World Happiness Report for Federated States of Micronesia 2024
- Overall Happiness Rank Federated States of Micronesia: na
- Happiness Score Federated States of Micronesia:na
Happiness is a subjective concept that has long been debated by philosophers, psychologists, and economists alike. However, in recent years, there has been a growing interest in quantifying happiness and using it as a measure of a nation’s overall well-being. This is where the concept of the Happiness Index comes into play.
What is the Happiness Index?
The Happiness Index is a measure that attempts to quantify the overall happiness and life satisfaction of a country’s population. It is based on the idea that traditional economic indicators, such as Gross Domestic Product (GDP), do not fully capture the overall well-being of a society. The Happiness Index takes into account various factors that contribute to an individual’s sense of happiness and life satisfaction, including social support, freedom to make life choices, healthy life expectancy, and perceptions of corruption.
How is the Happiness Index Calculated?
The Happiness Index is calculated through a combination of subjective and objective data. The primary source of data is the Gallup World Poll, which is a survey conducted in over 160 countries. The survey asks respondents to rate their overall life satisfaction on a scale of 0 to 10, with 0 being the worst possible life and 10 being the best possible life.
In addition to the life satisfaction score, the Happiness Index also takes into account the following factors:
- GDP per capita: This is a measure of a country’s economic output and standard of living.
- Social support: This factor measures the extent to which individuals have supportive relationships and love in their lives.
- Healthy life expectancy: This is a measure of the number of years an individual is expected to live in good health.
- Freedom to make life choices: This factor measures the extent to which individuals are able to make decisions about their lives without external constraints.
- Generosity: This factor measures the extent to which individuals engage in charitable activities and donate to others.
- Perceptions of corruption: This factor measures the extent to which individuals perceive their society to be free from corruption.
These factors are weighted and combined to produce an overall Happiness Index score for each country.
What Does the Happiness Index Affect?
The Happiness Index has significant implications for policymaking and societal well-being. Countries with higher Happiness Index scores are generally considered to have better overall quality of life and well-being for their citizens. This can have positive impacts on various aspects of society, including:
- Economic productivity: Happier individuals tend to be more productive and engaged in their work, which can contribute to a country’s economic growth.
- Public health: Higher levels of happiness and life satisfaction are associated with better physical and mental health outcomes, which can reduce healthcare costs and improve overall well-being.
- Social cohesion: Societies with higher levels of happiness tend to have stronger social bonds and lower levels of conflict and crime.
- Environmental sustainability: Happier individuals may be more likely to engage in environmentally-friendly behaviors and support policies that promote sustainability.
By focusing on the factors that contribute to happiness and well-being, policymakers can develop strategies to improve the overall quality of life for their citizens. The Happiness Index provides a valuable tool for measuring progress and identifying areas where improvements can be made.
Short information
- Abbreviation of Federated States of Micronesia. FM.
Federated States of Micronesia is
- known for its political structure as a democratic federation with a president as its head of state.
- rich in cultural aspects such as traditional dances, rituals, and handicrafts.
- significantly economically through fishing, agriculture, and tourism.
Federated States of Micronesia – An Overview
History: The Federated States of Micronesia (FSM) is an island nation located in the western Pacific Ocean. The earliest inhabitants were of Austronesian descent, with evidence of settlements dating back to around 2,000 BC. The islands were first explored by European navigators in the 16th century, and later came under Spanish rule. In the late 19th century, the islands were sold to Germany and then occupied by Japan during World War I.
Colonial Period: After World War II, the islands became part of the United Nations Trust Territory of the Pacific Islands, administered by the United States. The FSM gained independence in 1986 after being part of the US Trust Territory.
Independence and Modern Era: The FSM is a democratic nation with a federal system of government. It has experienced relative political stability since independence, with a focus on economic development and environmental conservation.
Current Political Situation: The FSM is a constitutional federal republic with a president as the head of state and a unicameral Congress. The current president is David W. Panuelo, who was elected in 2019.
International Relations: The FSM maintains close ties with the United States and has a Compact of Free Association, which provides economic assistance and defense cooperation. It also has diplomatic relations with various countries in the Pacific region and globally.
