Africa's Development: Annual real GDP growth rate Growth rate … 02 in Micronesia
Micronesia: Africa's Development: Annual real GDP growth rate Growth rate … 02 was 0.7 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Micronesia, 1996–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
In 2029, africa's development dynamics (afdd) table 02 - annual real gdp in Micronesia stood at 0.7 Percent per annum.
That represents a change of down 4.7% on the previous year and down 81.7% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Micronesia peaked at 4.62 Percent per annum in 2000 and was at its lowest, -6.21 Percent per annum, in 1997.
That places Micronesia 46th out of 46 countries with data for 2029, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development: Annual real GDP growth rate Growth rate … 02 in Micronesia, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1996 | -3.34 Percent per annum | — |
| 1997 | -6.21 Percent per annum | +86.0% |
| 1998 | 2.84 Percent per annum | -145.7% |
| 1999 | 1.13 Percent per annum | -60.2% |
| 2000 | 4.62 Percent per annum | +309.7% |
| 2001 | 1.82 Percent per annum | -60.6% |
| 2002 | 0.4432 Percent per annum | -75.6% |
| 2003 | 1.76 Percent per annum | +297.7% |
| 2004 | -3.19 Percent per annum | -281.0% |
| 2005 | 2.31 Percent per annum | -172.5% |
| 2006 | -0.199 Percent per annum | -108.6% |
| 2007 | -1.72 Percent per annum | +766.3% |
| 2008 | -2.58 Percent per annum | +49.9% |
| 2009 | 1.1 Percent per annum | -142.5% |
| 2010 | 2.07 Percent per annum | +88.1% |
| 2011 | 3.78 Percent per annum | +83.1% |
| 2012 | -1.69 Percent per annum | -144.8% |
| 2013 | -3.68 Percent per annum | +117.0% |
| 2014 | -2.59 Percent per annum | -29.7% |
| 2015 | 4.43 Percent per annum | -271.5% |
| 2016 | 0.9427 Percent per annum | -78.7% |
| 2017 | 2.26 Percent per annum | +139.2% |
| 2018 | 0.0636 Percent per annum | -97.2% |
| 2019 | 3.82 Percent per annum | +5902.8% |
| 2020 | -1.87 Percent per annum | -149.0% |
| 2021 | 3.01 Percent per annum | -261.1% |
| 2022 | -0.8644 Percent per annum | -128.7% |
| 2023 | 0.7656 Percent per annum | -188.6% |
| 2024 | 1.05 Percent per annum | +37.5% |
| 2025 | 1.72 Percent per annum | +63.9% |
| 2026 | 1.12 Percent per annum | -35.3% |
| 2027 | 0.8092 Percent per annum | -27.5% |
| 2028 | 0.7344 Percent per annum | -9.2% |
| 2029 | 0.7 Percent per annum | -4.7% |
Biggest year-on-year movements
Years where Africa's Development: Annual real GDP growth rate Growth rate … 02 in Micronesia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | +5902.8% | 0.0636 Percent per annum | 3.82 Percent per annum |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.4 Percent per annum | -6.21 Percent per annum | 2.84 Percent per annum | 4 |
| 2000s | 0.4367 Percent per annum | -3.19 Percent per annum | 4.62 Percent per annum | 10 |
| 2010s | 0.9409 Percent per annum | -3.68 Percent per annum | 4.43 Percent per annum | 10 |
| 2020s | 0.7181 Percent per annum | -1.87 Percent per annum | 3.01 Percent per annum | 10 |
Countries ranked near Micronesia
More economy & growth data for Micronesia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -0.1764 Percent per annum (2029)
- Gross Domestic Product — Value US$ 1,592 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.33 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 26.96 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 350.6 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 429.08 million USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 3.07 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 7.38 % (2024)
- Gross Domestic Product — Annual growth US$ 7.82 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 1,195 million USD (2024)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Micronesia?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Micronesia was 0.7 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Micronesia?
- The highest recorded value was 4.62 Percent per annum in 2000.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Micronesia?
- The lowest recorded value was -6.21 Percent per annum in 1997.
- How does Micronesia rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Micronesia ranks 46th out of 46 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Micronesia?
- Over the last ten years it is down 81.7%. The long-run trend across the full record is volatile.
- Where does this Micronesia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
Download this data
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.