totally dependent on the US