Micronesia in the Lead
-
💼 FISIM Growth
The Financial Intermediary Services Indirectly Measured (FISIM) was valued at 3.7 million LCU in 2023, showing financial sector activity.
-
🏭 Manufacturing Value
In 2023, manufacturing value added was 2.3 million US$, highlighting a budding industrial sector.
-
🔨 Industry Value Added
Industry, including construction, contributed 9.1 million LCU in value added in 2023, indicating economic diversification.
-
💰 Broad Money Growth
By 2021, Micronesia's broad money supply reached 332 million LCU, indicating a stable monetary environment.
-
📚 High Education Expenditure
Education expenditure was 23.6% of GNI in 2021, showcasing a strong commitment to education.
-
👔 Employee Compensation Costs
In 2020, the compensation of employees amounted to 22.9 million LCU, a significant portion of government expenses.
-
📊 Minimal Interest Payments
Interest payments were just 523,714 LCU in 2020, indicating low debt servicing costs.
-
🏛️ Government Spending
Total government expenses reached 87.4 million LCU in 2020, reflecting significant public sector investment.
-
🤝 Subsidies and Transfers
In 2020, subsidies and other transfers totaled 6.7 million LCU, supporting social welfare.
-
🚦 Low Traffic Mortality
With a road traffic mortality rate of 0.2 per 100,000 in 2019, Micronesia boasts safe roads.
Micronesia Following Behind
-
🏥 High External Health Expenditure
In 2022, 77.2% of health expenditure was externally funded, indicating reliance on international aid.
-
📉 Minimal Deposit Interest Rates
In 2021, deposit interest rates were at a low 0.04%, reflecting limited returns for savers.
-
📱 Low Mobile Subscriptions
With only 19.4 mobile subscriptions per 100 people in 2021, connectivity remains a challenge.
-
🚢 Minimal Middle East Exports
In 2021, exports to the Middle East & North Africa were negligible, at 0.00001% of total merchandise exports.
-
💸 Limited Tax Revenue
Micronesia collected 26.2 million LCU in tax revenue in 2020, suggesting room for fiscal growth.
-
🌿 Minimal Land Protection
In 2018, only 0.05% of Micronesia's land was designated as protected areas, highlighting a need for increased conservation efforts.
