Gross Domestic Product — Value Standard Local Currency, annual growth in Micronesia (Federated States of)
Micronesia (Federated States of): Gross Domestic Product — Value Standard Local Currency, annual growth was 6.2 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Micronesia (Federated States of), 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Micronesia (Federated States of) recorded 6.2 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
That represents a change of down 11.2% on the previous year and up 855.6% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Micronesia (Federated States of) peaked at 38.73 % change on previous year in 1973 and was at its lowest, -5.58 % change on previous year, in 2020.
That places Micronesia (Federated States of) 129th out of 218 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in Micronesia (Federated States of), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.54 % change on previous year | — |
| 1972 | 15.23 % change on previous year | +59.6% |
| 1973 | 38.73 % change on previous year | +154.3% |
| 1974 | 32.38 % change on previous year | -16.4% |
| 1975 | 0.052 % change on previous year | -99.8% |
| 1976 | 1.5 % change on previous year | +2796.1% |
| 1977 | 1.05 % change on previous year | -30.1% |
| 1978 | 13.43 % change on previous year | +1176.4% |
| 1979 | 12.33 % change on previous year | -8.2% |
| 1980 | 6.5 % change on previous year | -47.3% |
| 1981 | 19.14 % change on previous year | +194.6% |
| 1982 | 4.69 % change on previous year | -75.5% |
| 1983 | 5.06 % change on previous year | +8.1% |
| 1984 | 0.6726 % change on previous year | -86.7% |
| 1985 | 20.38 % change on previous year | +2929.6% |
| 1986 | 10.08 % change on previous year | -50.5% |
| 1987 | 4.37 % change on previous year | -56.7% |
| 1988 | 10.55 % change on previous year | +141.4% |
| 1989 | 5.24 % change on previous year | -50.3% |
| 1990 | 9.27 % change on previous year | +76.8% |
| 1991 | 11.4 % change on previous year | +22.9% |
| 1992 | 7.5 % change on previous year | -34.2% |
| 1993 | 9.25 % change on previous year | +23.3% |
| 1994 | 3.44 % change on previous year | -62.9% |
| 1995 | 3.82 % change on previous year | +11.0% |
| 1996 | -1.41 % change on previous year | -137.0% |
| 1997 | -5.48 % change on previous year | +287.8% |
| 1998 | 6.21 % change on previous year | -213.4% |
| 1999 | 0.4513 % change on previous year | -92.7% |
| 2000 | 5.72 % change on previous year | +1167.4% |
| 2001 | 2.88 % change on previous year | -49.6% |
| 2002 | 0.6536 % change on previous year | -77.3% |
| 2003 | 1.43 % change on previous year | +118.5% |
| 2004 | -1.78 % change on previous year | -224.6% |
| 2005 | 4.19 % change on previous year | -335.5% |
| 2006 | 1.09 % change on previous year | -74.0% |
| 2007 | 1.35 % change on previous year | +23.8% |
| 2008 | 2.48 % change on previous year | +83.7% |
| 2009 | 6.51 % change on previous year | +163.1% |
| 2010 | 5.94 % change on previous year | -8.7% |
| 2011 | 4.84 % change on previous year | -18.6% |
| 2012 | 5.12 % change on previous year | +5.9% |
| 2013 | -3.07 % change on previous year | -159.9% |
| 2014 | 0.6485 % change on previous year | -121.1% |
| 2015 | -0.871 % change on previous year | -234.3% |
| 2016 | 2.69 % change on previous year | -408.7% |
| 2017 | 10.46 % change on previous year | +289.1% |
| 2018 | 9.19 % change on previous year | -12.1% |
| 2019 | 0.5102 % change on previous year | -94.4% |
| 2020 | -5.58 % change on previous year | -1194.4% |
| 2021 | 4.84 % change on previous year | -186.7% |
| 2022 | 10.26 % change on previous year | +112.0% |
| 2023 | 6.98 % change on previous year | -32.0% |
| 2024 | 6.2 % change on previous year | -11.2% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 1985 | +2929.6% | 0.6726 % change on previous year | 20.38 % change on previous year |
| 1976 | +2796.1% | 0.052 % change on previous year | 1.5 % change on previous year |
| 1978 | +1176.4% | 1.05 % change on previous year | 13.43 % change on previous year |
| 2020 | -1194.4% | 0.5102 % change on previous year | -5.58 % change on previous year |
| 2000 | +1167.4% | 0.4513 % change on previous year | 5.72 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.8 % change on previous year | 0.052 % change on previous year | 38.73 % change on previous year | 9 |
| 1980s | 8.67 % change on previous year | 0.6726 % change on previous year | 20.38 % change on previous year | 10 |
| 1990s | 4.45 % change on previous year | -5.48 % change on previous year | 11.4 % change on previous year | 10 |
| 2000s | 2.45 % change on previous year | -1.78 % change on previous year | 6.51 % change on previous year | 10 |
| 2010s | 3.55 % change on previous year | -3.07 % change on previous year | 10.46 % change on previous year | 10 |
| 2020s | 4.54 % change on previous year | -5.58 % change on previous year | 10.26 % change on previous year | 5 |
Countries ranked near Micronesia (Federated States of)
- 126 Lithuania 6.26 % change on previous year compare
- 127 Netherlands (Kingdom of the) 6.23 % change on previous year compare
- 128 Spain 6.23 % change on previous year compare
- 130 Republic of Korea 6.16 % change on previous year compare
- 131 Indonesia 5.97 % change on previous year compare
- 132 Turkmenistan 5.96 % change on previous year compare
More economy & growth data for Micronesia (Federated States of)
- Gross Fixed Capital Formation — Value Standard Local Currency 140.24 million SLC (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.72 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 28.71 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.72 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 28.71 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 100.67 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 100.67 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 140.24 million USD (2024)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 0.7191 % (2024)
- Gross Domestic Product — Annual growth US$ 6.2 % (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Micronesia (Federated States of)?
- Gross domestic product — value standard local currency, annual growth in Micronesia (Federated States of) was 6.2 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Micronesia (Federated States of)?
- The highest recorded value was 38.73 % change on previous year in 1973.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Micronesia (Federated States of)?
- The lowest recorded value was -5.58 % change on previous year in 2020.
- How does Micronesia (Federated States of) rank for gross domestic product — value standard local currency, annual growth?
- Micronesia (Federated States of) ranks 129th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Micronesia (Federated States of)?
- Over the last ten years it is up 855.6%. The long-run trend across the full record is volatile.
- Where does this Micronesia (Federated States of) data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.