Economy of the Federated States of Micronesia
ebook ∣ Economy in countries, Book 92 · Economy in countries
By Ivan Kushnir

Sign up to save your library
With an OverDrive account, you can save your favorite libraries for at-a-glance information about availability. Find out more about OverDrive accounts.
Find this title in Libby, the library reading app by OverDrive.

Search for a digital library with this title
Title found at these libraries:
Library Name | Distance |
---|---|
Loading... |
This book about the economy of the FSM from the 1970s to the 2010s. Source data from UN Data.
Size. In the 2010s, the gross domestic product of the FSM was equal to $340.4 million per year; the value of agriculture was $88.3 million. Since the share in the world is less than .01%, the country is classified as a micro economy.
Productivity. In the 2010s, the gross domestic product per capita was $3 147.9, the value of agriculture per capita was $816.2. Since the productivity is less the average below average, the economy is classified as least developed.
Growth. In the 2010s, the growth of GDP was 0.69%; the growth of agriculture was 1.0%.
Structure. In the 2010s, the economy of the FSM included: services (45.4%), agriculture (27.6%), trade (14.2%), transportation (6.0%), construction (3.9%), and industry (2.9%).
Exports and imports. In the 2010s, the imports were 2.9 times higher than the exports, the net imports were equal to 50.3% of the GDP. The technological structure of exports are not better than the structure of imports.
Consumption and reproduction. The attitude of reproduction to the consumption is not better than the global average, so the share of GDP in the world will not increase.