Human Development and Economy: The FSM has a developing economy primarily based on fishing, agriculture, and tourism. The country faces challenges related to geographic isolation, limited resources, and environmental vulnerabilities.
Cultural Highlights: The FSM has a rich cultural heritage with diverse traditions, languages, and customs across its constituent states. Traditional customs, including navigational skills and canoe building, are still practiced.
Challenges and Opportunities: The FSM faces challenges such as climate change, environmental degradation, and economic development. Opportunities exist in sustainable tourism, renewable energy, and preserving its unique cultural heritage.
Travel Tips for the Federated States of Micronesia
– Best times to visit are during the dry season from November to April for optimal weather conditions.
– Respect local customs and dress modestly, especially when visiting villages or cultural sites.
– Exercise caution when participating in water activities, as strong currents and rip tides can be dangerous.
– Don’t miss iconic landmarks like the Nan Madol ruins, the Lelu ruins, and the beautiful beaches of Chuuk Lagoon.
– Try traditional dishes like breadfruit, coconut-based curries, and fresh seafood.
Living in the Federated States of Micronesia
– The cost of living is relatively high due to the remote location and reliance on imported goods.
– Housing options range from traditional houses to modern apartments, with rentals available in urban areas.
– Healthcare facilities are limited, and many residents seek medical treatment abroad for serious conditions.
– The educational system is modeled after the US system, with public and private schools available.
– Adapt to the laid-back island lifestyle and be mindful of cultural norms and traditions.
Doing Business in the Federated States of Micronesia
– The business culture values personal relationships and building trust.
– Key industries include fishing, tourism, and agriculture, with opportunities in renewable energy and sustainable development.
– Foreign investment is encouraged, but regulations and bureaucracy can be challenging.
– Establish local partnerships and hire local advisors to navigate the business environment effectively.
– Be patient and respectful during negotiations, as decision-making can be a slow process.
Studying in the Federated States of Micronesia
– The educational system follows the American model, with primary, secondary, and tertiary institutions.
– The College of Micronesia is the national college, offering associate and bachelor’s degree programs.
– International students need to obtain a student visa and meet language proficiency requirements.
– Student life is influenced by the island culture, with opportunities for outdoor activities and cultural immersion.
– Scholarships and financial aid options are available, but limited for international students.
Main facts
Location
The Federated States of Micronesia is an island nation located in the western Pacific Ocean, situated approximately 4,000 km southwest of the Hawaiian Islands. It is composed of 607 islands spread across the Caroline Islands archipelago, with the largest islands being Pohnpei, Chuuk, Yap, and Kosrae. The country lies in the region known as Micronesia, situated between the Philippines and Hawaii.
Map References
Region: Micronesia, Western Pacific Ocean
Area – Comparative
The total land area of the Federated States of Micronesia is approximately 702 sq km, making it slightly larger than the size of Bahrain.
Land Boundaries and Border Countries
As an island nation, the Federated States of Micronesia has no land borders with other countries.
Coastline
The Federated States of Micronesia has a total coastline of 6,112 km, with its islands surrounded by the Pacific Ocean.
Maritime Claims
Territorial Sea: 12 nautical miles
Exclusive Economic Zone: 200 nautical miles
Climate
The Federated States of Micronesia has a tropical climate, with high temperatures and humidity throughout the year. The country experiences a rainy season from July to October, with the remaining months being relatively dry.
Terrain
The terrain of the Federated States of Micronesia is predominantly composed of islands of volcanic origin with high mountainous areas, along with coral atolls and low-lying coastal areas.
Elevation Extremes
Highest Point: Mount Totolom (791 m) on Pohnpei Island
Lowest Point: Pacific Ocean (0 m)
Natural Resources
The Federated States of Micronesia has limited natural resources, including arable land, forests, marine products, deep-seabed minerals, and potential deposits of phosphate.
Major Bodies of Water
The major bodies of water in the Federated States of Micronesia include the Pacific Ocean, as well as lagoons and lagoon lakes within the islands.
Natural Hazards
The Federated States of Micronesia is subject to natural hazards such as typhoons (June to December), and tropical storms and drought.
