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Marshall Islands
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Republic of the Marshall Islands

Country Report

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).

Location

The Republic of the Marshall Islands consists of 29 atolls and five isolated islands in the North Pacific Ocean, about halfway between Hawaii and Australia; the atolls and islands are situated in two, almost-parallel island chains – the Ratak (Sunrise) group and the Ralik (Sunset) group; the total number of islands and islets is about 1,225, while 22 of the atolls and 4 of the islands are uninhabited.

 

Land Mass

181 km2

Official Languages

English, Marshallese

Population

58,413

Head of State

David Kabua

Capital

Majuro

Status

Unitary Parliamentary Republic

Economy

US assistance and lease payments for the use of Kwajalein Atoll as a US military base are the mainstay of this small island country. Agricultural production, primarily subsistence, is concentrated on small farms; the most important commercial crops are coconuts and breadfruit. Industry is limited to handicrafts, tuna processing, and copra. Tourism holds some potential. The islands and atolls have few natural resources, and imports exceed exports.

The Marshall Islands received roughly $1 billion in aid from the US during the period 1986-2001 under the original Compact of Free Association (Compact). In 2002 and 2003, the US and the Marshall Islands renegotiated the Compact’s financial package for a 20-year period, 2004 to 2024. Under the amended Compact, the Marshall Islands will receive roughly $1.5 billion in direct US assistance. Under the amended Compact, the US and Marshall Islands are also jointly funding a Trust Fund for the people of the Marshall Islands that will provide an income stream beyond 2024, when direct Compact aid ends.

Gross Domestic Product

USD 196 million total
USD 3,600 per capita

Public Debt

25.5% of GDP

IDD Country Code

+692

External Debt

USD 97.96 million

Exports

USD 0

Currency

United States Dollar (USD)

Import - Partners

NA

Unemployment Rate

36%

Export - Partners

NA

Population below poverty line

NA

Demographics

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Marshall Islands
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