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Country name:

conventional long form: Federated States

 of Micronesia
conventional short form: none
former: Ponape, Truk, and Yap Districts

(Trust Territory of the Pacific Islands)

 

Capital:

Palikir (Pohnpei). Population: 35,000 (2005).

 

Location:

Oceania, island group in the North

Pacific Ocean, about three-quarters of the

 way from Hawaii to Indonesia

 

Area:

Kosrae (five islands) – 110 sq km (42 sq miles); Pohnpei (163 islands) – 344 sq km (133 sq miles); Chuuk (formerly Truk) (294 islands) – 127 sq km (49 sq miles); Yap (145 islands) – 119 sq km (46 sq miles). Total: 702 sq km (270.8 sq miles).
 

 

Description:
The Federated States of Micronesia lie 3,680km (2,300 miles) north of Australia and 4,000km (2,500 miles) west of Hawaii. They comprise 607 islands scattered over 1.6 million sq km (617,761 sq miles), the most widely spread Pacific Islands group. Yap’s uplands are covered by dry meadows and scrub growth. Chuuk lagoon is circled by one of the largest barrier reefs in the world, while Pohnpei has mountains rising to over 600m (2,000ft).
 

 

Population:

107,862 (2007).
 

 

Languages:

lish; Micronesian languages, including Chuukese, Kosrean, Pohnpian and Yapese, are widely spoken.

 

Economy - overview:

Subsistence farming and fishing are of declining importance as tourism has come to dominate the domestic economy and fishing is largely pursued by foreign commercial concerns operating under licence. Mineral resources are limited to a few high-grade phosphate deposits. Sales of these licences account for over one-third of national income.

Economy:

Subsistence farming and fishing are of declining importance as tourism has come to dominate the domestic economy and fishing is largely pursued by foreign commercial concerns operating under licence. Mineral resources are limited to a few high-grade phosphate deposits. Sales of these licences account for over one-third of national income.

 

Exports:

Fish, garments, banana, kava and betel nut.

Imports:

Food and manufactured goods.
• Main trade partners: Japan, USA, Hong Kong and Guam.

Exchange rates:

http://www.worldtravelguide.net/country/88/business/Australia-and-South-Pacific/Federated-States-Of-Micronesia.html



GDP :
US$232 million (2005).
 

 

Useful links:

 
  • Trade Associations & Chamber of Commerce
 

 

  • Trade Fairs

 

 

 

  • Others

 

  Copyright By :  Kish Trade Promotion Center  2002