Federated States of Micronesia and ADB

In the Spotlight

Overview

Despite robust growth of the fishery sector, the overall economic outlook for the Federated States of Micronesia (FSM) remains challenging, as private sector activities are yet to offset declining public investments resulting from reductions of financing from Compact grants. The FSM government and ADB are together placing particular importance on private sector development to put the economy on a higher growth path. The FSM also needs to prepare a medium-term fiscal reform plan to ensure sufficient fiscal resources upon the planned expiration of the Compact grants in fiscal year 2023.

Fact Sheet


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Funding Information


Fast Facts

0.1(2013) Population in millions

0.1%(2008-2013) Average annual population growth rate

31.4(2005) Percent of population living below the national poverty line

Download 2014 Basic Statistics