Gross Domestic Product — Value Standard Local Currency, 2015 prices in Micronesia (Federated States of)
Micronesia (Federated States of): Gross Domestic Product — Value Standard Local Currency, 2015 prices was 338.76 million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Micronesia (Federated States of), 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Micronesia (Federated States of) recorded 338.76 million SLC for gross domestic product — value standard local currency, 2015 prices in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 0.7% on the previous year and up 12.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Micronesia (Federated States of) peaked at 338.76 million SLC in 2024 and was at its lowest, 102.59 million SLC, in 1970.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Micronesia (Federated States of), year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 102.59 million SLC | — |
| 1971 | 104.95 million SLC | +2.3% |
| 1972 | 106.07 million SLC | +1.1% |
| 1973 | 142.06 million SLC | +33.9% |
| 1974 | 163.83 million SLC | +15.3% |
| 1975 | 163.95 million SLC | +0.1% |
| 1976 | 164.54 million SLC | +0.4% |
| 1977 | 168.53 million SLC | +2.4% |
| 1978 | 178.03 million SLC | +5.6% |
| 1979 | 181.81 million SLC | +2.1% |
| 1980 | 168.72 million SLC | -7.2% |
| 1981 | 185.13 million SLC | +9.7% |
| 1982 | 180.28 million SLC | -2.6% |
| 1983 | 183.76 million SLC | +1.9% |
| 1984 | 176.49 million SLC | -4.0% |
| 1985 | 205.71 million SLC | +16.6% |
| 1986 | 222.12 million SLC | +8.0% |
| 1987 | 226.54 million SLC | +2.0% |
| 1988 | 239.91 million SLC | +5.9% |
| 1989 | 241.96 million SLC | +0.9% |
| 1990 | 251.7 million SLC | +4.0% |
| 1991 | 266.6 million SLC | +5.9% |
| 1992 | 277.37 million SLC | +4.0% |
| 1993 | 296.2 million SLC | +6.8% |
| 1994 | 299.99 million SLC | +1.3% |
| 1995 | 312.72 million SLC | +4.2% |
| 1996 | 302.93 million SLC | -3.1% |
| 1997 | 284.49 million SLC | -6.1% |
| 1998 | 293.08 million SLC | +3.0% |
| 1999 | 297.21 million SLC | +1.4% |
| 2000 | 310.94 million SLC | +4.6% |
| 2001 | 316.12 million SLC | +1.7% |
| 2002 | 318.09 million SLC | +0.6% |
| 2003 | 323.94 million SLC | +1.8% |
| 2004 | 314.83 million SLC | -2.8% |
| 2005 | 321.32 million SLC | +2.1% |
| 2006 | 320.27 million SLC | -0.3% |
| 2007 | 314.68 million SLC | -1.7% |
| 2008 | 307.1 million SLC | -2.4% |
| 2009 | 310.46 million SLC | +1.1% |
| 2010 | 317.47 million SLC | +2.3% |
| 2011 | 327.59 million SLC | +3.2% |
| 2012 | 321.48 million SLC | -1.9% |
| 2013 | 309.65 million SLC | -3.7% |
| 2014 | 302.51 million SLC | -2.3% |
| 2015 | 316.49 million SLC | +4.6% |
| 2016 | 318.02 million SLC | +0.5% |
| 2017 | 320.64 million SLC | +0.8% |
| 2018 | 320.64 million SLC | +0.0% |
| 2019 | 333.73 million SLC | +4.1% |
| 2020 | 327.18 million SLC | -2.0% |
| 2021 | 336.34 million SLC | +2.8% |
| 2022 | 333.73 million SLC | -0.8% |
| 2023 | 336.34 million SLC | +0.8% |
| 2024 | 338.76 million SLC | +0.7% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, 2015 prices in Micronesia (Federated States of) 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 |
|---|---|---|---|
| 1973 | +33.9% | 106.07 million SLC | 142.06 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 147.64 million SLC | 102.59 million SLC | 181.81 million SLC | 10 |
| 1980s | 203.06 million SLC | 168.72 million SLC | 241.96 million SLC | 10 |
| 1990s | 288.23 million SLC | 251.7 million SLC | 312.72 million SLC | 10 |
| 2000s | 315.77 million SLC | 307.1 million SLC | 323.94 million SLC | 10 |
| 2010s | 318.82 million SLC | 302.51 million SLC | 333.73 million SLC | 10 |
| 2020s | 334.47 million SLC | 327.18 million SLC | 338.76 million SLC | 5 |
Countries ranked near Micronesia (Federated States of)
- 9 Bolivia (Plurinational State of) 276,730 million SLC compare
- 9 Iraq 216.39 million million SLC compare
- 10 Chile 187.82 million million SLC compare
- 10 Republic of Moldova 173,742 million SLC compare
- 11 Cambodia 155.73 million million SLC compare
- 11 Timor-Leste 1,731 million SLC compare
- 12 Uganda 147.60 million million SLC compare
- 13 Guinea 116.04 million million SLC compare
- 13 Venezuela (Bolivarian Republic of) 0 million SLC compare
- 14 China, mainland 111.29 million million SLC compare
- 15 Nigeria 111.14 million million SLC compare
More economy & growth data for Micronesia (Federated States of)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 0.7191 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 140.24 million SLC (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.2474 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 0.7191 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.7 % (2024)
- Gross Domestic Product — Annual growth US$ 6.2 % (2024)
- Gross Domestic Product — Value US$ per capita, 2015 prices 2,994 USD (2024)
- Gross Domestic Product — Value US$ 488.5 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,317 USD (2024)
- Gross Fixed Capital Formation — Value US$ 140.24 million USD (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Micronesia (Federated States of)?
- Gross domestic product — value standard local currency, 2015 prices in Micronesia (Federated States of) was 338.76 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Micronesia (Federated States of)?
- The highest recorded value was 338.76 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Micronesia (Federated States of)?
- The lowest recorded value was 102.59 million SLC in 1970.
- How does Micronesia (Federated States of) rank for gross domestic product — value standard local currency, 2015 prices?
- Micronesia (Federated States of) ranks 12th out of 13 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Micronesia (Federated States of)?
- Over the last ten years it is up 12.0%. The long-run trend across the full record is rising.
- Where does this Micronesia (Federated States of) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).