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Compare Micronesia, Federated States of (2003) - Micronesia, Federated States of (2002)

Compare Micronesia, Federated States of (2003) z Micronesia, Federated States of (2002)

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 Micronesia, Federated States of (2003)Micronesia, Federated States of (2002)
 Micronesia, Federated States ofMicronesia, Federated States of
Age structure 0-14 years: 38.4% (male 21,163; female 20,335)


15-64 years: 58.5% (male 31,746; female 31,477)


65 years and over: 3.2% (male 1,558; female 1,864) (2003 est.)
0-14 years: NA%


15-64 years: NA%


65 years and over: NA%
Agriculture - products black pepper, tropical fruits and vegetables, coconuts, cassava (tapioca), betel nuts, sweet potatoes; pigs, chickens black pepper, tropical fruits and vegetables, coconuts, cassava (tapioca), sweet potatoes; pigs, chickens
Airports 7 (2002) 7 (2001)
Area total: 702 sq km


land: 702 sq km


water: 0 sq km (fresh water only)


note: includes Pohnpei (Ponape), Chuuk (Truk) Islands, Yap Islands, and Kosrae (Kosaie)
total: 702 sq km


land: 702 sq km


water: 0 sq km (fresh water only)


note: includes Pohnpei (Ponape), Chuuk (Truk) Islands, Yap Islands, and Kosrae
Birth rate 26.47 births/1,000 population (2003 est.) NA births/1,000 population
Death rate 5.1 deaths/1,000 population (2003 est.) NA deaths/1,000 population
Debt - external $53.1 million (FY 02/03 est.) $66.5 million
Diplomatic representation from the US chief of mission: Ambassador Larry M. DINGER


embassy: address NA, Kolonia


mailing address: P. O. Box 1286, Kolonia, Pohnpei, Federated States of Micronesia 96941


telephone: [691] 320-2187


FAX: [691] 320-2186
chief of mission: Ambassador Larry DINGER


embassy: address NA, Kolonia


mailing address: P. O. Box 1286, Kolonia, Pohnpei, Federated States of Micronesia 96941


telephone: [691] 320-2187


FAX: [691] 320-2186
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 remote location, a lack of adequate facilities, and limited air connections hinder development. In November 2002, the country experienced a further reduction in future revenues from the Compact of Free Association - the agreement with the US in which Micronesia received $1.3 billion in financial and technical assistance over a 15-year period until 2001. The country's medium-term economic outlook appears fragile due not only to the reduction in US assistance but also to the slow growth of the private sector. Geographical isolation and a poorly developed infrastructure remain major impediments to long-term growth. 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 remote location and a lack of adequate facilities hinder development. In 1996, the country experienced a 20% reduction in revenues from the Compact of Free Association - the agreement with the US in which Micronesia received $1.3 billion in financial and technical assistance over a 15-year period until 2001. Since these revenues accounted for 57% of consolidated government revenues, reduced Compact funding resulted in a severe depression. Economic activity recovered in 1999-2001. The country's medium-term economic outlook appears fragile due to likely further reductions in external grants made under the US Compact funding. Geographical isolation and a poorly developed infrastructure remain major impediments to long-term growth.
Electricity - production by source fossil fuel: 0%


hydro: 0%


nuclear: 0%


other: 0%
fossil fuel: NA%


hydro: NA%


nuclear: NA%


other: NA%
Exchange rates the US dollar is used 1 the US dollar is used
Executive branch chief of state: President Joseph J. URUSEMAL (since 11 May 2003); Vice President Redley KILLION; note - the president is both the chief of state and head of government


head of government: President Joseph J. URUSEMAL (since 11 May 2003); Vice President Redley KILLION; note - the president is both the chief of state and head of government


cabinet: Cabinet


elections: president and vice president elected by Congress from among the four senators at large for four-year terms; election last held 11 May 2003 (next to be held NA May 2007); note - a proposed constitutional amendment to establish popular elections for president and vice president failed


