Federated States of Micronesia: Recent Economic Developments

October 15, 1996

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Federated States of Micronesia: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed November 22, 2024

Summary

This paper analyzes recent economic developments in the Federated States of Micronesia. Real GDP grew by a modest 1 percent in 1995, well below the average growth rate recorded during 1991–94, according to tentative estimates prepared by the IMF staff. The overall fiscal balance of the national government has registered surpluses for the past several years. Total revenue and grants have increased, mainly reflecting higher nontax revenue from fishing license fees from Korea and Taiwan, Province of China, and higher non-Compact grants.

Subject: Agroindustries, Current spending, Economic sectors, Expenditure, Financial institutions, Income, Labor, Loans, National accounts, Wages

Keywords: Agroindustries, Chuuk government, CR, Current spending, General government finance, Government, Government hiring, Income, ISCR, Loans, Micronesian authorities, Micronesian authority, National government, Pacific Islands, Pohnpei government, Wages

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/107
Stock No:

1FSMEA0011996
ISBN:

9781451813753
ISSN:

1934-7685

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