Attribute | Value |
---|---|
Geography | |
Area | 181 km² |
Continent | Australia |
Land area | 181 km² |
Water area | 0 km² |
Land boundaries | 0 km |
Border countries | Add |
Coastline | 370.4 km |
Mean elevation | 2 m |
Lowest point | 0 m |
Highest point | 14 m |
People | |
Population | 77,917 |
Official languages |
|
Religion | Protestant |
Government | |
Long country name | Republic of the Marshall Islands |
Short country name | Marshall Islands |
Long local name | Republic of the Marshall Islands |
Short local name | Marshall Islands |
Former name |
|
Government type | Presidential republic in free association with the US |
Capital | Majuro |
Economy | |
GDP (PPP) | 196,000,000 USD |
GDP (OER) | 222,000,000 USD |
GDP (real growth rate) | 2.5 % |
GDP - per capita (PPP) | 3,600 USD |
Gross national saving | Add |
Labor force | 10,670 |
Unemployment rate | 36 % |
Population below poverty line | Add |
Budget revenues | 116,700,000 USD |
Budget expenditures | 113,900,000 USD |
Military expenditures | Add |
Taxes and other revenues | 52.6 % of GDP |
Budget surplus or deficit | 1.3 % of GDP |
Public debt | 25.5 % of GDP |
Inflation rate | 0 % |
Central bank discount rate | Add |
Commercial bank prime lending rate | Add |
Stock of narrow money | Add |
Stock of broad money | Add |
Stock of domestic credit | Add |
Market value of publicly traded shares | Add |
Current account balance | -1,000,000 USD |
Exports | 0 USD |
Imports | 103,800,000 USD |
Reserves of foreign exchange and gold | Add |
External debt | 97,960,000 USD |
National currency | US Dollar |
National currency (code) | USD |
National currency (symbol) | $ |
National currency rate to USD | Add |
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 conducted on some of the atolls between 1947 and 1962 (67 tests total). The Marshall Islands hosts the US Army Kwajalein Atoll Reagan Missile Test Site, a key installation in the US missile defense network. Kwajalein also hosts one of four dedicated ground antennas that assist in the operation of the Global Positioning System (GPS) navigation system (the others are at Cape Canaveral, Florida (US), on Ascension (Saint Helena, Ascension, and Tristan da Cunha), and at Diego Garcia (British Indian Ocean Territory)).