The government of the Marshall Islands is the largest employer, employing 30. Politics of the Marshall Islands takes place in a framework of a parliamentary representative democratic Republic, and of an emerging Multi-party The Marshall Islands, officially the Republic of the Marshall Islands (RMI is a Micronesian nation of islands in the middle of the Pacific Ocean 6% of the work force, down by 3. 4% since 1988. GDP is derived mainly from payments made by the United States under the terms of the Compact of Free Association. The United States of America —commonly referred to as the The Compact of Free Association ( COFA) defines the relationship that three sovereign states—the Federated States of Micronesia (FSM the Republic of the Marshall Direct U. S. aid accounted for 60% of the Marshalls' $90 million budget.
The economy combines a small subsistence sector and a modern urban sector. In short, fishing and breadfruit, banana, taro, and pandanus cultivation constitute the subsistence sector. For the computer security term see Phishing. Fishing is the activity of catching Fish. Breadfruit ( Artocarpus altilis) is a Tree and Fruit native to the Malay Peninsula and western Pacific islands For the fruit see Banana. For other meanings see Banana (disambiguation. Taro (from Tahitian or other Polynesian languages) more rarely kalo (from Hawaiian) and gabi in The Philippines, is a Pandanus is a Genus of Monocots with about 600 known Species. On the outer islands, production of copra and handicrafts income provide cash income. Copra is the dried meat or kernel of the Coconut. The name copra is derived from the Malayalam word kopra for dried coconut Handicraft, also known as craftwork or simply Craft, is a type of work where useful and decorative devices are made completely by hand or using only simple tools The modern service-oriented economy is located in Majuro and Ebeye. Majuro (ˈmædʒəroʊ population 25400 people ( As of 2004) is the Capital and largest city of the Republic of the Marshall Islands. Ebeye is the most populous island of Kwajalein Atoll in the Marshall Islands, as well as the center for Marshallese culture in the Ralik Chain It is sustained by government expenditures and the U.S. Army installation at Kwajalein Atoll. The United States Army is a military organization whose primary mission is to "provide necessary forces and capabilities. Kwajalein Atoll ( Marshallese: Kuwajleen; kʷuwːɔ͡ɛt̪ʲl̪ʲɪn̪ʲ common English pronunciation ˈkwɑːʤəlɨ̞n often nicknamed Kwaj The airfield there also serves as a second national hub for international flights.
The modern sector consists of wholesale and retail trade; restaurants; banking and insurance; construction, repair, and professional services; and copra processing. Wholesaling is the sale of Goods or Merchandise to Retailers to industrial commercial institutional or other professional Business users Trade is the willing exchange of goods, services, or both Trade is also called Commerce. A restaurant is a retail establishment that serves prepared Food to Customers. A banker or bank is a Financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money Insurance, in Law and Economics, is a form of Risk management primarily used to hedge against the Risk of a contingent loss Copra cake and oil are by far the nation's largest exports. A tuna loining plant employs 300 workers, mostly women, at $1. Tuna, are several Species of ocean-dwelling Fish in the family Scombridae, mostly in the genus Thunnus. 50 per hour. Copra production, the most important single commercial activity for the past 100 years, now depends on government subsidies. The subsidies, more a social policy than an economic strategy, help reduce migration from outer atolls to densely populated Majuro and Ebeye.
Marine resources, including fishing, aquaculture, tourism development, and agriculture, are top government development priorities. The Marshall Islands sells fishing rights to other nations as a source of income. In recent years, the Marshall Islands has begun to offer ship registrations under the Marshall Islands flag. As a small nation, the Marshall Islands must import a wide variety of goods, including foodstuffs, consumer goods, machinery, and petroleum products. Food is any substance usually composed primarily of Carbohydrates Fats water and/or Proteins that can be eaten or drunk by an Petroleum products are useful materials derived from crude oil ( Petroleum) as it is processed in Oil refineries.
