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15-64 years: 63.4% (male 33,566/female 34,215)
65 years and over: 3% (male 1,375/female 1,818) (2011 est.)
conventional short form: none
local long form: Federated States of Micronesia
local short form: none
former: Trust Territory of the Pacific Islands, Ponape, Truk, and Yap Districts
geographic coordinates: 6 55 N, 158 09 E
time difference: UTC+11 (16 hours ahead of Washington, DC during Standard Time)
1,524 to 2,437 m: 4
914 to 1,523 m: 2 (2012)
The Amended Compact of Free Association with the US guarantees the Federated States of Micronesia (FSM) millions of dollars in annual aid through 2023, and establishes a Trust Fund into which the US and the FSM make annual contributions in order to provide annual pay-outs to the FSM in perpetuity after 2023. The country’s medium-term economic outlook appears fragile due not only to the reduction in US assistance but also to the current slow growth of the private sector.
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