Government spending vs gdp per capita in Micronesia, Federated States of
Micronesia, Federated States of: Government spending vs gdp per capita was 56.97 in 2024. ▼ Falling
Government spending vs gdp per capita in Micronesia, Federated States of, 1995–2024
Source: Our World in Data.
Analysis
In 2024, government spending vs gdp per capita in Micronesia, Federated States of stood at 56.97.
That represents a change of up 6.5% on the previous year and up 4.0% over ten years.
Over the whole period, government spending vs gdp per capita in Micronesia, Federated States of peaked at 77.24 in 1995 and was at its lowest, 53.48, in 2023.
Micronesia, Federated States of ranks 7th of 151 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 30 years of available data.
Government spending vs gdp per capita in Micronesia, Federated States of, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 77.24 | — |
| 1996 | 71.44 | -7.5% |
| 1997 | 64.32 | -10.0% |
| 1998 | 72.36 | +12.5% |
| 1999 | 72.96 | +0.8% |
| 2000 | 67.4 | -7.6% |
| 2001 | 64.19 | -4.8% |
| 2002 | 59.55 | -7.2% |
| 2003 | 67.53 | +13.4% |
| 2004 | 71.91 | +6.5% |
| 2005 | 60.21 | -16.3% |
| 2006 | 61.17 | +1.6% |
| 2007 | 60.14 | -1.7% |
| 2008 | 59.8 | -0.6% |
| 2009 | 64.35 | +7.6% |
| 2010 | 68.45 | +6.4% |
| 2011 | 65.9 | -3.7% |
| 2012 | 65.82 | -0.1% |
| 2013 | 60.2 | -8.5% |
| 2014 | 54.76 | -9.0% |
| 2015 | 56.43 | +3.1% |
| 2016 | 62.65 | +11.0% |
| 2017 | 65.01 | +3.8% |
| 2018 | 56.54 | -13.0% |
| 2019 | 57.27 | +1.3% |
| 2020 | 60.58 | +5.8% |
| 2021 | 66.53 | +9.8% |
| 2022 | 56.29 | -15.4% |
| 2023 | 53.48 | -5.0% |
| 2024 | 56.97 | +6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 71.66 | 64.32 | 77.24 | 5 |
| 2000s | 63.63 | 59.55 | 71.91 | 10 |
| 2010s | 61.3 | 54.76 | 68.45 | 10 |
| 2020s | 58.77 | 53.48 | 66.53 | 5 |
Countries ranked near Micronesia, Federated States of
More economy & growth data for Micronesia, Federated States of
- Industry (including construction), value added 11.00 million constant LCU (2025)
- Manufacturing, value added 1.34 million constant LCU (2025)
- Manufacturing, value added 0.5% (2025)
- Industry (including construction), value added 26.47 million current US$ (2025)
- Industry (including construction), value added 26.47 million current LCU (2025)
- Industry (including construction), value added 19.26 million constant 2015 US$ (2025)
- Industry (including construction), value added 19.1% (2025)
- Services, value added 327.49 million current LCU (2025)
- Services, value added -1.6% (2025)
- Services, value added 222.02 million constant 2015 US$ (2025)
Frequently asked questions
- What is government spending vs gdp per capita in Micronesia, Federated States of?
- Government spending vs gdp per capita in Micronesia, Federated States of was 56.97 in 2024, according to Our World in Data.
- What is the highest government spending vs gdp per capita recorded in Micronesia, Federated States of?
- The highest recorded value was 77.24 in 1995.
- What is the lowest government spending vs gdp per capita recorded in Micronesia, Federated States of?
- The lowest recorded value was 53.48 in 2023.
- How does Micronesia, Federated States of rank for government spending vs gdp per capita?
- Micronesia, Federated States of ranks 7th out of 151 countries with data for 2024.
- Is government spending vs gdp per capita rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 4.0%. The long-run trend across the full record is falling.
- Where does this Micronesia, Federated States of data come from?
- The figures come from Our World in Data, published as part of Government spending vs gdp per capita. Statizoid updates them automatically from the source API.
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