Tag Archives: Micronesia

According to allcountrylist, Micronesia is an island nation located in the Pacific Ocean. It has a small, open economy with services and industry being the two main economic activities. Services account for around 70% of GDP while industry contributes around 30%. Agriculture is an important sector in Micronesia with coconuts being the most widely grown crop followed by taro, sweet potatoes, bananas and breadfruit. Livestock is also an important activity with pigs being the most widely produced followed by goats, chickens and ducks. The majority of agricultural produce is consumed domestically while some products are exported to other countries for sale on international markets. Fishing is also a major sector in Micronesia with tuna being the most important species caught followed by marlin, mahi-mahi and wahoo. Manufacturing is a relatively small contributor to GDP with food processing being the most important industry followed by textiles production, construction materials production, chemicals production and electronics assembly. The manufacturing sector produces a wide variety of goods including furniture, clothing and electronics which are exported to other countries for sale on international markets. Tourism is also an important economic sector in Micronesia as it contributes significantly to overall economic growth through foreign currency earnings from tourists visiting the country’s many islands and attractions. Micronesia is an archipelago of over 2,000 islands located in the western Pacific Ocean. Agriculture has been a major part of the culture and economy of Micronesia for centuries and continues to play an important role today. Traditionally, the people of Micronesia have relied on subsistence farming as their main source of food and income. This includes growing crops such as taro, yams, bananas, breadfruit, coconuts, and other vegetables. Fishing was also an important part of life in pre-colonial times with many families relying on the sea for their livelihoods. The first European contact with Micronesia was made by Spanish explorers in 1521. Following this initial contact, a period of colonization began which led to the introduction of new crops such as sugar cane and rice which were grown primarily for export purposes. Additionally, during this time cattle ranching also became popular with large herds being raised in some parts of the country. In the 19th century Micronesian agriculture underwent a significant transformation with the introduction of new technologies and methods. These included the introduction of chemical fertilizers, improved irrigation systems, and better crop rotation techniques. Additionally, the use of mechanized farm equipment such as tractors and harvesters also became commonplace in some parts of Micronesia. Despite these advances, traditional subsistence farming continued to be practiced in many areas with local farmers relying on their knowledge and skills to produce a variety of crops for both local consumption and trade. In recent years there has been a renewed focus on sustainable agriculture with initiatives such as agroforestry being promoted by the government and other organizations. This type of farming combines tree crops with short-term cash crops and helps to maintain soil fertility while also generating income for farmers. Overall, agriculture continues to play an important role in the culture and economy of Micronesia today with many families still relying on subsistence farming as their primary source of food and income. Additionally, advances in technology have helped contribute towards a more efficient agricultural sector overall which has allowed for increased production and export of goods such as copra, fish, coffee beans, nuts, fruits, vegetables, spices etc. See smber for Micronesia Agriculture and Fishing.