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Micronesia, Federated States of

Australia Oceania · Palikir · federal republic in free association with the US

What Micronesia, Federated States of means for your money — the prices you pay, the tariffs in motion, and where U.S. policy could change both.

Map showing the location of Micronesia, Federated States of

$675K

U.S. imports, 2025

-72.4%

change in one year

$48M

U.S. exports, 2025

100K

Population

$471M

GDP

In your house

What you buy that Micronesia, Federated States of makes

America bought $675K in goods from Micronesia, Federated States of in 2025 — down 72.4% in a single year. Of every $100 of it, here's where the money went.

U.s. goods returned, and reimports

$296K43.8%

Cookware, cutlery, tools

cookware, cutlery, hand tools

$70K10.3%

Minimum value shipments

$59K8.7%

Other (movies, miscellaneous imports, and special transactions)

$55K8.2%

Fish and shellfish

fish, shrimp, shellfish

$51K7.6%

Materials, excluding chemicals

$36K5.3%

Electric apparatus

$27K4%

Fruits, frozen juices

fruit and frozen juices

$20K2.9%

Agricultural machinery, equipment

$14K2%

Vegetables

vegetables

$14K2%

2026 so far (through April): $93K in imports. Source: U.S. Census Bureau, International Trade in Goods (customs basis).

The other direction

What America sells to Micronesia, Federated States of

$48M in 2025 — a trade rupture cuts both ways, for American producers as well as American prices.

Meat, poultry, etc.

$14M

Minimum value shipments

$7M

Other foods

$3M

Dairy products and eggs

$3M

Telecommunications equipment

$2M

phones, routers, networking gear

Logs and lumber

$1M

Fruits, frozen juices

$1M

Animal feeds, n.e.c.

$996K

Generators, accessories

$974K

Where you stand

U.S. tariff posture toward Micronesia, Federated States of

No U.S. tariff action singles this country out. Its goods face the universal 10% temporary import surcharge under Section 122 of the Trade Act (which replaced the IEEPA reciprocal baseline in February 2026) plus the sectoral Section 232 duties — steel and aluminum at 50% — that apply to all countries. The Section 122 surcharge is statutorily temporary — scheduled to lapse on or about July 23, 2026 (a 150-day cap) unless extended or replaced.

Reciprocal tariff (universal baseline)

10%

The universal 10% floor — a Section 122 import surcharge since February 2026, previously the EO 14257 reciprocal baseline — applies to nearly all U.S. imports. This country has no higher assigned rate of its own.

Policy in motion

Tariff status: a moving target

No U.S. tariff action names Micronesia, Federated States of. These are the universal measures — applied to every country without a country-specific arrangement — that set its treatment.

  1. 2026-04-06

    Section 232 metals coverage expanded

    In effect

    The April 2026 proclamation strengthening Section 232 actions on aluminum, steel, and copper expanded derivative-product coverage for all countries, keeping the general metals rate at 50%.

    91 FR 18201
  2. 2026-02-24

    IEEPA reciprocal tariffs terminated — replaced by 10% Section 122 surcharge

    In effect

    Executive Order 14389 (Ending Certain Tariff Actions) terminated the IEEPA tariff duties — including the EO 14257 reciprocal baseline — effective February 24, 2026. A flat 10% Section 122 temporary import surcharge (Proclamation 11012 of February 20, 2026) replaced them, leaving the universal rate unchanged at 10% on a different statutory basis. Section 122 caps such surcharges at 150 days, so this 10% surcharge is scheduled to lapse on or about July 23, 2026 absent further action (the administration has signaled it could raise the rate toward the 15% statutory maximum).

    91 FR 9437
  3. 2025-11-13

    Agricultural products exempted from reciprocal tariffs

    In effect

    Executive Order 14360 of November 14, 2025 removed reciprocal duties from certain agricultural products listed in its annexes (coffee, cocoa, bananas, and other goods the U.S. does not produce in sufficient quantity), retroactive to November 13, 2025 — for all countries subject to the reciprocal tariff.

    90 FR 54091
  4. 2025-06-04

    Section 232 steel and aluminum duties doubled to 50%

    In effect

    The June 3, 2025 proclamation raised Section 232 duties on steel and aluminum articles and derivatives from 25% to 50% for all countries, effective June 4, 2025.

