Yap

Known as the Mysterious Isle of Stone Money, Yap is a wonderful mix of past, present and future, where an ancient culture exists side by side with the 21st century. Located in the Western Caroline Islands, Yap is considered the most traditional corner of Micronesia.

Economy: Economic activity consists primarily of subsistence farming and fishing. The islands have few mineral deposits worth exploiting, except for high-grade phosphate. The potential for a tourist industry exists, but the remote location, a lack of adequate facilities, and limited air connections hinder development. The country's medium-term economic outlook appears fragile due not only to the reduction in US assistance but also to the slow growth of the private sector. Geographical isolation and a poorly developed infrastructure remain major impediments to long-term growth.

Export Commodities: Fish, garments, bananas and black pepper

Export Partners: Japan, US and Guam

Import Commodities: Food, manufactured goods, machinery and equipment and beverages

Import Partners: US, Australia and Japan

Population: 108,155 (FSM)

Location: Oceania, island group in the North Pacific Ocean, about three-quarters of the way from Hawaii to Indonesia.

Geographic coordinates are 6 55 N, 158 15 E

Climate: Tropical; heavy year-round rainfall, especially in the eastern islands, located on southern edge of the typhoon belt with occasionally severe damage