Gross domestic product (GDP), Constant prices, Percent change in Micronesia, Federated States of
Micronesia, Federated States of: Gross domestic product (GDP), Constant prices, Percent change was 0.662 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Percent change in Micronesia, Federated States of, 1996–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), constant prices, percent change in Micronesia, Federated States of stood at 0.662.
The figure is down 78.6% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, percent change in Micronesia, Federated States of peaked at 4.51 in 2015 and was at its lowest, -6.25, in 1997.
That places Micronesia, Federated States of 36th out of 37 countries with data for 2031, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Percent change in Micronesia, Federated States of, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | -3.35 | — |
| 1997 | -6.25 | +86.6% |
| 1998 | 2.92 | -146.8% |
| 1999 | 1.11 | -61.9% |
| 2000 | 4.31 | +286.7% |
| 2001 | 2.09 | -51.4% |
| 2002 | 0.2595 | -87.6% |
| 2003 | 1.55 | +497.7% |
| 2004 | -3.22 | -307.8% |
| 2005 | 2.38 | -173.8% |
| 2006 | -0.2706 | -111.4% |
| 2007 | -1.73 | +538.5% |
| 2008 | -2.6 | +50.5% |
| 2009 | 1.07 | -141.1% |
| 2010 | 2.04 | +91.3% |
| 2011 | 3.77 | +84.7% |
| 2012 | -1.67 | -144.2% |
| 2013 | -3.66 | +119.2% |
| 2014 | -2.59 | -29.3% |
| 2015 | 4.51 | -274.3% |
| 2016 | 0.985 | -78.2% |
| 2017 | 2.26 | +129.1% |
| 2018 | 0.4936 | -78.1% |
| 2019 | 3.36 | +581.3% |
| 2020 | -1.98 | -158.8% |
| 2021 | 3.1 | -256.9% |
| 2022 | -3.11 | -200.5% |
| 2023 | 1.14 | -136.5% |
| 2024 | 2.29 | +101.7% |
| 2025 | 1.06 | -53.7% |
| 2026 | 0.6658 | -37.3% |
| 2027 | 1.09 | +63.8% |
| 2028 | 1.44 | +31.9% |
| 2029 | 1.05 | -27.3% |
| 2030 | 0.6618 | -36.7% |
| 2031 | 0.662 | +0.0% |
Micronesia, Federated States of compared with similar countries
- Micronesia, Federated States of's 0.662 is below the median for upper middle income countries, which is 3.38, 20% of the median. (15 countries reporting)
- Micronesia, Federated States of's 0.662 is below the median for East Asia & Pacific, which is 2.5, 26% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.39 | -6.25 | 2.92 | 4 |
| 2000s | 0.3835 | -3.22 | 4.31 | 10 |
| 2010s | 0.9508 | -3.66 | 4.51 | 10 |
| 2020s | 0.6744 | -3.11 | 3.1 | 10 |
| 2030s | 0.6619 | 0.6618 | 0.662 | 2 |
Countries ranked near Micronesia, Federated States of
More economy & growth data for Micronesia, Federated States of
- Manufacturing, value added (constant 2015 US$), per capita 17.31 constant 2015 US$ per person (2025)
- Industry (including construction), value added (current LCU), per 232.87 current LCU per person (2025)
- Industry (including construction), value added (current LCU), per 0.0528 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), annual 12.46 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 232.87 current US$ per person (2025)
- Industry (including construction), value added (current US$), per 0.0528 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), annual 12.46 % change on previous year (2025)
- Manufacturing, value added (constant LCU), per capita 11.8 constant LCU per person (2025)
- Manufacturing, value added (current US$), per unit of GDP 0.0048 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 21.22 current US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, percent change in Micronesia, Federated States of?
- Gross domestic product (gdp), constant prices, percent change in Micronesia, Federated States of was 0.662 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, percent change recorded in Micronesia, Federated States of?
- The highest recorded value was 4.51 in 2015.
- What is the lowest gross domestic product (gdp), constant prices, percent change recorded in Micronesia, Federated States of?
- The lowest recorded value was -6.25 in 1997.
- How does Micronesia, Federated States of rank for gross domestic product (gdp), constant prices, percent change?
- Micronesia, Federated States of ranks 36th out of 37 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, percent change rising or falling in Micronesia, Federated States of?
- Over the last ten years it is down 78.6%. The long-run trend across the full record is volatile.
- Where does this Micronesia, Federated States of data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Percent change, Domestic currency (National Accounts Statistics (SNA)). Statizoid updates them automatically from the source API.
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About this data
APD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in Asia and the Pacific. Data for the REO for Asia and Pacific is prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall. Data are consistent with the projections underlying the WEO. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.