Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Micronesia
Micronesia: Gross Domestic Product — Value US$, 2015 prices, annual growth rate was 3.49 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Micronesia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices, annual growth rate in Micronesia is 3.49 % change on previous year, measured in 2024.
That represents a change of up 614.1% on the previous year and up 10.7% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices, annual growth rate in Micronesia peaked at 13.11 % change on previous year in 1974 and was at its lowest, -8.94 % change on previous year, in 1976.
Micronesia ranks 97th of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Micronesia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -0.3694 % change on previous year | — |
| 1972 | 2.44 % change on previous year | -760.2% |
| 1973 | 11.64 % change on previous year | +377.1% |
| 1974 | 13.11 % change on previous year | +12.7% |
| 1975 | 0.5852 % change on previous year | -95.5% |
| 1976 | -8.94 % change on previous year | -1628.0% |
| 1977 | -2.03 % change on previous year | -77.3% |
| 1978 | -0.1726 % change on previous year | -91.5% |
| 1979 | -3.15 % change on previous year | +1724.6% |
| 1980 | -3.67 % change on previous year | +16.5% |
| 1981 | 2.9 % change on previous year | -179.1% |
| 1982 | -1.26 % change on previous year | -143.5% |
| 1983 | 0.192 % change on previous year | -115.2% |
| 1984 | 1.45 % change on previous year | +656.5% |
| 1985 | 1.34 % change on previous year | -7.5% |
| 1986 | 5.18 % change on previous year | +285.3% |
| 1987 | 2.45 % change on previous year | -52.7% |
| 1988 | 6.02 % change on previous year | +145.8% |
| 1989 | -0.5611 % change on previous year | -109.3% |
| 1990 | 1.3 % change on previous year | -332.0% |
| 1991 | -1.68 % change on previous year | -229.4% |
| 1992 | 3.2 % change on previous year | -290.1% |
| 1993 | -1.8 % change on previous year | -156.4% |
| 1994 | 3.04 % change on previous year | -268.7% |
| 1995 | 6.34 % change on previous year | +108.2% |
| 1996 | -1.48 % change on previous year | -123.3% |
| 1997 | -2.36 % change on previous year | +59.7% |
| 1998 | 1.16 % change on previous year | -149.2% |
| 1999 | -1.85 % change on previous year | -259.1% |
| 2000 | 0.5666 % change on previous year | -130.7% |
| 2001 | 1.43 % change on previous year | +152.0% |
| 2002 | 1.84 % change on previous year | +28.6% |
| 2003 | 0.1723 % change on previous year | -90.6% |
| 2004 | -1.19 % change on previous year | -792.7% |
| 2005 | 1.25 % change on previous year | -204.3% |
| 2006 | -0.166 % change on previous year | -113.3% |
| 2007 | 0.7807 % change on previous year | -570.4% |
| 2008 | -1.12 % change on previous year | -243.1% |
| 2009 | -1.69 % change on previous year | +51.1% |
| 2010 | 2.55 % change on previous year | -250.9% |
| 2011 | 3.51 % change on previous year | +37.9% |
| 2012 | 1.14 % change on previous year | -67.5% |
| 2013 | 1.05 % change on previous year | -7.8% |
| 2014 | 3.15 % change on previous year | +199.6% |
| 2015 | 6.2 % change on previous year | +96.5% |
| 2016 | 2.35 % change on previous year | -62.0% |
| 2017 | 0.0518 % change on previous year | -97.8% |
| 2018 | 1.32 % change on previous year | +2456.6% |
| 2019 | 4.64 % change on previous year | +250.3% |
| 2020 | -2.42 % change on previous year | -152.2% |
| 2021 | 0.2729 % change on previous year | -111.3% |
| 2022 | 0.5714 % change on previous year | +109.4% |
| 2023 | 0.4889 % change on previous year | -14.4% |
| 2024 | 3.49 % change on previous year | +614.1% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, 2015 prices, annual growth rate in Micronesia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +2456.6% | 0.0518 % change on previous year | 1.32 % change on previous year |
| 1979 | -1724.6% | -0.1726 % change on previous year | -3.15 % change on previous year |
| 1976 | -1628.0% | 0.5852 % change on previous year | -8.94 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.46 % change on previous year | -8.94 % change on previous year | 13.11 % change on previous year | 9 |
| 1980s | 1.4 % change on previous year | -3.67 % change on previous year | 6.02 % change on previous year | 10 |
| 1990s | 0.5874 % change on previous year | -2.36 % change on previous year | 6.34 % change on previous year | 10 |
| 2000s | 0.1864 % change on previous year | -1.69 % change on previous year | 1.84 % change on previous year | 10 |
| 2010s | 2.6 % change on previous year | 0.0518 % change on previous year | 6.2 % change on previous year | 10 |
| 2020s | 0.4809 % change on previous year | -2.42 % change on previous year | 3.49 % change on previous year | 5 |
Countries ranked near Micronesia
- 94 Guatemala 3.65 % change on previous year compare
- 95 Honduras 3.55 % change on previous year compare
- 96 Sint Maarten (Dutch part) 3.5 % change on previous year compare
- 98 Burundi 3.49 % change on previous year compare
- 99 Seychelles 3.47 % change on previous year compare
- 100 Cyprus 3.45 % change on previous year compare
More economy & growth data for Micronesia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -0.1764 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.7 Percent per annum (2029)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 3.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 350.6 million USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.49 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 7.38 % (2024)
- Gross Domestic Product — Annual growth US$ 7.82 % (2024)
- Gross Domestic Product — Value US$ per capita 5,055 USD (2024)
- Gross Domestic Product — Value US$ 1,592 million USD (2024)
- Gross Domestic Product — Value US$, 2015 prices 1,195 million USD (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices, annual growth rate in Micronesia?
- Gross domestic product — value us$, 2015 prices, annual growth rate in Micronesia was 3.49 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Micronesia?
- The highest recorded value was 13.11 % change on previous year in 1974.
- What is the lowest gross domestic product — value us$, 2015 prices, annual growth rate recorded in Micronesia?
- The lowest recorded value was -8.94 % change on previous year in 1976.
- How does Micronesia rank for gross domestic product — value us$, 2015 prices, annual growth rate?
- Micronesia ranks 97th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices, annual growth rate rising or falling in Micronesia?
- Over the last ten years it is up 10.7%. The long-run trend across the full record is volatile.
- Where does this Micronesia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, 2015 prices, 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 US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$, 2015 prices 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 US$, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.