    90 FR 24199
  5. 2025-04-05

    Universal 10% reciprocal baseline takes effect

    In effect

    Executive Order 14257 (signed April 2, 2025) imposed a 10% ad valorem reciprocal duty on imports from all trading partners, effective April 5, 2025. Countries without a higher Annex I rate remain at this baseline.

    Federal Register · 2025-06063
  6. 2025-03-12

    Section 232 steel and aluminum duties set at 25% for all countries

    In effect

    Proclamations of February 10, 2025 terminated all country exemptions and quota arrangements and applied 25% Section 232 duties to steel and aluminum imports from every country, effective March 12, 2025.

    90 FR 9817

Reference

The country itself

Australia Oceania · Geography, people, economy, and government — public-domain data from the CIA World Factbook.

Each of the four states that compose the Federated States of Micronesia (FSM) -- Chuuk, Kosrae, Pohnpei, and Yap -- has its own unique history and cultural traditions. The first humans arrived in what is now the FSM in the second millennium B.C. In the 800s A.D., construction of the artificial islets at the Nan Madol complex in Pohnpei began, with the main architecture being built around 1200. At its height, Nan Madol united the approximately 25,000 people of Pohnpei under the Saudeleur Dynasty. By 1250, Kosrae was united in a kingdom centered in Leluh. Yap’s society became strictly hierarchical, with chiefs receiving tributes from islands up to 1,100 km (700 mi) away. Widespread human settlement in Chuuk began in the 1300s, and the different islands in the Chuuk Lagoon were frequently at war with one another. Portuguese and Spanish explorers visited a few of the islands in the 1500s, and Spain began exerting nominal, but not day-to-day, control over some of the islands -- which they named the Caroline Islands -- in the 1600s. In 1899, Spain sold all of the FSM to Germany. Japan seized the islands in 1914 and was granted a League of Nations mandate to administer them in 1920. During WWII, Japan built military bases across most of the islands and headquartered their Pacific naval operations in Chuuk. The US bombed Chuuk in 1944 but largely bypassed the other islands in its leapfrog campaign across the Pacific. In 1947, the FSM came under US administration as part of the Trust Territory of the Pacific Islands, which comprised six districts: Chuuk, the Marshall Islands, the Northern Mariana Islands, Palau, Pohnpei, and Yap; Kosrae was separated from Pohnpei into a separate district in 1977. In 1979, Chuuk, Kosrae, Pohnpei, and Yap ratified the FSM Constitution and declared independence while the other three districts opted to pursue separate political status. There are significant inter-island rivalries stemming from their different histories and cultures. Chuuk, the most populous but poorest state, has pushed for secession, but an independence referendum has been repeatedly postponed.

Regional map of Micronesia, Federated States of

Geography

Location
Oceania, island group in the North Pacific Ocean, about three-quarters of the way from Hawaii to Indonesia
Area
702 sq km
Climate
tropical; heavy year-round rainfall, especially in the eastern islands; located on southern edge of the typhoon belt with occasionally severe damage
Terrain
islands vary geologically from high mountainous islands to low, coral atolls; volcanic outcroppings on Pohnpei, Kosrae, and Chuuk
Natural resources
timber, marine products, deep-seabed minerals, phosphate
Coastline
6,112 km
Natural hazards
typhoons (June to December)

People & society

Population
99,603 (2024 est.)
Nationality
Micronesian(s)
Ethnic groups
Chuukese/Mortlockese 49.3%, Pohnpeian 29.8%, Kosraean 6.3%, Yapese 5.7%, Yap outer islanders 5.1%, Polynesian 1.6%, Asian 1.4%, other 0.8% (2010 est.)
Languages
English (official and common language), Chuukese, Kosrean, Pohnpeian, Yapese, Ulithian, Woleaian, Nukuoro, Kapingamarangi
Religions
Roman Catholic 54.7%, Protestant 41.1% (includes Congregational 38.5%, Baptist 1.1%, Seventh Day Adventist 0.8%, Assembly of God 0.7%), Church of Jesus Christ 1.5%, other 1.9%, none 0.7%, unspecified 0.1% (2010 est.)
Median age
28.7 years (2025 est.)
Life expectancy at birth
75 years (2024 est.)

