Official Name: | The Republic of the Marshall Islands |
Sovereign Status: | Sovereign Country |
Government Type: | Presidential Republic in Free Association with the US |
Official Name (Local Language): | Republic of the Marshall Islands |
ISO Country Codes: | MH : MHL |
Internet Domain: | .mh |
Government Web Site: | https://rmiparliament.org/cms/ |
Capital: | Majuro | Main Airports: | Amata Kabua/Marshall Islands International Airport |
Language(s): | Marshallese;English | Population: | 78,831 |
Currency: | US Dollar | ISO Currency Code: | USD |
Telephone Dial In: | +692 | ID Prefix: | 00 |
Government Website: | https://rmiparliament.org/cms/ |
Central Bank: | U.S. Federal Reserve Bank |
Currency USD Exchange Rate: | The Marshall Islands use the US Dollar |
Unemployment Rate: | 36% (2006 est.) |
Population below poverty line: | NA |
Inflation Rate: | 0% (2017 est.) |
Prime Lending Rate: | N\A |
GDP: | $0.222 billion (2017 est.) |
GDP Pro Capita (PPP): | $3,889 (2018 est.) |
Currency Name: | US Dollar |
Currency Code: | USD |
World Bank Classification: | Upper Middle Income |
GDP Composition:
Agriculture: | 4.4% | coconuts, tomatoes, melons, taro, breadfruit, fruits; pigs, chickens |
Industry: | 9.9% | copra, tuna processing, tourism, craft items (from seashells, wood, and pearls) |
Services: | 85.7% |
Subject to Country Specific Sanctions? NO
Business Language(s): | English; Marshallese |
Customs & Excise: | Republic of the Marshall Islands Ministry of Finance |
Development Bank(s): | Asian Development Bank; Pacific Islands Development Bank (PIDB); |
Competitive Ind’l Performance: N/A | Corruption Perceptions Index: N/A |
Ease of Doing Business: 153/190 (2019) | Enabling Trade Index: N/A |
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Export Credit Agency: Caribbean Export Development Agency ;
Investment & Export Promotion Agency: Office of commerce, Investment & Tourism ; Pacific Trade Invest ;
Imports:
$0.104 billion (2016 est.)
Main Imports:
foodstuffs, machinery and equipment, fuels, beverages, tobacco
Exports:
$0 (2013 est.)
Main Exports:
copra cake, coconut oil, handicrafts, fish
Top Export Partners:
Top Import Partners:
Source: Central Intelligence Agency Factbook
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