|Non-fillet frozen fish|
Micronesia is a sub region of Oceania, comprising thousands of small islands in the western Pacific Ocean. It has a shared cultural history with two other island regions, Polynesia to the east and Melanesia to the south. The region has a tropical marine climate, and is part of the Oceania ecozone. There are four main archipelagos along with numerous outlying islands. Micronesia is divided politically among several sovereign countries. One of these is the Federated States of Micronesia, which is often called "Micronesia" for short and is not to be confused with the overall region.
Economic activity in the Federated States of Micronesia consists primarily of subsistence farming and fishing. The islands have few mineral deposits worth exploiting, except for high-grade phosphate. Long line fishing of tuna is also viable with foreign vessels from China operated in the 1990's. 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 U.S. is the primary source of revenue, with the U.S. pledged to spend $1.3 billion in the islands in 1986–2001; the CIA World Fact book lists high dependence on U.S. aid as one of the main concerns of the FSM. Geographical isolation and a poorly developed infrastructure are major impediments to long-term growth.
|Agriculture||banana, coconut, breadfruit.|
|Manufacture||Fishing, forestry, animal husbandry.|
|Services (Including financial)||54.8% (2013 EST.)|
|Non-fillet frozen fish|
Micronesia began to be settled several millennia ago, although there are competing theories about the origin and arrival of the first settlers. There are numerous difficulties with conducting archaeological excavations in the islands, due to their size, settlement patterns and storm damage. As a result, much evidence is based on linguistic analysis. The earliest archaeological traces of civilization have been found on the Island of Saipan, dated to 1500 BCE or slightly before. Micronesian colonists gradually settled the Marshall Islands during the 2nd millennium BC, with inter-island navigation made possible using traditional stick charts. Construction of Nan Madol, a megalithic complex made from basalt lava logs in Pohnpei began as early as 1200 CE.
Peter M. Christian
In Micronesia, the currency used is the United States dollar (USD). This currency is divided in 100 Cent.
|National Song||"Patriots of Micronesia"|
|Currency||United States dollar (USD)|
|GDP / GDP Rank||0.331 Billion USD|
|GDP Growth Rate||-0.2 Percent|
|GDP Per Captial||$3234.278 (PPP)|
UTC+10:00 — the states of Chuuk and Yap
UTC+11:00 — the states of Kosrae and Pohnpei
50% Roman Catholic
President – Peter M. Christian
|Website||Go to the web|
|Public Debt||24.845 Percent|
|Unemployment Rate||N/A Percent|
|Labor Force (Occupation)||-|