Economy

Economic overview
lower middle-income Pacific island economy; US aid reliance, sunsetting in 2024; low entrepreneurship; mostly fishing and farming; US dollar user; no patent laws; tourism remains underdeveloped; significant corruption
Industries
tourism, construction; specialized aquaculture, craft items (shell and wood)
Agricultural products
coconuts, cassava, vegetables, sweet potatoes, bananas, pork, plantains, fruits, beef, eggs (2023)
Exports - partners
Thailand 64%, China 16%, Philippines 11%, Japan 5%, Ecuador 1% (2023)
Imports - partners
USA 35%, China 20%, Japan 13%, Taiwan 6%, Philippines 4% (2023)

Government

Government type
federal republic in free association with the US
Capital
Palikir
Independence
3 November 1986 (from the US-administered UN trusteeship)
Constitution
drafted June 1975, ratified 1 October 1978, entered into force 10 May 1979
Executive branch
President Wesley W. SIMINA (since 12 May 2023)
Legislative branch
Congress

Full reference data

Every field, by section — CIA World Factbook. Open a topic to expand it.

Introduction
Background
Each of the four states that compose the Federated States of Micronesia (FSM) -- Chuuk, Kosrae, Pohnpei, and Yap -- has its own unique history and cultural traditions. The first humans arrived in what is now the FSM in the second millennium B.C. In the 800s A.D., construction of the artificial islets at the Nan Madol complex in Pohnpei began, with the main architecture being built around 1200. At its height, Nan Madol united the approximately 25,000 people of Pohnpei under the Saudeleur Dynasty. By 1250, Kosrae was united in a kingdom centered in Leluh. Yap’s society became strictly hierarchical, with chiefs receiving tributes from islands up to 1,100 km (700 mi) away. Widespread human settlement in Chuuk began in the 1300s, and the different islands in the Chuuk Lagoon were frequently at war with one another. Portuguese and Spanish explorers visited a few of the islands in the 1500s, and Spain began exerting nominal, but not day-to-day, control over some of the islands -- which they named the Caroline Islands -- in the 1600s. In 1899, Spain sold all of the FSM to Germany. Japan seized the islands in 1914 and was granted a League of Nations mandate to administer them in 1920. During WWII, Japan built military bases across most of the islands and headquartered their Pacific naval operations in Chuuk. The US bombed Chuuk in 1944 but largely bypassed the other islands in its leapfrog campaign across the Pacific. In 1947, the FSM came under US administration as part of the Trust Territory of the Pacific Islands, which comprised six districts: Chuuk, the Marshall Islands, the Northern Mariana Islands, Palau, Pohnpei, and Yap; Kosrae was separated from Pohnpei into a separate district in 1977. In 1979, Chuuk, Kosrae, Pohnpei, and Yap ratified the FSM Constitution and declared independence while the other three districts opted to pursue separate political status. There are significant inter-island rivalries stemming from their different histories and cultures. Chuuk, the most populous but poorest state, has pushed for secession, but an independence referendum has been repeatedly postponed.
Travel Facts
US State Dept Travel Advisory
For the latest travel advisories for this country, please consult the U.S. State Department's website, available through the link below. https://travel.state.gov/content/travel/en/traveladvisories/traveladvisories.html
Passport/Visa Requirements
For the latest passport and visa requirements for this country, please consult the U.S. State Department’s “Learn About Your Destination” search tool, available through the link below. https://travel.state.gov/content/travel/en/international-travel/International-Travel-Country-Information-Pages.html
US Embassy/Consulate
+(691) 320-2187; EMER: +(691) 920-2369; US Embassy Kolonia, US Embassy in Kolonia, PO Box 1286, Kolonia, Pohnpei, FSM 96941 Federated States of Micronesia; koloniaacs@state.gov; https://fm.usembassy.gov/
LGBTQIA+, Women, and Special Needs Travelers
Additional travel considerations can be found on the US State Department's International Travel page. https://travel.state.gov/content/travel/en/international-travel/before-you-go/travelers-with-special-considerations.html
Telephone Code
691
Local Emergency Phone
Medical 111
Vaccinations
For the latest information on required or recommended vaccines, please visit the CDC's website, available through the link below. https://wwwnc.cdc.gov/travel/destinations/list
Climate
Tropical; heavy year-round rainfall, especially in the eastern islands; located on southern edge of the typhoon belt with occasionally severe damage
Currency (Code)
US dollar is used
Electricity/Voltage/Plug Type(s)
120 V / 60 Hz / plug types(s): A, B
Major Languages
English, Chuukese, Kosrean, Pohnpeian, Yapese, Ulithian, Woleaian, Nukuoro, Kapingamarangi
Time Difference
UTC+11 (16 hours ahead of Washington, DC, during Standard Time)
Potable Water
Opt for bottled water
International Driving Permit
Suggested
Road Driving Side
Right
Souvenirs
Shell jewelry, woven baskets and mats, navigational stick charts, wooden monkeyman statues, replica canoes
Traditional Cuisine
Kelaguen — chicken, meat, or raw seafood marinated in lemon juice, salt, and hot peppers topped with coconut and scallions; the chicken or other meat is grilled while the seafood is prepared raw and “cooked” for only a few hours in lemon juice
CIA source last updated
Saturday, January 25, 2025
Travel resources

