Judicial branch:
Supreme Court
Political parties and leaders:
no formal parties
International organization participation:
ACP, AsDB, FAO, G-77, IBRD, ICAO, IDA, IFC, IFRCS, IMF, IOC, ITU,
MIGA, OPCW, PIF, Sparteca, UN, UNCTAD, UNESCO, WHO, WMO
Diplomatic representation in the US: chief of mission: Ambassador Jesse Bibiano 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)
Diplomatic representation from the US: chief of mission: Ambassador Suzanne K. HALE embassy: 101 Upper Pics Road, Kolonia mailing address: P. O. Box 1286, Kolonia, Pohnpei, Federated States of Micronesia 96941 telephone: [691] 320-2187 FAX: [691] 320-2186
Flag description:
light blue with four white five-pointed stars centered; the stars
are arranged in a diamond pattern
Economy Micronesia, Federated States of
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. The
Amended Compact of Free Association with the US guarantees the
Federated States of Micronesia (FSM) millions of dollars in annual
aid through 2023, and establishes a Trust Fund into which the US and
the FSM make annual contributions in order to provide annual payouts
to the FSM in perpetuity after 2023. 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.
GDP (purchasing power parity):
$277 million
note: GDP is supplemented by grant aid, averaging perhaps $100
million annually (2002 est.)
GDP - real growth rate:
1% (2002 est.)