Labor force | |
---|---|
Industrial production growth rate | 0.78% (2023 est.) |
Industries | tourism, construction; specialized aquaculture, craft items (shell and wood) |
Population below poverty line | |
Taxes and other revenues | 7.05% (of GDP) (2020 est.) |
Fiscal year | |
Exchange rates | |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2021 | $497.434 million (2021 est.) |
Reserves of foreign exchange and gold 2020 | $451.913 million (2020 est.) |
Reserves of foreign exchange and gold 2019 | $397.158 million (2019 est.) |
Current account balance | |
Current account balance 2017 | $12 million (2017 est.) |
Current account balance 2016 | $11 million (2016 est.) |
Current account balance 2014 | $22.408 million (2014 est.) |
Public debt | |
Public debt 2020 | 27.86% of GDP (2020 est.) |
Budget | |
Revenues | $137.795 million (2020 est.) |
Expenditures | $87.355 million (2020 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 5.07% of GDP (2023 est.) |
Remittances 2022 | 5.43% of GDP (2022 est.) |
Remittances 2021 | 5.98% of GDP (2021 est.) |
Imports | |
Imports 2021 | $126 million (2021 est.) |
Imports 2020 | $133 million (2020 est.) |
Imports 2019 | $121 million (2019 est.) |
Imports (partners) | US 37%, China 21%, Japan 10%, South Korea 8%, Taiwan 5% (2022) |
Comodities Imports force | plastic products, ships, poultry, refined petroleum, fish (2022) |
Exports | |
Imports 2021 | $126 million (2021 est.) |
Imports 2020 | $133 million (2020 est.) |
Imports 2019 | $121 million (2019 est.) |
Exports (partners) | Thailand 78%, Philippines 12%, Japan 5%, Ecuador 2%, US 1% (2022) |
Comodities Exports force | fish, integrated circuits, garments, aircraft parts, broadcasting equipment (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $437.922 million (2023 est.) |
Real GDP (purchasing power parity) 2022 | $434.514 million (2022 est.) |
Real GDP (purchasing power parity) 2021 | $437.922 million (2021 est.) |
GDP (official exchange rate) | $460 million (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $3,800 (2023 est.) |
Real GDP per capita 2022 | $3,800 (2022 est.) |
Real GDP per capita 2021 | $3,900 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 22.5% (2023 est.) |
Industry | 4.9% (2023 est.) |
Services | 66.8% (2023 est.) |
GDP - composition, by end use | |
Exports of goods and services | 27.3% (2023 est.) |
Imports of goods and services | -67.5% (2023 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 18.9% (2014) |
Male | 10.4% |
Female | 29.9% |
Want to know more about Micronesia? Check all different factbooks for Micronesia below.