Geography – Notes
The Federated States of Micronesia comprises numerous small islands scattered across a vast area of the Pacific Ocean, making transportation and communication between islands a significant challenge. The country is also vulnerable to rising sea levels and coastal erosion due to its low-lying nature.
- Forest Area (% of land area): 91.90%. This is the percentage of a country’s total land area that is covered by natural or planted forests.
- Co2 Emissions: 143. CO2 emissions refer to the release of carbon dioxide gas into the atmosphere, primarily from the burning of fossil fuels (coal, oil, and natural gas) for energy production, transportation, and industrial processes.
- Agricultural Land( %). 31.40%. Agricultural land refers to the share of land area that is arable and used for cultivating crops or raising livestock.
- Geographic Coordinates: 7.425554150.550812.
- Capital: The capital of Federated States of Micronesia is Palikir
- Major Cities:
- Palikir – Population: 7,321
- Weno – Population: 13,856
- Colonia – Population: 1,200
- Lelu – Population: 710
- Population: 113,815
- Area(Km2): 702
- Population Density( P/Km²):784. This is the number of people living per square kilometer of land area in a given region or country.
- Calling Code:691
- Official Language(s):English (official) 62.9%, Chuukese 24.1%, Kosraean 5.7%, Pohnpeian 5.1%
- Currency: USD
Main Economic Indicators
The Federated States of Micronesia (FSM) has a small and developing economy dominated by the service sector, particularly tourism and public administration. The country faces significant economic challenges, including geographic isolation, a narrow resource base, and limited skilled labor. Notable economic policies have focused on promoting private sector growth and reducing reliance on foreign aid.
Inflation Rate (Consumer Prices)
Inflation rate (consumer prices):
- 2021: 4.9% (Source: Asian Development Bank)
- 2020: 1.9% (Source: Asian Development Bank)
Credit Ratings
The Federated States of Micronesia does not have a credit rating from major agencies like Fitch, Moody’s, and Standard & Poor’s.
GDP – Composition by Sector of Origin
Composition of GDP by sector:
- Agriculture: 28%
- Industry: 15%
- Services: 57% (Source: CIA World Factbook)
Key Agricultural and Industrial Products
Agricultural Products: fish, coconuts, bananas, cassava, sweet potatoes
Industrial Products: tourism services, construction, fish processing, craft items
Labor Force
Total labor force: 19,400 (2019 est.)
Comparative ranking: Not available
Current Account Balance
Current account balance:
- 2021: -$104 million (Source: Asian Development Bank)
- 2020: -$72 million (Source: Asian Development Bank)
Comparative ranking: Not available
Exports and Imports
Exports:
- Total value: $12.9 million (2020 est.)
- Key partners: Guam, Japan, China
- Main commodities: fish, garments, bananas, black pepper
Imports:
- Total value: $232.1 million (2020 est.)
- Key partners: United States, Japan, Singapore, China
- Main commodities: food, beverages, machinery, chemicals, clothing
Reserves of Foreign Exchange and Gold
Foreign exchange reserves: $101.9 million (2021 est.)
Gold reserves: Not available
- GDP (Current US$):$401,932,279. It represents a country’s gross domestic product measured in current US dollars. Higher values indicate a larger economy and economic output.
- Tax Revenue (% of GDP): 25.20%. It refers to the amount of tax revenue collected by the government, expressed as a percentage of the country’s gross domestic product (GDP). Higher values indicate a higher tax burden relative to the size of the economy.
- Total Tax Rate (% of commercial profits): 60.50%. This is the sum of all taxes payable by businesses, expressed as a percentage of their commercial profits. Higher values indicate a higher tax burden on businesses.
- Gasoline Price. . It refers to the cost of one liter or gallon of gasoline/petrol. Higher values indicate more expensive gasoline prices for consumers and businesses.
- Minimum wage. . It refers to the lowest legally mandated hourly wage that employers must pay their workers. Higher values indicate a higher minimum level of pay for low-wage workers.
- Unemployment Rate (%): . It represents the percentage of the labor force that is unemployed and actively seeking employment. Higher values indicate more joblessness in the economy.
