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1979 _#_Legal system: based on adapted Trust Territory laws, acts of the legislature, municipal, common, and customary laws _#_National holiday: Proclamation of the Republic of the Marshall Islands, 1 May (1979) _#_Executive branch: president, Cabinet _#_Legislative branch: unicameral Nitijela _#_Judicial branch: Supreme Court _#_Leaders: Chief of State and Head of Government--President Amata KABUA (since 1979) _#_Political parties and leaders: no formal parties; President KABUA is chief political (and traditional) leader _#_Suffrage: universal at age 18 _#_Elections: President--last held NA November 1987 (next to be held November 1991); results--President Amata KABUA was reelected; Parliament--last held NA November 1987 (next to be held November 1991); results--percent of vote NA; seats--(33 total) _#_Communists: none _#_Member of: ESCAP (associate), ICAO, SPC, SPF, UN _#_Diplomatic representation: Ambassador Wilfred I. KENDALL; Chancery at 2433 Massachusetts Avenue, NW, Washington DC 20008; telephone (202) 234-5414; US--Ambassador William BODDE, Jr.; Embassy at NA address (mailing address is P. O. Box 680, Majuro, Republic of the Marshall Islands 96960-4380); telephone 692-4011 _#_Flag: blue with two stripes radiating from the lower hoist-side corner--orange (top) and white; there is a white star with four large rays and 20 small rays on the hoist side above the two stripes _*_Economy _#_Overview: Agriculture and tourism are the mainstays of the economy. Agricultural production is concentrated on small farms, and the most important commercial crops are coconuts, tomatoes, melons, and breadfruit. A few cattle ranches supply the domestic meat market. Small-scale industry is limited to handicrafts, fish processing, and copra. The tourist industry is the primary source of foreign exchange and employs about 10% of the labor force. The islands have few natural resources, and imports far exceed exports. In 1987 the US Government provided grants of $40 million out of the Marshallese budget of $55 million. _#_GDP: $63 million, per capita $1,500; real growth rate NA% (1989 est.) _#_Inflation rate (consumer prices): 5.6% (1981) _#_Unemployment rate: NA% _#_Budget: revenues $55 million; expenditures NA, including capital expenditures of NA (1987 est.) _#_Exports: $2.5 million (f.o.b., 1985); commodities--copra, copra oil, agricultura
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