_#_Communists: none
_#_Member of: ESCAP (associate), ICAO, SPC, SPF, UN
_#_Diplomatic representation: Ambassador Jesse B. MAREHALAU; Embassy at 706 G Street SE, Washington DC 20003; telephone (202) 544-2640;
US—Ambassador Aurelia BRAZEAL; Embassy at address NA, Kolonia (mailing address is P. O. Box 1286, Pohnpei, Federated States of Micronesia 96941); telephone 691-320-2187
_#_Flag: light blue with four white five-pointed stars centered; the stars are arranged in a diamond pattern
_*Economy #_Overview: Financial assistance from the US is the primary source of revenue, with the US pledged to spend $1 billion in the islands in the 1990s; also in December 1990 the US authorized the use of disaster relief funds for Micronesia because of damage from Typhoon Russ. In addition Micronesia earns about $4 million a year in fees from foreign commercial fishing concerns. 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.
_#_GNP: $150 million, per capita $1,500; real growth rate NA% (1989 est.); note—GNP numbers reflect US spending
_#_Inflation rate (consumer prices): NA%
_#_Unemployment rate: 80% (1988)
_#_Budget: revenues $110.8 million; expenditures NA, including capital expenditures of NA (1987 est.)