Annual GDP growth in Micronesia (Federated States of)
Micronesia (Federated States of): Annual GDP growth was 0.7% in 2024. ◆ Volatile
Annual GDP growth in Micronesia (Federated States of), 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in Micronesia (Federated States of) is 0.7%, measured in 2024.
The figure is up 58.7% on the previous year and up 127.8% over ten years.
Over the whole period, annual gdp growth in Micronesia (Federated States of) peaked at 4.6% in 2000 and was at its lowest, -3.7%, in 2013.
Micronesia (Federated States of) ranks 193rd of 228 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Micronesia (Federated States of), year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.6% | — |
| 2001 | 1.8% | -60.6% |
| 2002 | 0.4% | -75.6% |
| 2003 | 1.8% | +297.7% |
| 2004 | -3.2% | -281.0% |
| 2005 | 2.3% | -172.5% |
| 2006 | -0.2% | -108.6% |
| 2007 | -1.7% | +766.3% |
| 2008 | -2.6% | +49.9% |
| 2009 | 1.1% | -142.5% |
| 2010 | 2.1% | +88.1% |
| 2011 | 3.8% | +83.1% |
| 2012 | -1.7% | -144.8% |
| 2013 | -3.7% | +117.0% |
| 2014 | -2.6% | -29.7% |
| 2015 | 4.4% | -271.5% |
| 2016 | 0.9% | -78.7% |
| 2017 | 2.2% | +130.8% |
| 2018 | 0.0% | -100.0% |
| 2019 | 4.1% | — |
| 2020 | -1.7% | -141.0% |
| 2021 | 3.1% | -285.3% |
| 2022 | -2.9% | -193.7% |
| 2023 | 0.5% | -115.6% |
| 2024 | 0.7% | +58.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.4% | -3.2% | 4.6% | 10 |
| 2010s | 1.0% | -3.7% | 4.4% | 10 |
| 2020s | -0.1% | -2.9% | 3.1% | 5 |
Countries ranked near Micronesia (Federated States of)
- 190 Yemen 0.8% compare
- 191 Syrian Arab Republic 0.7% compare
- 191 Syrian Arab Republic 0.7% compare
- 194 Italy 0.7% compare
- 195 Hungary 0.6% compare
- 196 South Africa 0.5% compare
More economy & growth data for Micronesia (Federated States of)
- Gross Domestic Product — Annual growth Standard Local Currency 6.2 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.2474 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 0.7191 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.7 % (2024)
- Gross Domestic Product — Annual growth US$ 6.2 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 0.7191 % (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 338.76 million SLC (2024)
- Gross Domestic Product — Value US$ 488.5 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,317 USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 140.24 million SLC (2024)
Frequently asked questions
- What is annual gdp growth in Micronesia (Federated States of)?
- Annual gdp growth in Micronesia (Federated States of) was 0.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Micronesia (Federated States of)?
- The highest recorded value was 4.6% in 2000.
- What is the lowest annual gdp growth recorded in Micronesia (Federated States of)?
- The lowest recorded value was -3.7% in 2013.
- How does Micronesia (Federated States of) rank for annual gdp growth?
- Micronesia (Federated States of) ranks 193rd out of 228 countries with data for 2024.
- Is annual gdp growth rising or falling in Micronesia (Federated States of)?
- Over the last ten years it is up 127.8%. The long-run trend across the full record is volatile.
- Where does this Micronesia (Federated States of) data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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