Gross domestic product (GDP), Constant prices, Purchasing power in Micronesia, Federated States of
Micronesia, Federated States of: Gross domestic product (GDP), Constant prices, Purchasing power was 0.662 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Micronesia, Federated States of, 1996–2031
Source: International Monetary Fund.
Analysis
Micronesia, Federated States of recorded 0.662 for gross domestic product (gdp), constant prices, purchasing power in 2031.
That represents a change of down 84.9% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Micronesia, Federated States of peaked at 5.14 in 2015 and was at its lowest, -6.47, in 1997.
Micronesia, Federated States of ranks 35th of 37 countries on this measure, 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, Purchasing power in Micronesia, Federated States of, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | -3.58 | — |
| 1997 | -6.47 | +80.9% |
| 1998 | 2.68 | -141.4% |
| 1999 | 0.8748 | -67.4% |
| 2000 | 4.06 | +364.0% |
| 2001 | 2.37 | -41.6% |
| 2002 | 0.5332 | -77.5% |
| 2003 | 1.83 | +243.1% |
| 2004 | -2.96 | -261.7% |
| 2005 | 2.66 | -189.9% |
| 2006 | 0.2446 | -90.8% |
| 2007 | -1.22 | -597.6% |
| 2008 | -2.09 | +71.9% |
| 2009 | 1.6 | -176.4% |
| 2010 | 2.58 | +61.5% |
| 2011 | 2.98 | +15.3% |
| 2012 | -1.9 | -163.7% |
| 2013 | -3.62 | +90.6% |
| 2014 | -2.27 | -37.2% |
| 2015 | 5.14 | -326.5% |
| 2016 | 1.89 | -63.3% |
| 2017 | 3.02 | +60.1% |
| 2018 | 2.12 | -30.0% |
| 2019 | 4.66 | +120.0% |
| 2020 | -0.7669 | -116.5% |
| 2021 | 4.39 | -672.1% |
| 2022 | -1.89 | -143.0% |
| 2023 | 1.26 | -166.7% |
| 2024 | 2.42 | +92.0% |
| 2025 | 1.06 | -56.0% |
| 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 2.77, 24% of the median. (15 countries reporting)
- Micronesia, Federated States of's 0.662 is below the median for East Asia & Pacific, which is 1.7, 39% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.62 | -6.47 | 2.68 | 4 |
| 2000s | 0.7029 | -2.96 | 4.06 | 10 |
| 2010s | 1.46 | -3.62 | 5.14 | 10 |
| 2020s | 1.07 | -1.89 | 4.39 | 10 |
| 2030s | 0.6619 | 0.6618 | 0.662 | 2 |
Countries ranked near Micronesia, Federated States of
- 32 Solomon Islands 1.19 compare
- 33 Australia 1.11 compare
- 34 Papua New Guinea 0.9794 compare
- 36 Kiribati 0.5589 compare
- 37 Vanuatu 0.1537 compare
More economy & growth data for Micronesia, Federated States of
- Industry (including construction), value added (constant LCU), annual 19.1 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6526 current US$ per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 976.4 current LCU per person (2025)
- Services, value added (current US$), annual growth rate 2.29 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 96.73 constant LCU per person (2025)
- Industry (including construction), value added (constant LCU), per 0.0219 constant LCU per US$ of GDP (2025)
- Imports of goods and services (current US$), annual growth rate 0 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 232.87 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 19.1 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.7094 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, purchasing power in Micronesia, Federated States of?
- Gross domestic product (gdp), constant prices, purchasing power 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, purchasing power recorded in Micronesia, Federated States of?
- The highest recorded value was 5.14 in 2015.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Micronesia, Federated States of?
- The lowest recorded value was -6.47 in 1997.
- How does Micronesia, Federated States of rank for gross domestic product (gdp), constant prices, purchasing power?
- Micronesia, Federated States of ranks 35th out of 37 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Micronesia, Federated States of?
- Over the last ten years it is down 84.9%. 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, Purchasing power parity (PPP) per capita percent change (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.