Marshall Islands

Names: conventional long form: Republic of the Marshall Islands conventional short form: Marshall Islands local long form: Republic of the Marshall Islands local short form: Marshall Islands abbreviation: RMI former: Trust Territory of the Pacific Islands, Marshall Islands District

Capital City: Majuro

Population: 60,422 (July 2006 est.)

GDP Per Capita: $2,900 (2005 est.)

Currency: US dollar (USD)

Languages: Marshallese 98.2%, other languages 1.8% (1999 census) note: English widely spoken as a second language; both Marshallese and English are official languages

Total Area: total: 11,854.3 sq km land: 181.3 sq km water: 11,673 sq km (note - lagoon waters) note: includes the atolls of Bikini, Enewetak, Kwajalein, Majuro, Rongelap, and Utirik about the size of Washington, DC

Region: Oceania

Industries: copra, tuna processing, tourism, craft items from seashells, wood, and pearls

Agriculture: coconuts, tomatoes, melons, taro, breadfruit, fruits; pigs, chickens

Resources: coconut products, marine products, deep seabed minerals

Labor Force: 14,680 (2000)
agriculture: 21.4% industry: 20.9% services: 57.7%

Exports: $9.1 million f.o.b. (2000)
copra cake, coconut oil, handicrafts, fish

Imports: $54.7 million f.o.b. (2000)
foodstuffs, machinery and equipment, fuels, beverages and tobacco

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.

CIA World Book

In 2007 Missouri exported $59,860 in goods to Marshall Islands. This ranks Marshall Islands 181st among the 223 international buyers of Missouri goods. Missouri exports to Marshall Islands decreased from the previous year by $45,440 a change of -43.15%. State exports to Marshall Islands have increased over the last 5 years by $42,997 a change of 254.98%. Missouri exports account for .00%. of all 2007 US exports to Marshall Islands.



NAICS Industry Annual
2002 2003 2004 2005 2006 2007
000 - Total All Industries MO 16,863 56,216 NA 220,968 105,300 59,860
000 - Total All Industries US 28,809,740 28,128,359 18,441,734 87,487,772 17,114,778 22,874,688
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