The Federated States of Micronesia (Listeni/ˌmaɪkroʊˈniːʒə/; abbreviated FSM) is an independent sovereign island nation and a United States associated state consisting of four states – from west to east, Yap, Chuuk, Pohnpei and Kosrae – that are spread across the Western Pacific Ocean.
The United States dollar is the official currency of Federated States of Micronesia. Its value fluctuates in terms of the other main currencies of the world, but remains relatively stable.
The indigenous population of the Federated States of Micronesia, which is predominantly Micronesian, consists of various ethnolinguistic groups. English has become the common language. Population growth remains high at more than 3%, but is ameliorated somewhat by net emigration.