Gross Domestic Product — Value US$, 2015 prices in Micronesia
Micronesia: Gross Domestic Product — Value US$, 2015 prices was 1,195 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Micronesia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$, 2015 prices in Micronesia stood at 1,195 million USD. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 3.5% on the previous year and up 18.0% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Micronesia peaked at 1,195 million USD in 2024 and was at its lowest, 654.85 million USD, in 1971.
Micronesia ranks 19th of 20 regions on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Micronesia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 657.27 million USD | — |
| 1971 | 654.85 million USD | -0.4% |
| 1972 | 670.82 million USD | +2.4% |
| 1973 | 748.87 million USD | +11.6% |
| 1974 | 847.04 million USD | +13.1% |
| 1975 | 852 million USD | +0.6% |
| 1976 | 775.81 million USD | -8.9% |
| 1977 | 760.03 million USD | -2.0% |
| 1978 | 758.72 million USD | -0.2% |
| 1979 | 734.82 million USD | -3.1% |
| 1980 | 707.86 million USD | -3.7% |
| 1981 | 728.39 million USD | +2.9% |
| 1982 | 719.21 million USD | -1.3% |
| 1983 | 720.59 million USD | +0.2% |
| 1984 | 731.06 million USD | +1.5% |
| 1985 | 740.88 million USD | +1.3% |
| 1986 | 779.25 million USD | +5.2% |
| 1987 | 798.34 million USD | +2.4% |
| 1988 | 846.4 million USD | +6.0% |
| 1989 | 841.65 million USD | -0.6% |
| 1990 | 852.61 million USD | +1.3% |
| 1991 | 838.25 million USD | -1.7% |
| 1992 | 865.09 million USD | +3.2% |
| 1993 | 849.48 million USD | -1.8% |
| 1994 | 875.34 million USD | +3.0% |
| 1995 | 930.81 million USD | +6.3% |
| 1996 | 917.06 million USD | -1.5% |
| 1997 | 895.43 million USD | -2.4% |
| 1998 | 905.81 million USD | +1.2% |
| 1999 | 889.1 million USD | -1.8% |
| 2000 | 894.13 million USD | +0.6% |
| 2001 | 906.9 million USD | +1.4% |
| 2002 | 923.56 million USD | +1.8% |
| 2003 | 925.15 million USD | +0.2% |
| 2004 | 914.11 million USD | -1.2% |
| 2005 | 925.49 million USD | +1.2% |
| 2006 | 923.96 million USD | -0.2% |
| 2007 | 931.17 million USD | +0.8% |
| 2008 | 920.76 million USD | -1.1% |
| 2009 | 905.22 million USD | -1.7% |
| 2010 | 928.28 million USD | +2.5% |
| 2011 | 960.88 million USD | +3.5% |
| 2012 | 971.85 million USD | +1.1% |
| 2013 | 982.08 million USD | +1.1% |
| 2014 | 1,013 million USD | +3.2% |
| 2015 | 1,076 million USD | +6.2% |
| 2016 | 1,101 million USD | +2.4% |
| 2017 | 1,102 million USD | +0.1% |
| 2018 | 1,116 million USD | +1.3% |
| 2019 | 1,168 million USD | +4.6% |
| 2020 | 1,140 million USD | -2.4% |
| 2021 | 1,143 million USD | +0.3% |
| 2022 | 1,149 million USD | +0.6% |
| 2023 | 1,155 million USD | +0.5% |
| 2024 | 1,195 million USD | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 746.02 million USD | 654.85 million USD | 852 million USD | 10 |
| 1980s | 761.36 million USD | 707.86 million USD | 846.4 million USD | 10 |
| 1990s | 881.9 million USD | 838.25 million USD | 930.81 million USD | 10 |
| 2000s | 917.05 million USD | 894.13 million USD | 931.17 million USD | 10 |
| 2010s | 1,042 million USD | 928.28 million USD | 1,168 million USD | 10 |
| 2020s | 1,157 million USD | 1,140 million USD | 1,195 million USD | 5 |
Countries ranked near Micronesia
- 16 Mexico 1.35 million million USD compare
- 17 Indonesia 1.24 million million USD compare
- 18 Netherlands (Kingdom of the) 926,182 million USD compare
- 19 Switzerland 811,110 million USD compare
- 20 Saudi Arabia 790,147 million USD compare
- 21 Poland 656,687 million USD compare
- 22 Argentina 627,647 million USD 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 Fixed Capital Formation — Share of GDP US$, 2015 prices 29.33 % (2024)
- Gross Domestic Product — Value US$ per capita 5,055 USD (2024)
- Gross Domestic Product — Value US$ 1,592 million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 350.6 million USD (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 2.39 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 4.92 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 26.96 % (2024)
- Gross Domestic Product — Annual growth US$ 7.82 % (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Micronesia?
- Gross domestic product — value us$, 2015 prices in Micronesia was 1,195 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Micronesia?
- The highest recorded value was 1,195 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Micronesia?
- The lowest recorded value was 654.85 million USD in 1971.
- How does Micronesia rank for gross domestic product — value us$, 2015 prices?
- Micronesia ranks 19th out of 20 regions with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Micronesia?
- Over the last ten years it is up 18.0%. The long-run trend across the full record is rising.
- Where does this Micronesia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).