Annual GDP growth in Micronesia
Micronesia: Annual GDP growth was 5.6% in 2022. ◆ Volatile
Annual GDP growth in Micronesia, 2003–2022
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Micronesia is 5.6%, measured in 2022. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 163.6% on the previous year and up 186.6% over ten years.
Over the whole period, annual gdp growth in Micronesia peaked at 5.6% in 2022 and was at its lowest, -11.8%, in 2020.
That places Micronesia 34th out of 230 countries with data for 2022, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Micronesia, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 0.6% | — |
| 2004 | 3.5% | +502.4% |
| 2005 | 0.1% | -96.7% |
| 2006 | -3.6% | -3203.0% |
| 2007 | -0.7% | -80.9% |
| 2008 | -0.8% | +13.8% |
| 2009 | -2.4% | +201.0% |
| 2010 | 2.0% | -185.2% |
| 2011 | -0.4% | -117.7% |
| 2012 | 2.0% | -646.5% |
| 2013 | 1.6% | -17.0% |
| 2014 | 2.0% | +26.0% |
| 2015 | 1.8% | -12.1% |
| 2016 | 3.9% | +118.4% |
| 2017 | 4.1% | +4.5% |
| 2018 | -3.8% | -192.0% |
| 2019 | 0.8% | -120.0% |
| 2020 | -11.8% | -1662.3% |
| 2021 | 2.1% | -118.0% |
| 2022 | 5.6% | +163.6% |
Biggest year-on-year movements
Years where Annual GDP growth 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 |
|---|---|---|---|
| 2006 | -3203.0% | 0.1% | -3.6% |
| 2020 | -1662.3% | 0.8% | -11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.5% | -3.6% | 3.5% | 7 |
| 2010s | 1.4% | -3.8% | 4.1% | 10 |
| 2020s | -1.3% | -11.8% | 5.6% | 3 |
Countries ranked near Micronesia
- 31 Cayman Islands 5.8% compare
- 32 Philippines 5.7% compare
- 33 Turks and Caicos Islands 5.6% compare
- 35 Ghana 5.6% compare
- 36 Gambia 5.6% compare
- 37 United Republic of Tanzania 5.5% compare
More economy & growth data for Micronesia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -0.1764 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.7 Percent per annum (2029)
- Gross Domestic Product — Value US$ per capita 5,055 USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 4.92 % (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$, 2015 prices 350.6 million USD (2024)
- Gross Domestic Product — Value US$ 1,592 million USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.49 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 7.38 % (2024)
Frequently asked questions
- What is annual gdp growth in Micronesia?
- Annual gdp growth in Micronesia was 5.6% in 2022, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Micronesia?
- The highest recorded value was 5.6% in 2022.
- What is the lowest annual gdp growth recorded in Micronesia?
- The lowest recorded value was -11.8% in 2020.
- How does Micronesia rank for annual gdp growth?
- Micronesia ranks 34th out of 230 countries with data for 2022.
- Is annual gdp growth rising or falling in Micronesia?
- Over the last ten years it is up 186.6%. The long-run trend across the full record is volatile.
- Where does this Micronesia 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.
Download this data
CSV · JSON — 20 observations, free to reuse under UN SDG Global Database (open, attribution requested).