2018 Economic Impact on U.S. Insular Areas Estimated at $888 million, Supports More than 26,000 Jobs

2018 Economic Impact on U.S. Insular Areas Estimated at $888 million, Supports More than 26,000 Jobs

WASHINGTON (STL.News) – Friday, U.S. Department of the Interior’s Office of Insular Affairs (OIA) released an analysis on the economic impact of grants and payments provided to the territories and freely associated states.  Grants and payments from OIA totaling $710 million are estimated to have created an economic impact of $888 million on insular Gross Domestic Product in 2018, supporting 26,652 jobs.  Across the insular areas, the impact on government employment ranged from three to 17 percent in the territories and close to 45 percent in the Federated States of Micronesia and the Republic of the Marshall Islands.

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