Social Indicators
National Identity
Noun: Micronesian(s)
Adjective: Micronesian
Ethnic Groups
Chuukese 49.3%
Pohnpeian 29.8%
Kosraean 6.3%
Yapese 5.7%
Yap outer islanders 5.1%
Asian 1.6%
Polynesian 1.5%
Other 0.7%
Religions
Protestant 47.8%
Roman Catholic 46.5%
Other 3.6%
None 2.1%
Age Structure
0-14 years: 34.22%
15-64 years: 60.85%
65 years and over: 4.93%
Dependency Ratios
Total dependency ratio: 64.4
Youth dependency ratio: 56.2
Elderly dependency ratio: 8.1
Median Age
Total: 24.4 years
Male: 24.1 years
Female: 24.7 years
Lifestyle Indicators
Obesity rate: 45.8% (2016)
Alcohol consumption: Estimated per capita consumption is low.
Tobacco use: Prevalence of smoking among adults (15+ years) is 29.1% (2020)
- Life Expectancy at Birth: 67.8. Life Expectancy at Birth refers to the estimated average number of years a newborn is expected to live based on current mortality rates. Higher values indicate better health outcomes and living conditions in a country or region.
- Literacy Rate (% of adults): 38.4%. It refers to the percentage of the population aged 15 and above who can read and write with understanding of a short simple statement about their everyday life. Higher literacy rates indicate better educational attainment within a population.
- Birth Rate:22.82. Birth Rate is the total number of live births per 1,000 population in a given year. Higher birth rates indicate a larger share of the population being born each year.
- Death Rate:6. Death Rate is the number of deaths per 1,000 population in a given year. Higher death rates indicate more people dying annually within a population.
- Fertility Rate: 2.7. Fertility Rate is the average number of children a woman would have over her reproductive years based on current birth rates. Higher fertility rates indicate larger family sizes and population growth.
- Internet Users (% of population): 7%. Internet Users (% of population) refers to the percentage of the total population in a country or region that has access to and uses the internet. Higher values indicate greater internet penetration and connectivity among the population.
- Urban Population: 25,963. Urban Population refers to the percentage or number of people living in urban areas or cities within a country or region. Higher urban population values indicate greater urbanization and concentration of people in cities compared to rural areas.
- Out of Pocket Health Expenditure (% of total health expenditure):2.50%. Out of Pocket Health Expenditure (% of total health expenditure) represents the portion of total health care costs that individuals pay directly out of their own pockets, rather than being covered by insurance or government programs. Higher values indicate greater personal financial burden for health care expenses.
Infrastructure and Services
Military and Security Forces
The Federated States of Micronesia (FSM) has no formal military forces. The country’s internal security is maintained by a small national police force, the Micronesian Police Force, which operates under the Department of Justice. The police force is primarily responsible for maintaining law and order within the country’s four states: Chuuk, Kosrae, Pohnpei, and Yap.
Military Expenditures
Due to the absence of a formal military, the Federated States of Micronesia does not have a dedicated military budget. Expenditures related to national security and law enforcement are included within the overall government budget.
Personnel Strengths
The Federated States of Micronesia does not have active-duty military personnel. The Micronesian Police Force employs approximately 200 officers across the four states.
Military Equipment Inventories and Acquisitions
The Federated States of Micronesia does not possess significant military hardware or equipment. The national police force is equipped with standard law enforcement equipment, such as firearms, vehicles, and communication systems.
Military Service Age and Obligation
There is no mandatory military service requirement in the Federated States of Micronesia.
Military Deployments
The Federated States of Micronesia does not have any overseas military deployments.
Strategic Military Notes
As a sovereign nation with no formal military, the Federated States of Micronesia relies primarily on its constitutional law enforcement agencies to maintain internal security and public order. The country has a Compact of Free Association with the United States, which provides for defense and security assistance from the U.S. military in the event of external threats or emergencies.
- Armed Forces Size: . Armed Forces Size refers to the total number of active personnel serving in a country’s military forces, including the army, navy, air force, and other branches. Higher values indicate a larger military presence and personnel.
- Physicians per Thousand: Number of doctors per 1,000 people is 0.18
- Population: Labor Force Participation (%): . This is the percentage of the total population aged 15 and older that is economically active, meaning they are either employed or actively seeking employment. Higher values indicate a greater proportion of the working-age population engaged in the labor force.