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.
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.
Many of the skills required for the production of indigenous graphic art in the FSM have been lost. Canoe carving, once a highly evolved and valued art form, is largely forgotten among the young men who prefer to fish from fiberglass out-board motorboats.