Please visit the following links to find further information about your desired destination.

CDC - To learn what vaccines and health precautions to take while visiting your destination.

US State Dept Travel Information - Overall information about foreign travel for US citizens.

To obtain an international driving permit (IDP). Only two organizations in the US issue IDPs: American Automobile Association (AAA) and American Automobile Touring Alliance (AATA)

How to get help in an emergency? Contact the nearest US embassy or consulate, or call one of these numbers: from the US or Canada - 1-888-407-4747 or from Overseas - +1 202-501-4444

Page last updated: Saturday, January 25, 2025

Geography
Location
Oceania, island group in the North Pacific Ocean, about three-quarters of the way from Hawaii to Indonesia
Geographic coordinates
6 55 N, 158 15 E
Map references
Oceania
Area - total
702 sq km
Area - land
702 sq km
Area - water
0 sq km (fresh water only)
Area - note
note: includes Pohnpei (Ponape), Chuuk (Truk) Islands, Yap Islands, and Kosrae (Kosaie)
Area - comparative
four times the size of Washington, D.C. (land area only)
Land boundaries - total
0 km
Coastline
6,112 km
Maritime claims - territorial sea
12 nm
Maritime claims - exclusive economic zone
200 nm
Climate
tropical; heavy year-round rainfall, especially in the eastern islands; located on southern edge of the typhoon belt with occasionally severe damage
Terrain
islands vary geologically from high mountainous islands to low, coral atolls; volcanic outcroppings on Pohnpei, Kosrae, and Chuuk
Elevation - highest point
Nanlaud on Pohnpei 782 m
Elevation - lowest point
Pacific Ocean 0 m
Natural resources
timber, marine products, deep-seabed minerals, phosphate
Land use - agricultural land
7.1% (2023 est.)
Land use - agricultural land: arable land
arable land: 2.9% (2023 est.)
Land use - agricultural land: permanent crops
permanent crops: 0% (2022 est.)
Land use - agricultural land: permanent pasture
permanent pasture: 4.3% (2023 est.)
Land use - forest
92.2% (2023 est.)
Land use - other
0.7% (2023 est.)
Irrigated land
0 sq km (2022)
Population distribution
the majority of the population lives in the coastal areas of the high islands; the mountainous interior is largely uninhabited; less than half of the population lives in urban areas
Natural hazards
typhoons (June to December)
Geography - note
composed of four major island groups totaling 607 islands
People and Society
Population - total
99,603 (2024 est.)
Population - male
48,708
Population - female
50,895
Nationality - noun
Micronesian(s)
Nationality - adjective
Micronesian; Chuukese, Kosraen(s), Pohnpeian(s), Yapese
Ethnic groups
Chuukese/Mortlockese 49.3%, Pohnpeian 29.8%, Kosraean 6.3%, Yapese 5.7%, Yap outer islanders 5.1%, Polynesian 1.6%, Asian 1.4%, other 0.8% (2010 est.)
Languages
English (official and common language), Chuukese, Kosrean, Pohnpeian, Yapese, Ulithian, Woleaian, Nukuoro, Kapingamarangi
Religions
Roman Catholic 54.7%, Protestant 41.1% (includes Congregational 38.5%, Baptist 1.1%, Seventh Day Adventist 0.8%, Assembly of God 0.7%), Church of Jesus Christ 1.5%, other 1.9%, none 0.7%, unspecified 0.1% (2010 est.)
Age structure - 0-14 years
27% (male 13,673/female 13,239)
Age structure - 15-64 years
67.3% (male 32,527/female 34,487)
Age structure - 65 years and over
5.7% (2024 est.) (male 2,508/female 3,169)
Dependency ratios - total dependency ratio
48.6 (2024 est.)
Dependency ratios - youth dependency ratio
40.2 (2024 est.)
Dependency ratios - elderly dependency ratio
8.5 (2024 est.)
Dependency ratios - potential support ratio
11.8 (2024 est.)
Median age - total
28.7 years (2025 est.)
Median age - male
27.3 years
Median age - female
29.1 years
Population growth rate
-0.77% (2025 est.)
Birth rate
17.55 births/1,000 population (2025 est.)
Death rate
4.23 deaths/1,000 population (2025 est.)
Net migration rate
-20.98 migrant(s)/1,000 population (2025 est.)
Population distribution
the majority of the population lives in the coastal areas of the high islands; the mountainous interior is largely uninhabited; less than half of the population lives in urban areas
Urbanization - urban population
23.4% of total population (2023)
