International Trade in the F.S. of Micronesia

International Trade in F.S. of Micronesia

During the last recent years, the Micronesian economy's performance has been poor. Due to an increase in the price of goods, an unfavorable business climite and difficulties in disbursing the funds of the American help, Micronesia has gone through five years of recession. An growth rate... Read more

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Import and Export Services in the F.S. of... (2)

  • Heritage Destination Consulting Ltd

    Heritage Destination Consulting Ltd

    Tourism Consulting, the F.S. of Micronesia

    International Heritage Interpretation & Heritage Tourism Destination Consultants Heritage Destination Consulting...
  • CFP International

    CFP International

    Trade Finance, the F.S. of Micronesia

    We are CFP International. We provide unique trade finance services for import businesses around the world. We add value to our...

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Overview About International Trade in the F.S. of Micronesia

Economic Overview

During the last recent years, the Micronesian economy's performance has been poor. Due to an increase in the price of goods, an unfavorable business climite and difficulties in disbursing the funds of the American help, Micronesia has gone through five years of recession. An growth rate of  0.5% is expected in 2010 and the medium term perspectives are not favorable. 

The priorities of the Micronesian government are to control the effects of the global economic crisis, to establish the required measures to reduce its budget deficit and to try to set free from its dependence on American aid which will expire in 2023. Structural reforms to stimulate the private sector and to improve the business environment are currently taking place. 

Unemployment affects more than one fifth of the population and more than 20% of the population is living below the poverty line.

 

FDI in Figures

The foreign investments into the country have been increasing, although at a very slow rhythm. Nevertheless, the slowdown of the global economy has posed a limit their strenght. 

 

The tourism sector offers good business potential. The usage of the US dollar as the national currency protects the i...

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