Annual growth rate of real GDP per capita (%) in Micronesia
Micronesia: Annual growth rate of real GDP per capita (%) was 3.7% in 2024. ◆ Volatile
Annual growth rate of real GDP per capita in Micronesia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth rate of real gdp per capita in Micronesia stood at 3.7%.
The figure is up 3,800.0% on the previous year and up 15.6% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Micronesia peaked at 5.6% in 2015 and was at its lowest, -2.7%, in 2020.
That places Micronesia 55th out of 228 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth rate of real GDP per capita (%) in Micronesia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -0.3% | — |
| 2001 | 0.5% | -266.7% |
| 2002 | 0.8% | +60.0% |
| 2003 | -0.5% | -162.5% |
| 2004 | -1.9% | +280.0% |
| 2005 | 0.6% | -131.6% |
| 2006 | -0.8% | -233.3% |
| 2007 | 0.4% | -150.0% |
| 2008 | -0.6% | -250.0% |
| 2009 | -2.1% | +250.0% |
| 2010 | 2.1% | -200.0% |
| 2011 | 3.0% | +42.9% |
| 2012 | 0.8% | -73.3% |
| 2013 | 0.7% | -12.5% |
| 2014 | 3.2% | +357.1% |
| 2015 | 5.6% | +75.0% |
| 2016 | 2.1% | -62.5% |
| 2017 | 0.1% | -95.2% |
| 2018 | 0.9% | +800.0% |
| 2019 | 3.7% | +311.1% |
| 2020 | -2.7% | -173.0% |
| 2021 | 0.5% | -118.5% |
| 2022 | -0.3% | -160.0% |
| 2023 | -0.1% | -66.7% |
| 2024 | 3.7% | -3800.0% |
Biggest year-on-year movements
Years where Annual growth rate of real GDP per capita (%) 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 |
|---|---|---|---|
| 2024 | +3800.0% | -0.1% | 3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.4% | -2.1% | 0.8% | 10 |
| 2010s | 2.2% | 0.1% | 5.6% | 10 |
| 2020s | 0.2% | -2.7% | 3.7% | 5 |
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)
- 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 growth rate of real gdp per capita in Micronesia?
- Annual growth rate of real gdp per capita in Micronesia was 3.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Micronesia?
- The highest recorded value was 5.6% in 2015.
- What is the lowest annual growth rate of real gdp per capita recorded in Micronesia?
- The lowest recorded value was -2.7% in 2020.
- How does Micronesia rank for annual growth rate of real gdp per capita?
- Micronesia ranks 55th out of 228 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Micronesia?
- Over the last ten years it is up 15.6%. 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 growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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