Micronesia and Papua New Guinea
The Federated States of Micronesia and Papua New Guinea participate in a fishing mechanism shared with the Marshall Islands. The 2025 tripartite memorandum provides a way to coordinate electronic monitoring, landings and regional tuna processing, with employment and greater local added value as objectives.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08Bilateral context
In May 2025, Papua New Guinea, the Marshall Islands and the Federated States of Micronesia signed a tripartite fisheries cooperation memorandum at the Forum Fisheries Agency headquarters in Honiara.
Cooperation and bilateral issues
The instrument provides for cooperation in electronic monitoring, coordination of port landings, processing within the region and participation in the tuna value chain.
Cooperation and bilateral issues
The instrument provides for cooperation in electronic monitoring, coordination of port landings, processing within the region and participation in the tuna value chain.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | ||
| Goods: Micronesia to Papua New Guinea | ||
| Goods: Papua New Guinea to Micronesia | ||
| Services trade | ||
| Export share: Micronesia to Papua New Guinea | ||
| Export share: Papua New Guinea to Micronesia | ||
| Investment stock: Micronesia in Papua New Guinea | ||
| Investment stock: Papua New Guinea in Micronesia |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
| Indicator | Micronesia | Papua New Guinea |
|---|---|---|
| Nominal GDP | 501,797,600 USD2025 · WB | 32.5 billion USD2025 · WB |
| GDP per capita | 4,414.01 USD2025 · WB | 3,019.53 USD2025 · WB |
| GDP growth | 1.06 %2025 · WB | 5.64 %2025 · WB |
| Policy interest rate | ||
| Inflation · annual average | 4.42 %Annual average · 2025 · WB | |
| Inflation · latest year-on-year figure | ||
| Unemployment | 2.57 %ILO est.2025 · WB | |
| Budget balance (% of GDP) | 0.4 %IMF est.2025 · IMF | -2.4 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 8.9 %IMF est.2025 · IMF | 52.1 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | 15.48 %2024 · WB | |
| Population | 113,6832025 · WB | 10,762,8172025 · WB |
| Area | 700 km²2023 · WB | 462,840 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDMicronesia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Papua New Guinea: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP per capita
- Current USD per personMicronesia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Papua New Guinea: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP growth
- Annual real change (%)Micronesia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Papua New Guinea: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Policy interest rate
- Central bank instrument (%)
- Inflation · annual average
- Average annual change in headline CPI (%)Papua New Guinea: 2025 · Annual average CPI change (%) · World Bank · Official World Bank series. Observation year, not download date.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency stated
- Unemployment
- % of the labour force; definition used by the stated institutionPapua New Guinea: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Official World Bank series. Observation year, not download date.
- Budget balance
- General government (% of GDP)Micronesia: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Papua New Guinea: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Micronesia: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.Papua New Guinea: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPPapua New Guinea: 2024 · World Bank · Official World Bank series. Observation year, not download date.
- Population
- PeopleMicronesia: 2025 · World Bank · Annual World Bank observation, with its original year; not monthly data.Papua New Guinea: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Area
- Total area in km²; territorial coverage of the sourceMicronesia: 2023 · World Bank · Annual World Bank observation, with its original year; not monthly data.Papua New Guinea: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Micronesia to Papua New Guinea
| Product or sector | Value / share |
|---|---|
Papua New Guinea to Micronesia
| Product or sector | Value / share |
|---|---|
Connections between people
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Micronesia living in Papua New Guinea | ||
| Residents from Papua New Guinea living in Micronesia | ||
| Study and training: Micronesia in Papua New Guinea | ||
| Study and training: Papua New Guinea in Micronesia | ||
| Academic stays: Micronesia in Papua New Guinea | ||
| Academic stays: Papua New Guinea in Micronesia | ||
| Travel: Micronesia to Papua New Guinea | ||
| Travel: Papua New Guinea to Micronesia |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
The scale of both economies
Nominal GDP for Micronesia is 0.502 billion USD (2025), compared with 32.5 for Papua New Guinea (2025). The reference populations are 0.114 and 10.76 million, respectively. In the same year, the economy of Micronesia was 0.0154 times that of Papua New Guinea in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [2] [3] [4] [5]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Bilateral context
In May 2025, Papua New Guinea, the Marshall Islands and the Federated States of Micronesia signed a tripartite fisheries cooperation memorandum at the Forum Fisheries Agency headquarters in Honiara. Papua New Guinea's prime minister's office recalled it in May 2026. [1]
Cooperation and bilateral issues
The instrument provides for cooperation in electronic monitoring, coordination of port landings, processing within the region and participation in the tuna value chain. Its aim is to improve economic returns and employment opportunities for Pacific peoples. The mechanism is not exclusively bilateral, and its cooperation opportunities do not establish that new plants or monitoring systems have been completed. The source describes this memorandum in a broader statement on Papua New Guinea and the Marshall Islands. [1]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — FSM-PNG
www.pmnec.gov.pg · Institutional source · Accessed: 2026-10-08
- Official series — gdp
World Bank · Institutional source · Accessed: 2026-10-07
- NY.GDP.MKTP.CD; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07
- Official series — population
World Bank · Institutional source · Accessed: 2026-10-07
- SP.POP.TOTL; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07