The resumption of public investments has helped the economy attain 1.4% growth in FY2015, following 3 years of economic contraction. Stimulus from construction under compact infrastructure grants will support growth in the near term.  Growth forecast for Federated States of Micronesia is 2.5% in 2017.

Economic activity consists of subsistence farming and fishing and government which is funded largely by Compact of Free Association (Compact) assistance provided by the US. The islands have few known mineral deposits worth commercial exploration. The potential for tourism is also limited by isolation, lack of adequate facilities, and limited air and water connections 

A current update on Micronesia from the US Department of State

This site reports on the ease of doing business in Micronesia.

This World Bank site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Micronesia, Fed Sts. 

This World Bank site ranks the ease of doing business in Micronesia. Overall, Micronesia ranks 151 of the 190 countries in the world.

Micronesia Registration Advisors has a government contract to assist new companies witht ehregistration process.

This World Bank site provides a detailed summary of the bureaucratic and legal hurdles faced by entrepreneurs wishing to incorporate and register a new firm in Micronesia, Fed Sts. 

The Sales Tax Rate in Micronesia stands at 5 percent. Sales Tax Rate in Micronesia averaged 5.00 percent from 2014 until 2015, reaching an all time high of 5.00 percent in 2015 and a record low of 5.00 percent in 2015.

This site provides a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year (including VAT)

This site provides a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as administrative burden in paying taxes and complying with postfiling procedures.

The corporate tax rate is 21 percent

The personal income tax rate is 10 percent

Comprehensive Information on Micronesia Visa Requirements

Each island airport has its own customs and immigration officers. If you plan on visiting several islands on one trip, you will be passing through customs and immigration lines at each stop and filling out the usual paperwork. U.S. citizens may enter any FSM state with a U.S. passport or proof of U.S. citizenship (birth certificate). Non U.S. citizens must have a valid passport from their country of origin.

None of the Pacific Islands of Micronesia have widely available public transportation options except for taxis.

Tips on getting to and getting around Federated States of Micronesia from real travelers and locals.

This dated (2011) site provides a brief commentary on the communications systems in the Federated States of Micronesia.

The FSM has over 8,400 subscribers with a telephone density of 8.02 telephone lines per 100 population. All telecommunication services are provided by the FSM Telecommunications Corp., a public corporation.

See “Title 51. Labor” in the Code of the Federated States of Micronesia

See “Title 51. Labor” in the Code of the Federated States of Micronesia

The Federated States of Micronesia (FSM) is a source and, to a limited extent, a destination country for men, women, and children subjected to forced labor and sex trafficking.

Average prices of more than 40 products and services in Micronesia. Prices of restaurants, food, transportation, utilities and housing are included.

Cost of living comparisons in more than 1,600 cities all over the world.

A commentary on the society of Micronesia including customs and etiquette.

Dining etiquette in Micronesia

See “People and Society” on this CIA site.

Facts and statistics on the population of Micronesia

Micronesia enjoys a tropical climate, with relatively even, warm temperatures throughout the year. The climate in the Micronesia averages 80° F year round, with highs in the high 80s and lows in the high 70s.

The latest weather forecast for Federated States of Micronesia, along with updates about temperature, humidity, local conditions and more

Safe travel advice while visiting the islands of Micronesia

Latest travel advice for Micronesia including safety and security, entry requirements, travel warnings and health

There is not a great deal to be said about education in Micronesia, beyond the bald fact that it is supposed to be compulsory for 8 years. In this poor country, 18.4% of youngsters get as far as  college, 32% make it to high school and 36% just to elementary school, while the rest never go to school at all. 

This list contains the most popular international and bilingual schools in Micronesia, including nursery schools, primary and secondary (high) schools.

Micronesia holidays 2016, bank holidays, national holidays, official holiday calendar, religious festivals and celebrations for the year 2016

Discover the complete list of Micronesia’s public holidays for 2016 and 2017

Micronesia Customs regulations and procedures for importing and exporting goods at border. 

A UPS listing of items that cannot be imported to Micronesia.

A summary of import and export regulations

Information from the US Department of State on the trade relationship with Micronesia

Micronesia is not a WTO member and does not currently have Observer rights

Advise on apartment hunting in Micronesia

1,041 traveler reviews, candid photos, and prices for 14 hotels in Federated States of Micronesia.

More than 2,000 nautical miles separate the most distant islands and the entire nation covers more than 3 million square miles of the Pacific Ocean. Tropical jungles, spectacular coral reefs and peaceful lagoons attract visitors to Micronesia from all over the world.

A good guide for travel to Micronesia with information on transportation, destinations and attractions.