Edit
Phone Code: 00692Root-level Domain Code: .mh
Phone Code: 00692
Root-level Domain Code: .mh
Background: After almost four decades under US administration as the easternmost part of the UN Trust Territory of the Pacific Islands, the Marshall Islands attained independence in 1986 under a Compact of Free Association. Compensation claims continue as a result of US nuclear testing on some of the atolls between 1947 and 1962. The Marshall Islands hosts the US Army Kwajalein Atoll (USAKA) Reagan Missile Test Site, a key installation in the US missile defense network.
Economy Overview: US Government assistance is the mainstay of this tiny island economy. Agricultural production, primarily subsistence, is concentrated on small farms; the most important commercial crops are coconuts and breadfruit. Small-scale industry is limited to handicrafts, tuna processing, and copra. The tourist industry, now a small source of foreign exchange employing less than 10% of the labor force, remains the best hope for future added income. The islands have few natural resources, and imports far exceed exports. Under the terms of the Amended Compact of Free Association, the US will provide millions of dollars per year to the Marshall Islands (RMI) through 2023, at which time a Trust Fund made up of US and RMI contributions will begin perpetual annual payouts. Government downsizing, drought, a drop in construction, the decline in tourism, and less income from the renewal of fishing vessel licenses have held GDP growth to an average of 1% over the past decade.
Geography Note: Bikini and Enewetak are former US nuclear test sites; Kwajalein, the famous World War II battleground, is used as a US missile test range; island city of Ebeye is the second largest settlement in the Marshall Islands, after the capital of Majuro, and one of the most densely populated locations in the Pacific
Location: Oceania, two archipelagic island chains of 29 atolls, each made up of many small islets, and five single islands in the North Pacific Ocean, about one-half of the way from Hawaii to Australia
Natural Resources: coconut products, marine products, deep seabed minerals
Geographic Coordinates: 9 00 N, 168 00 E
Write Something Under This Category