GDP: purchasing power parity - $115 million (2001 est. )
GDP - real growth rate: 1% (2001 est. )
GDP - per capita: purchasing power parity - $2 300 (2001 est. )
GDP - composition by sector:
agriculture: 15%
industry: 13%
services: 72% (1995)
Population below poverty line: NA%
Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices): 5% (1997)
Labor force: NA
Labor force - by occupation: agriculture NA%, industry NA%, services NA%
Unemployment rate: 16% (1991 est. )
Budget:
revenues: $80. 1 million
expenditures: $77. 4 million, including capital expenditures of $19. 5 million (FY95/96 est. )
Industries: copra, fish, tourism, craft items from shell, wood, and pearls, offshore banking (embryonic)
Industrial production growth rate: NA%
Electricity - production: 57 GWh (1994)
Electricity - production by source:
fossil fuel: NA%
hydro: NA%
nuclear: NA%
other: NA%
Electricity - consumption: 57 GWh (1994)
Electricity - exports: 0 kWh (1994)
Electricity - imports: 0 kWh (1994)
Agriculture - products: coconuts, cacao, taro, breadfruit, fruits; pigs, chickens
Exports: $28 million (f. The Coconut Palm ( Cocos nucifera) is a member of the Family Arecaceae (palm family CACAO is a research Java Virtual Machine developed at Vienna University of Technology. Taro (from Tahitian or other Polynesian languages) more rarely kalo (from Hawaiian) and gabi in The Philippines, is a Breadfruit ( Artocarpus altilis) is a Tree and Fruit native to the Malay Peninsula and western Pacific islands Pigs, also called hogs or' swine', are Ungulates which have been domesticated as sources of food leather and similar products since ancient times The chicken ( Gallus gallus, sometimes G gallus domesticus) is a domesticated Fowl which is traditionally believed to have descended from o. b. , 1997 est. )
Exports - commodities: fish, coconut oil, fish, trochus shells
Exports - partners: United States, Japan, Australia
Imports: $58 million (f. The Coconut Palm ( Cocos nucifera) is a member of the Family Arecaceae (palm family The United States of America —commonly referred to as the For a topic outline on this subject see List of basic Japan topics. For a topic outline on this subject see List of basic Australia topics. o. b. , 1997 est. )
Imports - commodities: foodstuffs, machinery and equipment, fuels, beverages and tobacco
Imports - partners: United States, Japan, Australia, New Zealand, Guam, Singapore
Debt - external: $125 million (FY96/97 est. Tobacco is an Agricultural product recognized as an addictive drug processed from the fresh Leaves of plants in the genus Nicotiana. The United States of America —commonly referred to as the For a topic outline on this subject see List of basic Japan topics. For a topic outline on this subject see List of basic Australia topics. New Zealand is an Island country in the south-western Pacific Ocean comprising two main landmasses (the North Island and the South Island Guam ( Chamorro: cha Guåhån) officially the Territory of Guam, is an island in the western Pacific Ocean and is an organized unincorporated Singapore )
Economic aid - recipient: approximately $65 million annually from the US
Currency: 1 United States dollar (US$) = 100 cents
Exchange rates: US currency is used
Fiscal year: 1 October - 30 September
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Coconut oil
On September 15, 2007, Witon Barry, of the Tobolar Copra processing plant in the Marshall Islands capital of Majuro said power authorities, private companies and entrepreneurs had been experimenting with coconut oil as an alternative to diesel fuel for vehicles, power generators and ships. Events 331 BC - Alexander the Great defeats Darius III of Persia in the Battle of Gaugamela. Events 1399 - Henry IV is proclaimed King of England. 1744 - France and Spain defeat the Events 668 - Eastern Roman Emperor Constans II is assassinated in his bath at Syracuse Italy. The Marshall Islands, officially the Republic of the Marshall Islands (RMI is a Micronesian nation of islands in the middle of the Pacific Ocean Majuro (ˈmædʒəroʊ population 25400 people ( As of 2004) is the Capital and largest city of the Republic of the Marshall Islands. Coconut oil, also known as coconut butter, is a tropical oil with many applications Diesel or Diesel fuel (ˈdiːzəl in general is any Fuel used in Diesel engines The most common is a specific fractional distillate of petroleum Vehicles, derived from the Latin word vehiculum, are non-living Means of transport. Electric power is defined as the rate at which Electrical energy is transferred by an Electric circuit. In Electricity generation, an electrical generator is a device that converts Mechanical energy to Electrical energy, generally using Electromagnetic A ship /ʃɪp/ is a large vessel that floats on water Ships are generally distinguished from Boats based on size Coconut trees abound in the Pacific's tropical islands. A tree is a perennial Woody plant. It is most often defined as a woody plant that has many secondary branches supported clear of the ground on a single main stem or The Tropics are centered on the Equator and limited in Latitude by the Tropic of Cancer in the northern hemisphere at approximately 23°26' (23 An island (ˈaɪlənd or isle (/ˈaɪl/ is any piece of land that is completely surrounded by water in two dimensions above high tide and isolated from other significant Copra, from 6 to 10 coconuts makes 1 litre oil. Copra is the dried meat or kernel of the Coconut. The name copra is derived from the Malayalam word kopra for dried coconut The Coconut Palm ( Cocos nucifera) is a member of the Family Arecaceae (palm family The litre or liter (see spelling differences) is a unit of Volume. An oil is a substance that is in a viscous Liquid state ( "oily") at ambient temperatures or slightly warmer and is [1]