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Impact of the COVID-19 Pandemic on the Federated States of Micronesia: Economic Outcomes and Policy Review
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Impact of the COVID-19 Pandemic on the Federated States of Micronesia: Economic Outcomes and Policy Review
This EconMAP Economic Issue Paper explores the impact of COVID-19 on the economy of the Federated States of Micronesia, and the FSM's policy response to the pandemic. At the outset, the FSM took strong proactive measures to protect the health of the nation, and to-date has successfully avoided any cases of COVID-19. The paper begins with a brief overview of the economic performance and fiscal structure and of the FSM; details donor assistance and mitigation efforts in response to COVID-19; projects the short-term economic impact of the pandemic and likely fiscal recovery; and reviews economic and fiscal policies intended to support economic recovery and growth.
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Federated States of Micronesia
Impact of the COVID-19 Pandemic on the Federated States of Micronesia: Economic Outcomes and Policy Review
Posted Sep 13, 2021
This EconMAP Economic Issue Paper explores the impact of COVID-19 on the economy of the Federated States of Micronesia, and the FSM's policy response to the pandemic. At the outset, the FSM took strong proactive measures to protect the health of the nation, and to-date has successfully avoided any cases of COVID-19. The paper begins with a brief overview of the economic performance and fiscal structure and of the FSM; details donor assistance and mitigation efforts in response to COVID-19; projects the short-term economic impact of the pandemic and likely fiscal recovery; and reviews economic and fiscal policies intended to support economic recovery and growth.
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FSM FY22 Economic Statistics (Preliminary)
Posted Mar 01, 2024
This is the preliminary posting of the FSM FY22 Economic Statistics, prepared by the EconMAP team in collaboration with the FSM Department of Resources and Development, Statistics Division. Datasets include Demographic Statistics, National Accounts, Employment, Payroll, Tourism, Money and Banking, Consumer Prices, External Sector and GFS. Note that both PDF and Excel files are available for download.
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Posted Feb 16, 2023
This is the Performeter calculation for the Federated States of Micronesia based on Fiscal Year 2020 financials. The Performeter is a analytical tool that converts a government’s financial statements into useful and understandable measures of financial performance. Financial ratios and a copyrighted analysis methodology are used to arrive at an overall rating of 0-10.
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