Urbanization - rate of urbanization
1.52% annual rate of change (2020-25 est.)
Major urban areas - population
7,000 PALIKIR (capital) (2018)
Sex ratio - at birth
1.05 male(s)/female
Sex ratio - 0-14 years
1.03 male(s)/female
Sex ratio - 15-64 years
0.94 male(s)/female
Sex ratio - 65 years and over
0.79 male(s)/female
Sex ratio - total population
0.96 male(s)/female (2024 est.)
Maternal mortality ratio
129 deaths/100,000 live births (2023 est.)
Infant mortality rate - total
20.4 deaths/1,000 live births (2025 est.)
Infant mortality rate - male
23.8 deaths/1,000 live births
Infant mortality rate - female
17.8 deaths/1,000 live births
Life expectancy at birth - total population
75 years (2024 est.)
Life expectancy at birth - male
72.9 years
Life expectancy at birth - female
77.2 years
Total fertility rate
2.17 children born/woman (2025 est.)
Gross reproduction rate
1.06 (2025 est.)
Health expenditure - Health expenditure (as % of GDP)
11% of GDP (2021)
Health expenditure - Health expenditure (as % of national budget)
1.9% of national budget (2022 est.)
Physician density
0.97 physicians/1,000 population (2020)
Sanitation facility access - improved: total
total: 88.3% of population
Obesity - adult prevalence rate
45.8% (2016)
Alcohol consumption per capita - total
1.59 liters of pure alcohol (2019 est.)
Alcohol consumption per capita - beer
0.92 liters of pure alcohol (2019 est.)
Alcohol consumption per capita - wine
0.13 liters of pure alcohol (2019 est.)
Alcohol consumption per capita - spirits
0.52 liters of pure alcohol (2019 est.)
Alcohol consumption per capita - other alcohols
0.01 liters of pure alcohol (2019 est.)
Currently married women (ages 15-49)
51.7% (2023 est.)
Education expenditure - Education expenditure (% GDP)
11.6% of GDP (2020 est.)
Education expenditure - Education expenditure (% national budget)
18.6% national budget (2020 est.)
Government
Country name - conventional long form
Federated States of Micronesia
Country name - conventional short form
none
Country name - local long form
Federated States of Micronesia
Country name - local short form
none
Country name - former
New Philippines; Caroline Islands; Trust Territory of the Pacific Islands, Ponape, Truk, and Yap Districts
Country name - abbreviation
FSM
Country name - etymology
the name is a 19th-century construct of two Greek words, mikros (small) and nesoi (islands), and refers to its thousands of small islands in the western Pacific Ocean
Government type
federal republic in free association with the US
Capital - name
Palikir
Capital - geographic coordinates
6 55 N, 158 09 E
Capital - time difference
UTC+11 (16 hours ahead of Washington, DC, during Standard Time)
Capital - time zone note
Micronesia has two time zones
Capital - note
note: Palikir became the new capital of the country in 1989, three years after independence; Kolonia, the former capital, remains the site for many foreign embassies; it also serves as the Pohnpei state capital
Administrative divisions
4 states; Chuuk (Truk), Kosrae (Kosaie), Pohnpei (Ponape), Yap
Legal system
mixed system of common and customary law
Constitution - history
drafted June 1975, ratified 1 October 1978, entered into force 10 May 1979
Constitution - amendment process
proposed by Congress, by a constitutional convention, or by public petition; passage requires approval by at least three-fourths majority vote in at least three fourths of the states
Constitution - note
note: at least every ten years, voters are asked as part of a general or special election whether to hold a constitution convention; a majority of affirmative votes is required to proceed
International law organization participation
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
Citizenship - citizenship by birth
no
Citizenship - citizenship by descent only
at least one parent must be a citizen of FSM
Citizenship - dual citizenship recognized
no
Citizenship - residency requirement for naturalization
5 years
Suffrage
18 years of age; universal
Executive branch - chief of state
President Wesley W. SIMINA (since 12 May 2023)
Executive branch - head of government
President Wesley W. SIMINA (since 12 May 2023)
Executive branch - cabinet
