Marshall Islands (2002) | Marshall Islands (2003) | |
Age structure | 0-14 years: 49.1% (male 18,443; female 17,704)
15-64 years: 48.9% (male 18,347; female 17,628) 65 years and over: 2% (male 720; female 788) (2002 est.) |
0-14 years: 39.1% (male 11,233; female 10,819)
15-64 years: 58.2% (male 16,857; female 16,003) 65 years and over: 2.7% (male 726; female 791) (2003 est.) |
Airports | 17 (2001) | 15 (2002) |
Birth rate | 44.98 births/1,000 population (2002 est.) | 34.18 births/1,000 population (2003 est.) |
Death rate | 6.07 deaths/1,000 population (2002 est.) | 5.03 deaths/1,000 population (2003 est.) |
Debt - external | $86.5 million | $86.5 million (FY 99/00 est.) |
Economic aid - recipient | approximately $39 million annually from the US | more than $1 billion from the US, 1986-2002 |
Economy - overview | US Government assistance is the mainstay of this tiny island economy. Agricultural production is primarily subsistence and is concentrated on small farms; the most important commercial crops are coconuts and breadfruit. Small-scale industry is limited to handicrafts, tuna processing, and copra. The tourist industry, now a small source of foreign exchange employing less than 10% of the labor force, remains the best hope for future added income. The islands have few natural resources, and imports far exceed exports. Under the terms of the Compact of Free Association, the US provides roughly $39 million in annual aid. Negotiations have continued for an extended agreement. Government downsizing, drought, a drop in construction, the decline in tourism and foreign investment due to the Asian financial difficulties, and less income from the renewal of fishing vessel licenses have held GDP growth to an average of 1% over the past decade. | US Government assistance is the mainstay of this tiny island economy. Agricultural production is primarily subsistence and is concentrated on small farms; the most important commercial crops are coconuts and breadfruit. Small-scale industry is limited to handicrafts, tuna processing, and copra. The tourist industry, now a small source of foreign exchange employing less than 10% of the labor force, remains the best hope for future added income. The islands have few natural resources, and imports far exceed exports. Under the terms of the Compact of Free Association, the US has provided more than $1 billion in aid since 1986. Negotiations have continued for an extended agreement. Government downsizing, drought, a drop in construction, the decline in tourism and foreign investment due to the Asian financial difficulties, and less income from the renewal of fishing vessel licenses have held GDP growth to an average of 1% over the past decade. |
Exchange rates | the US dollar is used | the US dollar is the legal tender |
Exports - commodities | copra cake, coconut oil, handicrafts | copra cake, coconut oil, handicrafts, fish |
Exports - partners | US, Japan, Australia | US, Japan, Australia, China (2000) |
Imports - partners | US, Japan, Australia, NZ, Singapore, Fiji, China, Philippines | US, Japan, Australia, NZ, Singapore, Fiji, China, Philippines (2000) |
Infant mortality rate | 38.68 deaths/1,000 live births (2002 est.) | total: 31.58 deaths/1,000 live births
male: 35.38 deaths/1,000 live births female: 27.59 deaths/1,000 live births (2003 est.) |
Inflation rate (consumer prices) | 1.9% (1999 est.) | 2% (2001 est.) |
International organization participation | ACP, AsDB, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, IDA, IFC, IMF, IMO, Interpol, ITU, OPCW (signatory), Sparteca, SPC, SPF, UN, UNCTAD, UNESCO, WHO | ACP, AsDB, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, ICCt, IDA, IFC, IMF, IMO, Interpol, ITU, OPCW (signatory), Sparteca, SPC, SPF, UN, UNCTAD, UNESCO, WHO |
Labor force - by occupation | agriculture 21%, industry 21%, services 58% | agriculture 21.4%, industry 20.9%, services 57.7% |
Legislative branch | unicameral Parliament or Nitijela (33 seats; members elected by popular vote to serve four-year terms)
elections: last held 15 November 1999 (next to be held NA November 2003) election results: percent of vote by party - NA%; seats by party - NA note: the Council of Chiefs is a 12-member body that advises on matters affecting customary law and practice |
unicameral Parliament or Nitijela (33 seats; members elected by popular vote to serve four-year terms)
elections: last held 17 November 2003 (next to be held not later than November 2007) election results: percent of vote by party - NA%; seats by party - NA note: the Council of Chiefs is a 12-member body that advises on matters affecting customary law and practice |
Life expectancy at birth | total population: 66.18 years
male: 64.35 years female: 68.09 years (2002 est.) |
total population: 69.39 years
male: 67.49 years female: 71.4 years (2003 est.) |
Merchant marine | total: 270 ships (1,000 GRT or over) totaling 11,807,839 GRT/19,332,014 DWT
ships by type: bulk 82, cargo 14, chemical tanker 24, combination ore/oil 4, container 46, liquefied gas 8, multi-functional large-load carrier 1, petroleum tanker 88, vehicle carrier 3 note: the ship's register of the Marshall Islands is a flag of convenience register since essentially none of the vessels on it is owned domestically, includes the following foreign-owned ships registered here as a flag of convenience: China 1, Cyprus 1, Denmark 9, Germany 70, Greece 54, Hong Kong 2, Japan 4, Monaco 8, Netherlands 8, Norway 10, Poland 16, Singapore 1, Turkey 6, United Kingdom 3, United States 87, Uruguay 1 (2002 est.) |
total: 342 ships (1,000 GRT or over) 14,471,690 GRT/23,802,896 DWT
ships by type: bulk 86, cargo 18, chemical tanker 31, combination bulk 4, combination ore/oil 7, container 69, liquefied gas 8, multi-functional large-load carrier 1, passenger 6, petroleum tanker 106, roll on/roll off 1, short-sea passenger 1, vehicle carrier 4 note: the ship's register of the Marshall Islands is a flag of convenience register since essentially none of the vessels on it is owned domestically; includes the following foreign-owned ships registered here as a flag of convenience: China 1, Cyprus 1, Denmark 9, Germany 70, Greece 54, Hong Kong 2, Japan 4, Monaco 8, Netherlands 8, UK 3, US 87, Uruguay 1 (2002 est.) |
Net migration rate | 0 migrant(s)/1,000 population (2002 est.) | -6.18 migrant(s)/1,000 population (2003 est.) |
Population | 73,630 (July 2002 est.) | 56,429 (July 2003 est.) |
Population growth rate | 3.89% (2002 est.) | 2.3% (2003 est.) |
Radios | NA | - |
Sex ratio | at birth: 1.05 male(s)/female
under 15 years: 1.04 male(s)/female 15-64 years: 1.04 male(s)/female 65 years and over: 0.91 male(s)/female total population: 1.04 male(s)/female (2002 est.) |
at birth: 1.05 male(s)/female
under 15 years: 1.04 male(s)/female 15-64 years: 1.05 male(s)/female 65 years and over: 0.92 male(s)/female total population: 1.04 male(s)/female (2003 est.) |
Total fertility rate | 6.49 children born/woman (2002 est.) | 4.12 children born/woman (2003 est.) |