- $160 million (1990
est.)
note: GDP was supplemented by approximately $100 million in grant aid
in 1990

National product real growth rate: 4% (1994)

National product per capita: $1,500 (1990 est.)

Inflation rate (consumer prices): NA%

Unemployment rate: 27% (1989)

Budget:
revenues: $45 million
expenditures: $31 million, including capital expenditures of $NA
(FY94/95 est.)

Exports: $3.2 million (f.o.b., 1990)
commodities: fish, copra, bananas, black pepper
partners: Japan, US

Imports: $91.2 million (c.i.f., 1990)
commodities: food, manufactured goods, machinery and equipment,
beverages
partners: US, Japan, Australia

External debt: $NA

Industrial production: growth rate NA%

Electricity:
capacity: 18,000 kW
production: 40 million kWh
consumption per capita: 380 kWh (1990)

Industries: tourism, construction, fish processing, craft items from
shell, wood, and pearls

Agriculture: mainly a subsistence economy; black pepper; tropical
fruits and vegetables, coconuts, cassava, sweet potatoes, pigs,
chickens

Economic aid:
recipient: under terms of the Compact of Free Association, the US will
provide $1.3 billion in grant aid during the period 1986-2001

Currency: 1 United States dollar (US$) = 100 cents

Exchange rates: US currency is used

Fiscal year: 1 October - 30 September

@Micronesia, Federated States Of:Transportation

Railroads: 0 km

Highways:
total: 226 km
paved: 39 km (on major islands)
unpaved: stone, coral, laterite 187 km

Ports: Colonia (Yap), Kolonia (Pohnpei), Lele, Moen

Merchant marine: none

Airports:
total: 6
with paved runways 1,524 to 2,437 m: 4
with paved runways 914 to 1,523 m: 1
with paved runways under 914 m: 1

@Micronesia, Federated States Of:Communications

Telephone system: 960 telephones on Kolonia and Truk
local: NA
intercity: islands interconnected by shortwave radio (used mostly for
government purposes
international: 4 INTELSAT (Pacific Ocean) earth stations

Radio:
broadcast stations: AM 5, FM 1, shortwave 1
radios: 16,000

Television:
broadcast stations: 6
televisions: 1,125 (1987 est.)

@Micronesia, Federated States Of:Defense Forces

Note: defense is the responsibility of the US

________________________________________________________________________

MIDWAY ISLANDS

(territory of the US)

@Midway Islands:Geography

Location: Oceania, atoll in the North