election results: Joseph J. URUSEMAL elected president; percent of Congress vote - NA%; Redley KILLION elected vice president; percent of Congress vote - NA%
chief of state: President Leo A. FALCAM (since 21 July 1999); Vice President Redley KILLION (since 21 July 1999); note - the president is both the chief of state and head of government


head of government: President Leo A. FALCAM (since 21 July 1999); Vice President Redley KILLION (since 21 July 1999); note - the president is both the chief of state and head of government


cabinet: Cabinet


elections: president and vice president elected by Congress from among the four senators-at-large for four-year terms; election last held NA May 1999 (next to be held NA May 2003); note - a proposed constitutional amendment to establish popular elections for president and vice president failed


election results: Leo A. FALCAM elected president; percent of Congress vote - NA%; Redley KILLION elected vice president; percent of Congress vote - NA%
Exports $22 million (f.o.b.) (FY 99/00 est.) $22 million (f.o.b.)
Exports - partners Japan, US, Guam (2000) Japan, US, Guam
GDP purchasing power parity - $277 million


note: $277 million $277 million GDP is supplemented by grant aid, averaging perhaps $100 million annually (2002 est.)
purchasing power parity - $269 million


note: GDP is supplemented by grant aid, averaging perhaps $100 million annually (2001 est.)
GDP - per capita purchasing power parity - $2,000 (2002 est.) purchasing power parity - $2,000 (2001 est.)
GDP - real growth rate 1% (2002 est.) 2% (2001 est.)
Highways total: 240 km


paved: 42 km


unpaved: 198 km (1999 est.)
total: 240 km


paved: 42 km


unpaved: 198 km (1996)
Imports $149 million f.o.b. (FY 99/00 est.) $149 million f.o.b.
Imports - partners US, Australia, Japan (2000) US, Australia, Japan
Industries tourism, construction, fish processing, specialized aquaculture, craft items from shell, wood, and pearls tourism, construction, fish processing, craft items from shell, wood, and pearls
Infant mortality rate total: 32.39 deaths/1,000 live births


male: 35.65 deaths/1,000 live births


female: 28.97 deaths/1,000 live births
NA deaths/1,000 live births
Inflation rate (consumer prices) 1% (2002 est.) 2.5% (2001 est.)
Legislative branch unicameral Congress (14 seats; members elected by popular vote; four - one elected from each state to serve four-year terms; and 10 - elected from single-member districts delineated by population to serve two-year terms)


elections: elections for four-year term seats last held 4 March 2003 (next to be held NA March 2007); elections for two-year term seats last held 4 March 2003 (next to be held NA March 2005)


election results: percent of vote - NA%; seats - independents 14
unicameral Congress (14 seats; members elected by popular vote; four - one elected from each state - to serve four-year terms and 10 - elected from single-member districts delineated by population - to serve two-year terms)


elections: elections for four-year term seats last held 2 March 1999 (next to be held NA March 2003); elections for two-year term seats last held 6 March 2001 (next to be held NA March 2003)


election results: percent of vote - NA%; seats - independents 14
Life expectancy at birth total population: 69.13 years


male: 67.39 years


female: 70.95 years (2003 est.)
total population: NA years


male: NA years


female: NA years
Merchant marine none


note: includes a foreign-owned ship registered here as a flag of convenience: US 1 (2002 est.)
none


note: includes a foreign-owned ship registered here as a flag of convenience: United States 1 (2002 est.)
Net migration rate -20.98 migrant(s)/1,000 population (2003 est.) NA migrant(s)/1,000 population
Population 108,143 (July 2003 est.) 135,869 (July 2002 est.)
Population below poverty line 26.7% NA%
Population growth rate 0.04% (2003 est.) NA% (2002 est.)
Radios - 9,400 (1996)
Railways 0 km 0 km (2003)
Sex ratio 1.05 male(s)/female (2003 est.) NA
Terrain islands vary geologically from high mountainous islands to low, coral atolls; volcanic outcroppings on Pohnpei, Kosrae, and Chuuk islands vary geologically from high mountainous islands to low, coral atolls; volcanic outcroppings on Pohnpei, Kosrae, and Truk
Total fertility rate 3.5 children born/woman (2003 est.) NA children born/woman
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