Federal States of Micronesia Location:
6°55'N, 158°9'E
Federal States of Micronesia Geography:
Population
- July 2006 estimate 108,500 (181st)
- 2000 census 107,000
- Density 154 /km2 (66th)
399 /sq mi
Federal States of Micronesia People:
Population
- July 2006 estimate 108,500 (181st)
- 2000 census 107,000
- Density 154 /km2 (66th)
399 /sq mi
Federal States of Micronesia Government:
Government Constitutional government1
- President Manny Mori
Federal States of Micronesia Economy:
Economic activity of 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 tuna fishing is also viable with foreign vessels from Taiwan and China operated in the 1990s. 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 US is the primary source of revenue, with the US pledged to spend $1.3 billion in the islands in 1986-2001. Geographical isolation and a poorly developed infrastructure are major impediments to long-term growth.
The nation uses the US dollar as their currency.
Federal States of Micronesia More Information:
http://en.wikipedia.org/wiki/Federal_States_of_Micronesia | 
