Capital: Majuro Language: English Currency: US dollar (USD)
Cities of Marshall Islands
General details about Marshall Islands
CAPITAL CITY OF Marshall Islands: Majuro LANGUAGE OF Marshall Islands: English CURRENCY OF Marshall Islands: US dollar (USD) COMMENTS ABOUT Marshall Islands: The Marshall Islands, officially the Republic of the Marshall Islands (RMI), is a Micronesian island nation in the western Pacific Ocean Cities : Majuro Calling code : +692 Time zone : (UTC+12)
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 on some of the atolls between 1947 and 1962. The Marshall Islands hosts the US Army Kwajalein Atoll (USAKA) Reagan Missile Test Site, a key installation in the US missile defense network. CLIMATE OF Marshall Islands: tropical; hot and humid. Wet season from May to November; hot and humid; islands border typhoon belt. RELIGION OF Marshall Islands: Christian (mostly Protestant) POPULATION OF Marshall Islands: 57,738 (July 2004 est.)>> ECONOMY OVERVIEW OF Marshall Islands: US Government assistance is the mainstay of this tiny island economy. Agricultural production is primarily subsistence and 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 Compact of Free Association, the US has provided more than $1 billion in aid since 1986. Negotiations have continued for an extended agreement. Government downsizing, drought, a drop in construction, the decline in tourism and foreign investment due to the Asian financial difficulties, and less income from the renewal of fishing vessel licenses have held GDP growth to an average of 1% over the past decade.
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CAPITAL CITY OF Marshall Islands: Majuro
