FSM - Balance of Payments Statistics

Balance of Payments statistics were compiled by the Division of Budget and Economic Management. A variety of data sources are used including Trade Statistics, Quarantine records, Visitor arrivals, Gross Revenue Tax returns, Banking Board, Government and Public Enterprise Audits and Financial statements, as well as information obtained directly from companies.

FSM Balance of Payments (US$ millions) : FY1997 to FY2006Est
FY97 FY98 FY99 FY00 FY01 FY02 FY03 FY04 FY05 FY06Est
Current Account Balance -20.1 -19.6 -9.5 -17.0 -29.6 -9.1 -0.4 -44.7 -29.1 -38.4
Imports of goods1/and services -151.7 -159.0 -147.7 -160.9 -173.1 -166.5 -174.9 -192.8 -197.4 -203.4
Exports of goods and services 34.5 37.9 33.3 38.6 39.8 42.7 42.6 35.2 37.0 37.1
Property income credits   26.0 25.5 27.2 22.9 18.1 16.4 15.6 20.1 21.5 20.5
Property income debits  -10.1 -11.0 -9.0 -7.8 -6.3 -6.0 -6.7 -6.4 -5.3 -5.3
Current transfers - private credits 4.0 4.2 4.4 4.6 4.7 4.8 4.9 5.0 6.0 8.0
Current transfers - private debits   -2.1 -2.3 -2.3 -2.4 -2.5 -2.5 -2.6 -2.5 -2.6 -2.7
Current transfers - official credits 79.2 85.0 84.5 88.0 89.6 101.9 120.6 96.6 111.8 107.3
Current transfers - official debits - - - - - - - - - -
Capital and Financial Account Balance 29.0 24.1 19.0 14.0 23.0 38.4 17.0 -13.9 20.1 14.7
Overall balance 2/   8.8 4.4 9.4 -3 -6.6 29.3 16.6 -58.6 -8.9 -23.6
Reserves   - - - - - - - - - -
Gross official reserves    - - - - - - - - -

Sources: Economic Planning Unit, DEA

Notes: 1/ Imports of goods (f.0.b): Based on import tax collections FY94-FY99, thereafter actual imports.
2/ Overall Balance: Includes changes in FSM reserves, valuation changes, errors and omissions

More information on FSM balance of payments (key-stats workbook)