Micronesia

Official Name: The Federated States of Micronesia
Sovereign Status: Sovereign Country
Government Type: Federal Republic in Free Association with the US
Official Name (Local Language): Federated States of Micronesia
ISO Country Codes: FM : FSM
Internet Domain: .fm
Government Web Site: https://www.fsmgov.org/
Capital: Palikir Main Airports: Chuuk International Airport, Pohnpei International Airport, Yap International Airport
Language(s): English Population: 101,009
Currency: US Dollar ISO Currency Code: USD
Telephone Dial In: +691 ID Prefix: 011



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Micronesia

GDP: $375.055 million (2021 est.)
GDP Pro Capita (PPP): $3,300 (2021 est.)
Currency & USD Exchange Rate: US Dollar
Currency Code: USD
World Bank Classification: Lower-Middle Income Economy

GDP Composition:

Agriculture: 26.3% taro, yams, coconuts, bananas, cassava (manioc, tapioca), sakau (kava), Kosraen citrus, betel nuts, black pepper, fish, pigs, chickens
Industry: 18.9% tourism, construction; specialized aquaculture, craft items (shell and wood)
Services: 54.8%

Source: Central Intelligence Agency Factbook




Financial Exchanges:
No Exchange

National Statistics Office:
N/A ;

National Dataset(s):

Micronesia


Subject to Country Specific Sanctions? NO

Business Language(s): English
Customs & Excise: Government of the Federated States of Micronesia
Development Bank(s): Asian Development Bank; FSM Development Bank; Pacific Islands Development Bank (PIDB);
Competitive Ind’l Performance: N/A Corruption Perceptions Index: N/A
Ease of Doing Business: N/A Enabling Trade Index: N/A
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Country Ratings:


Export Credit & Insurance More

Export Credit Agency: Caribbean Export Development Agency ;

Investment & Export Promotion More

Investment & Export Promotion Agency: Pacific Trade Invest ;


Imports:

$0.168 billion (2015 est.)

Main Imports:

food, beverages, clothing, computers, household electronics, appliances, manufactured goods, automobiles, machinery and equipment, furniture, tools

Exports:

$0.088 billion (2013 est.)

Main Exports:

fish, sakau (kava), betel nuts, black pepper


Top Export Partners:

Top Import Partners:


Source: Central Intelligence Agency Factbook


Regional Trade Agreements & Organisations:

Micronesia

Accountancy Associations

N/A

Banking Association



Government Procurement

N/A


Logistics Companies

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Freightnet
SeaRates

None

Major Companies with a Local Operation

Kyowa Shipping Company

Tax Identification Codes

N/A





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Micronesia

British Chambers of Commerce Overseas No resources available

Joint-Venture Chambers of Commerce No resources available


British Representation Overseas No resources available

Foreign Representation in the U.K. No resources available