Marshall Islands - Balance of payments

Follow founder on our Forum or

The economy suffers from a long-standing imbalance of trade, with imports far exceeding exports. A comprehensive record of international transactions in the form of standardized balance-ofpayments accounts was not maintained during the trusteeship period (prior to 1986). The chronic trade deficit is offset by official unrequited transfers, predominantly from the US.

The US Central Intelligence Agency (CIA) reports that in 2000 the purchasing power parity of the Marshall Islands's exports was $9 million while imports totaled $54 million resulting in a trade deficit of $45 million.

Also read article about Marshall Islands from Wikipedia

User Contributions:

Comment about this article, ask questions, or add new information about this topic: