International organization participation: AsDB, ESCAP, IBRD, ICAO,
IDA, IFC, IMF, Intelsat, ITU, Sparteca, SPC, SPF, UN, UNCTAD, WHO,
WMO
Diplomatic representation in US: chief of mission: Ambassador Jesse B. MAREHALAU chancery: 1725 N Street NW, Washington, DC 20036 telephone: [1] (202) 223-4383 FAX: [1] (202) 223-4391 consulate(s) general: Honolulu and Tamuning (Guam)
US diplomatic representation: chief of mission: Ambassador March Fong EU 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
Economy ———-
Economic 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 1990s. Geographical isolation and a poorly developed infrastructure are major impediments to long-term growth.
GDP: purchasing power parity - $205 million (1994 est.) note: GDP is supplemented by grant aid, averaging perhaps $100 million annually
GDP real growth rate: 1.4% (1994 est.)
GDP per capita: $1,700 (1994 est.)
GDP composition by sector: agriculture: NA% industry: NA% services: NA%