Flag description:
light blue with four white five-pointed stars centered; the stars are arranged in a diamond pattern; blue symbolizes the Pacific Ocean, the stars represent the four island groups of Chuuk, Kosrae, Pohnpei, and Yap
National anthem:
name: "Patriots of Micronesia"
lyrics/music: unknown
note: adopted 1991; the anthem is also known as "Across All Micronesia;" the music is based on the 1820 German patriotic song "Ich hab mich ergeben," which was the West German national anthem from 1949-1950; variants of this tune are used in Johannes Brahms' "Festival Overture" and Gustav Mahler's "Third Symphony"
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. Under the original terms of the Compact of Free Association, the US provided $1.3 billion in grant aid during the period 1986-2001; the level of aid has been subsequently reduced. 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 current slow growth of the private sector.
GDP (purchasing power parity):