Cabinet includes the vice president and the heads of the 8 executive departments
Executive branch - election/appointment process
president and vice president indirectly elected by Congress from among the 4 'at large' senators for a 4-year term (eligible for a second term)
Executive branch - most recent election date
12 May 2023
Executive branch - expected date of next election
2027
Executive branch - note
note: the president is both chief of state and head of government
Legislative branch - legislature name
Congress
Legislative branch - legislative structure
unicameral
Legislative branch - number of seats
14 (all directly elected)
Legislative branch - electoral system
plurality/majority
Legislative branch - scope of elections
partial renewal
Legislative branch - term in office
2 years
Legislative branch - most recent election date
3/4/2025
Legislative branch - percentage of women in chamber
21.4%
Legislative branch - expected date of next election
March 2027
Judicial branch - highest court(s)
Federated States of Micronesia Supreme Court (consists of the chief justice and not more than 5 associate justices and organized into appellate and criminal divisions)
Judicial branch - judge selection and term of office
justices appointed by the FSM president with the approval of two-thirds of Congress; justices appointed for life
Judicial branch - subordinate courts
the highest state-level courts are: Chuuk Supreme Court; Korsae State Court; Pohnpei State Court; Yap State Court
Political parties
no formal parties
Diplomatic representation in the US - chief of mission
Ambassador Jackson T. SORAM (since 27 February 2024)
Diplomatic representation in the US - chancery
1725 N Street NW, Washington, DC 20036
Diplomatic representation in the US - telephone
[1] (202) 223-4383
Diplomatic representation in the US - FAX
[1] (202) 223-4391
Diplomatic representation in the US - email address and website
Diplomatic representation in the US - consulate(s) general
Honolulu, Portland (OR), Tamuning (Guam)
Diplomatic representation from the US - chief of mission
Ambassador Jennifer L. JOHNSON (since 13 September 2023)
Diplomatic representation from the US - embassy
1286 US Embassy Place, Kolonia, Pohnpei, FM 96941
Diplomatic representation from the US - mailing address
4120 Kolonia Place, Washington, D.C. 20521-4120
Diplomatic representation from the US - telephone
[691] 320-2187
Diplomatic representation from the US - FAX
[691] 320-2186
Diplomatic representation from the US - email address and website
International organization participation
ACP, ADB, AOSIS, FAO, G-77, IBRD, ICAO, ICRM, IDA, IFC, IFRCS, IMF, IOC, IOM, IPU, ITSO, ITU, MIGA, OPCW, PIF, Sparteca, SPC, UN, UNCTAD, UNESCO, WHO, WMO
Independence
3 November 1986 (from the US-administered UN trusteeship)
National holiday
Constitution Day, 10 May (1979)
Flag
description: light blue with four five-pointed white stars centered and arranged in a diamond pattern meaning: blue stands for the Pacific Ocean, and the stars for the four island groups of Chuuk, Kosrae, Pohnpei, and Yap
National symbol(s)
four five-pointed white stars on a light blue field, hibiscus flower
National color(s)
light blue, white
National anthem(s) - title
"Patriots of Micronesia"
National anthem(s) - lyrics/music
unknown
National anthem(s) - history
adopted 1991
National heritage - total World Heritage Sites
1 (cultural)
National heritage - selected World Heritage Site locales
Nan Madol: Ceremonial Center of Eastern Micronesia
Economy
Economic overview
lower middle-income Pacific island economy; US aid reliance, sunsetting in 2024; low entrepreneurship; mostly fishing and farming; US dollar user; no patent laws; tourism remains underdeveloped; significant corruption
Real GDP (purchasing power parity) - Real GDP (purchasing power parity) 2024
$432.679 million (2024 est.)
Real GDP (purchasing power parity) - Real GDP (purchasing power parity) 2023
$429.59 million (2023 est.)
Real GDP (purchasing power parity) - Real GDP (purchasing power parity) 2022
$427.529 million (2022 est.)
Real GDP (purchasing power parity) - note
note: data in 2021 dollars
Real GDP growth rate - Real GDP growth rate 2024
0.7% (2024 est.)
Real GDP growth rate - Real GDP growth rate 2023
0.5% (2023 est.)
