In 2011, the Marshall Islands had a population of approximately 68,000 people. The economy was primarily based on fishing and tourism, with the US government providing significant aid. In terms of foreign relations, the Marshall Islands had strong ties with many countries in Asia and Oceania as well as the United States. It was an active member of the Pacific Islands Forum and other regional organizations. Politically, the country had a long history of democracy and political stability since its independence in 1986. The president at this time was Christopher Loeak who had been elected in 2008. He was widely respected for his efforts to promote economic development within the country as well as his commitment to maintaining Marshall Islands’ neutrality in international affairs. See mathgeneral for Marshall Islands in the year of 2017.
Yearbook 2011
Marshall Islands. In October, the Marshall Islands created the world’s largest shark sanctuary and introduced a total ban on shark fishing in their waters. According to Countryaah official site, the protection area is close to 2 million square kilometers, just over four times the size of Sweden. The shark is seriously threatened by fishing, about a third of the sharks are red listed. Sharks are particularly susceptible to fishing as they reproduce and grow slowly. In recent years, several sanctuaries have been created for the predator fish, including in nearby Palau 2009. The new Marshall Islands law means that fishing and trading of shark in the country is prohibited. Anyone who catches a shark has to let go of the living, and anyone who defies the fishing ban runs the risk of fines. Some harmful fishing gear has also been banned in the waters of the Marshall Islands. Visit ABBREVIATIONFINDER for the acronym of MHL that stands for the country of Marshall Islands.
Economy
Inflation rate | 0.00% |
Unemployment rate | 36% |
Gross domestic product (GDP) | 196,000,000 USD |
GDP growth rate | 2.50% |
GDP per capita | 3,600 USD |
GDP by sector | |
Agriculture | 4.40% |
Industry | 9.90% |
Service | 85.70% |
State budget | |
Revenue | 42 million |
Expenditure | 40 million |
Proportion of the population below the national poverty line | – |
Distribution of household income | |
Top 10% | k. A. |
Lower 10% | k. A. |
Industrial production growth rate | |
Investment volume | |
National debt | 25.50% of GDP |
Foreign exchange reserves | |
Tourism | 2012 |
Visitors | 5,000 |
Revenue | $ 5,400,000 |
On November 21, parliamentary elections were held. The turnout was reported to be high. The result was delayed because waiting for the postal votes from the US, where about a fifth of Micronesia lives.