Micronesia
In 1979 the Federated States of Micronesia, a UN Trust Territory under US administration, adopted a constitution. In 1986 independence was attained under a Compact of Free Association with the US, which was amended and renewed in 2004. Present concerns include large-scale unemployment, overfishing, and overdependence on US aid.[1]
Economical characteristics
- Currency: United States Dollar (ISO code: USD)
- This country does not seem to have a central bank.
- Central bank discount rate: [1]
- Commercial banks lending rate: 15.38% (31 December 2009 )[1]
- Stock of money (M1): $21.21 million (31 December 2008)[1]
- Quasi money (with M1 makes M2): $76.8 million (31 December 2008)[1]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[2] | 213 | 226 | 231 | 235 | 238 | 232 | 243 | 247 | 253 | 258 |
| Govt. debt (% of GDP)[3] | ||||||||||
| Govt. revenue (% of GDP)[4] | ||||||||||
| Govt. expenses (% of GDP)[5] | ||||||||||
| Debt to revenue (years) |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 Cite error: Invalid
<ref>tag; no text was provided for refs namedCIA_FM - ↑ World Bank. "Micronesia: GDP", from World Bank Data. Referenced 2010-10-05.
- ↑ World Bank. "Micronesia: government debt", from World Bank Data. Referenced 2010-10-05.
- ↑ World Bank. "Micronesia: government revenue", from World Bank Data. Referenced 2010-10-05.
- ↑ World Bank. "Micronesia: government expenses", from World Bank Data. Referenced 2010-10-05.
External links
- Micronesia on Wikipedia
- Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
- BBC country profile