Wake Island Economy - overview

Factbook > Countries > Wake Island > Economy

Economy - overview: Economic activity is limited to providing services to military personnel and contractors located on the island. All food and manufactured goods must be imported.

Definition: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.

Source: CIA World Factbook - This page was last updated on July 9, 2017

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