Annual gdp growth in Micronesia (country)
Micronesia (country): Annual gdp growth was 0.72 in 2024. ◆ Volatile
Latest (2024)
0.72
Change on year
up 60.0%
World rank
179th
of 212 countries
All-time high
4.62
in 2000
All-time low
-3.68
in 2013
Years of data
25
2000–2024
Annual gdp growth in Micronesia (country), 2000–2024
Source: Our World in Data.
Analysis
In 2024, annual gdp growth in Micronesia (country) stood at 0.72.
Compared with earlier readings it is up 60.0% on the previous year and up 127.8% over ten years.
Over the whole period, annual gdp growth in Micronesia (country) peaked at 4.62 in 2000 and was at its lowest, -3.68, in 2013.
Micronesia (country) ranks 179th of 212 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 (country), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.62 | — |
| 2001 | 1.82 | -60.6% |
| 2002 | 0.44 | -75.8% |
| 2003 | 1.76 | +300.0% |
| 2004 | -3.19 | -281.2% |
| 2005 | 2.31 | -172.4% |
| 2006 | -0.2 | -108.7% |
| 2007 | -1.72 | +760.0% |
| 2008 | -2.58 | +50.0% |
| 2009 | 1.1 | -142.6% |
| 2010 | 2.07 | +88.2% |
| 2011 | 3.78 | +82.6% |
| 2012 | -1.69 | -144.7% |
| 2013 | -3.68 | +117.8% |
| 2014 | -2.59 | -29.6% |
| 2015 | 4.43 | -271.0% |
| 2016 | 0.94 | -78.8% |
| 2017 | 2.18 | +131.9% |
| 2018 | 0 | -100.0% |
| 2019 | 4.08 | — |
| 2020 | -1.67 | -140.9% |
| 2021 | 3.1 | -285.6% |
| 2022 | -2.91 | -193.9% |
| 2023 | 0.45 | -115.5% |
| 2024 | 0.72 | +60.0% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 0.72 is below the median for upper middle income countries, which is 3.5, 21% of the median. (58 countries reporting)
- Micronesia (country)'s 0.72 is below the median for East Asia & Pacific, which is 3.26, 22% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.436 | -3.19 | 4.62 | 10 |
| 2010s | 0.952 | -3.68 | 4.43 | 10 |
| 2020s | -0.062 | -2.91 | 3.1 | 5 |
Countries ranked near Micronesia (country)
More economy & growth data for Micronesia (country)
- Real gdp growth, annual growth rate 101.67 % change on previous year (2024)
- SDR Allocation, US dollar, per unit of GDP 0.032 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 154.27 units per person (2025)
- SDR Allocation, US dollar, per capita 141.04 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
- SDR Allocation, SDR, per unit of GDP 0.0233 units per US$ of GDP (2025)
- SDR Allocation, SDR, per capita 102.98 units per person (2025)
- IMF Quota, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0349 units per US$ of GDP (2025)
- IMF Quota, SDR, per capita 63.33 units per person (2025)
Frequently asked questions
- What is annual gdp growth in Micronesia (country)?
- Annual gdp growth in Micronesia (country) was 0.72 in 2024, according to Our World in Data.
- What is the highest annual gdp growth recorded in Micronesia (country)?
- The highest recorded value was 4.62 in 2000.
- What is the lowest annual gdp growth recorded in Micronesia (country)?
- The lowest recorded value was -3.68 in 2013.
- How does Micronesia (country) rank for annual gdp growth?
- Micronesia (country) ranks 179th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Micronesia (country)?
- Over the last ten years it is up 127.8%. The long-run trend across the full record is volatile.
- Where does this Micronesia (country) data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).