Real GDP growth rate - Real GDP growth rate 2022
-2.9% (2022 est.)
Real GDP growth rate - note
note: annual GDP % growth based on constant local currency
Real GDP per capita - Real GDP per capita 2024
$3,800 (2024 est.)
Real GDP per capita - Real GDP per capita 2023
$3,800 (2023 est.)
Real GDP per capita - Real GDP per capita 2022
$3,800 (2022 est.)
Real GDP per capita - note
note: data in 2021 dollars
GDP (official exchange rate)
$471.425 million (2024 est.)
GDP (official exchange rate) - note
note: data in current dollars at official exchange rate
Inflation rate (consumer prices) - Inflation rate (consumer prices) 2022
5.4% (2022 est.)
Inflation rate (consumer prices) - Inflation rate (consumer prices) 2021
3.2% (2021 est.)
Inflation rate (consumer prices) - Inflation rate (consumer prices) 2020
0.6% (2020 est.)
Inflation rate (consumer prices) - note
note: annual % change based on consumer prices
GDP - composition, by sector of origin - agriculture
23.3% (2023 est.)
GDP - composition, by sector of origin - industry
5% (2023 est.)
GDP - composition, by sector of origin - services
69.2% (2023 est.)
GDP - composition, by sector of origin - note
note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Agricultural products
coconuts, cassava, vegetables, sweet potatoes, bananas, pork, plantains, fruits, beef, eggs (2023)
Agricultural products - note
note: top ten agricultural products based on tonnage
Industries
tourism, construction; specialized aquaculture, craft items (shell and wood)
Industrial production growth rate
0.8% (2023 est.)
Industrial production growth rate - note
note: annual % change in industrial value added based on constant local currency
Remittances - Remittances 2023
5.3% of GDP (2023 est.)
Remittances - Remittances 2022
5.6% of GDP (2022 est.)
Remittances - Remittances 2021
6% of GDP (2021 est.)
Remittances - note
note: personal transfers and compensation between resident and non-resident individuals/households/entities
Budget - revenues
$137.795 million (2020 est.)
Budget - expenditures
$111.963 million (2020 est.)
Budget - note
note: central government revenues and expenses (excluding grants/extrabudgetary units/social security funds) converted to US dollars at average official exchange rate for year indicated
Public debt - Public debt 2020
27.8% of GDP (2020 est.)
Public debt - note
note: central government debt as a % of GDP
Taxes and other revenues
7% (of GDP) (2020 est.)
Taxes and other revenues - note
note: central government tax revenue as a % of GDP
Current account balance - Current account balance 2017
$12 million (2017 est.)
Current account balance - Current account balance 2016
$11 million (2016 est.)
Current account balance - Current account balance 2014
$22.408 million (2014 est.)
Current account balance - note
note: balance of payments - net trade and primary/secondary income in current dollars
Exports - Exports 2024
$129.5 million (2024 est.)
Exports - Exports 2023
$125.789 million (2023 est.)
Exports - Exports 2022
$90.466 million (2022 est.)
Exports - note
note: GDP expenditure basis - exports of goods and services in current dollars
Exports - partners
Thailand 64%, China 16%, Philippines 11%, Japan 5%, Ecuador 1% (2023)
Exports - partners - note
note: top five export partners based on percentage share of exports
Exports - commodities
fish, diamonds, garments (2023)
Exports - commodities - note
note: top export commodities based on value in dollars over $500,000
Imports - Imports 2024
$325.9 million (2024 est.)
Imports - Imports 2023
$310.669 million (2023 est.)
Imports - Imports 2022
$274.334 million (2022 est.)
Imports - note
note: GDP expenditure basis - imports of goods and services in current dollars
Imports - partners
USA 35%, China 20%, Japan 13%, Taiwan 6%, Philippines 4% (2023)
Imports - partners - note
note: top five import partners based on percentage share of imports
Imports - commodities
poultry, fish, plastic products, cars, prepared meat (2023)
Imports - commodities - note
note: top five import commodities based on value in dollars
Reserves of foreign exchange and gold - Reserves of foreign exchange and gold 2021
$497.434 million (2021 est.)
Reserves of foreign exchange and gold - Reserves of foreign exchange and gold 2020
