Current account balance in Micronesia, Federated States of
Micronesia, Federated States of: Current account balance was 7.1% in 2014. ◆ Volatile
Current account balance in Micronesia, Federated States of, 2009–2014
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Micronesia, Federated States of recorded 7.1% for current account balance in 2014. That is the highest value across all 6 years on record.
Compared with earlier readings it is up 1,124.5% on the previous year and up 151.3% over ten years.
Micronesia, Federated States of ranks 28th of 199 countries on this measure, in the top quarter.
Current account balance in Micronesia, Federated States of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2009 | -13.8% | — |
| 2010 | -8.4% | -39.1% |
| 2011 | -14.4% | +70.6% |
| 2012 | -7.4% | -48.8% |
| 2013 | -0.7% | -90.6% |
| 2014 | 7.1% | -1124.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -13.8% | -13.8% | -13.8% | 1 |
| 2010s | -4.7% | -14.4% | 7.1% | 5 |
Countries ranked near Micronesia, Federated States of
- 25 Faroe Islands 7.8%
- 26 French Polynesia 7.5% compare
- 27 Malta 7.1% compare
- 29 Switzerland 7.0% compare
- 30 Samoa 6.9% compare
- 31 Republic of Korea 6.6% compare
More economy & growth data for Micronesia, Federated States of
- Gross value added at basic prices (GVA) (constant LCU), annual growth 0.8405 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 4,023 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.05 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.0384 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9114 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 4,023 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 0.8408 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6169 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 2,723 constant 2015 US$ per person (2025)
- GDP (current US$), per capita 4,414 current US$ per person (2025)
Frequently asked questions
- What is current account balance in Micronesia, Federated States of?
- Current account balance in Micronesia, Federated States of was 7.1% in 2014, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Micronesia, Federated States of?
- The highest recorded value was 7.1% in 2014.
- What is the lowest current account balance recorded in Micronesia, Federated States of?
- The lowest recorded value was -14.4% in 2011.
- How does Micronesia, Federated States of rank for current account balance?
- Micronesia, Federated States of ranks 28th out of 199 countries with data for 2014.
- Is current account balance rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 151.3%. The long-run trend across the full record is volatile.
- Where does this Micronesia, Federated States of data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.