$451.913 million (2020 est.)
Reserves of foreign exchange and gold - Reserves of foreign exchange and gold 2019
$397.158 million (2019 est.)
Reserves of foreign exchange and gold - note
note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Exchange rates
the US dollar is used
Energy
Electricity access - electrification - total population
85.3% (2022 est.)
Electricity access - electrification - urban areas
98.6%
Electricity access - electrification - rural areas
79.4%
Petroleum - refined petroleum consumption
800 bbl/day (2023 est.)
Communications
Telephones - fixed lines - total subscriptions
7,000 (2021 est.)
Telephones - fixed lines - subscriptions per 100 inhabitants
6 (2022 est.)
Telephones - mobile cellular - total subscriptions
22,000 (2021 est.)
Telephones - mobile cellular - subscriptions per 100 inhabitants
19 (2021 est.)
Broadcast media
no TV broadcast stations; each state has a multi-channel cable service with TV transmissions carrying roughly 95% imported programming and 5% local programming; about half a dozen radio stations (2009)
Internet country code
.fm
Internet users - percent of population
41% (2022 est.)
Broadband - fixed subscriptions - total
7,000 (2022 est.)
Broadband - fixed subscriptions - subscriptions per 100 inhabitants
6 (2022 est.)
Transportation
Civil aircraft registration country code prefix
V6
Airports
7 (2025)
Merchant marine - total
38 (2023)
Merchant marine - by type
general cargo 17, oil tanker 4, other 17
Ports - total ports
4 (2024)
Ports - large
0
Ports - medium
0
Ports - small
1
Ports - very small
3
Ports - ports with oil terminals
3
Ports - key ports
Colonia, Lele Harbor, Moen, Pohnpei Harbor
Military and Security
Military and security forces
no military forces; Federated States of Micronesia National Police (includes a maritime wing)
Military - note
defense is the responsibility of the US; in 1982, the FSM signed a Compact of Free Association (COFA) with the US, which granted the FSM financial assistance and access to many US domestic programs in exchange for exclusive US military access and defense responsibilities; the COFA entered into force in 1986; Micronesians can serve in the US armed forces the FSM has a "shiprider" agreement with the US, which allows local maritime law enforcement officers to embark on US Coast Guard (USCG) and US Navy (USN) vessels, including to board and search vessels suspected of violating laws or regulations within the FSM's designated exclusive economic zone (EEZ) or on the high seas; "shiprider" agreements also enable USCG personnel and USN vessels with embarked USCG law enforcement personnel to work with host nations to protect critical regional resources (2025)
Environment
Environmental issues
overfishing; sea-level rise; water and toxic pollution from mining; solid waste disposal
International environmental agreements - party to
Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Comprehensive Nuclear Test Ban, Desertification, Hazardous Wastes, Law of the Sea, Ozone Layer Protection
International environmental agreements - signed, but not ratified
none of the selected agreements
Climate
tropical; heavy year-round rainfall, especially in the eastern islands; located on southern edge of the typhoon belt with occasionally severe damage
Land use - agricultural land
7.1% (2023 est.)
Land use - agricultural land: arable land
arable land: 2.9% (2023 est.)
Land use - agricultural land: permanent crops
permanent crops: 0% (2022 est.)
Land use - agricultural land: permanent pasture
permanent pasture: 4.3% (2023 est.)
Land use - forest
92.2% (2023 est.)
Land use - other
0.7% (2023 est.)
Urbanization - urban population
23.4% of total population (2023)
Urbanization - rate of urbanization
1.52% annual rate of change (2020-25 est.)
Carbon dioxide emissions - total emissions
121,000 metric tonnes of CO2 (2023 est.)
Carbon dioxide emissions - from petroleum and other liquids
121,000 metric tonnes of CO2 (2023 est.)
Particulate matter emissions
8.1 micrograms per cubic meter (2019 est.)
Waste and recycling - municipal solid waste generated annually
26,000 tons (2024 est.)
Waste and recycling - percent of municipal solid waste recycled
15.2% (2022 est.)