Gross Domestic Product — Value US$ per capita, 2015 prices in Micronesia
Micronesia: Gross Domestic Product — Value US$ per capita, 2015 prices was 3,796 USD in 2024. ▼ Falling
Gross Domestic Product — Value US$ per capita, 2015 prices in Micronesia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, gross domestic product — value us$ per capita, 2015 prices in Micronesia stood at 3,796 USD.
The figure is up 3.1% on the previous year and up 13.2% over ten years.
Over the whole period, gross domestic product — value us$ per capita, 2015 prices in Micronesia peaked at 7,171 USD in 1975 and was at its lowest, 3,067 USD, in 2009.
Micronesia ranks 7th of 20 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Gross Domestic Product — Value US$ per capita, 2015 prices in Micronesia, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 5,935 USD | — |
| 1971 | 5,736 USD | -3.4% |
| 1972 | 5,844 USD | +1.9% |
| 1973 | 6,140 USD | +5.1% |
| 1974 | 7,083 USD | +15.4% |
| 1975 | 7,171 USD | +1.2% |
| 1976 | 6,061 USD | -15.5% |
| 1977 | 5,741 USD | -5.3% |
| 1978 | 5,553 USD | -3.3% |
| 1979 | 5,088 USD | -8.4% |
| 1980 | 4,888 USD | -3.9% |
| 1981 | 4,807 USD | -1.7% |
| 1982 | 4,619 USD | -3.9% |
| 1983 | 4,307 USD | -6.8% |
| 1984 | 4,345 USD | +0.9% |
| 1985 | 3,982 USD | -8.3% |
| 1986 | 3,786 USD | -4.9% |
| 1987 | 3,642 USD | -3.8% |
| 1988 | 3,758 USD | +3.2% |
| 1989 | 3,501 USD | -6.8% |
| 1990 | 3,278 USD | -6.4% |
| 1991 | 3,351 USD | +2.2% |
| 1992 | 3,395 USD | +1.3% |
| 1993 | 3,274 USD | -3.6% |
| 1994 | 3,319 USD | +1.4% |
| 1995 | 3,485 USD | +5.0% |
| 1996 | 3,397 USD | -2.5% |
| 1997 | 3,283 USD | -3.4% |
| 1998 | 3,288 USD | +0.2% |
| 1999 | 3,197 USD | -2.8% |
| 2000 | 3,185 USD | -0.4% |
| 2001 | 3,201 USD | +0.5% |
| 2002 | 3,232 USD | +1.0% |
| 2003 | 3,214 USD | -0.6% |
| 2004 | 3,156 USD | -1.8% |
| 2005 | 3,178 USD | +0.7% |
| 2006 | 3,160 USD | -0.6% |
| 2007 | 3,175 USD | +0.5% |
| 2008 | 3,130 USD | -1.4% |
| 2009 | 3,067 USD | -2.0% |
| 2010 | 3,128 USD | +2.0% |
| 2011 | 3,220 USD | +2.9% |
| 2012 | 3,244 USD | +0.7% |
| 2013 | 3,265 USD | +0.7% |
| 2014 | 3,355 USD | +2.8% |
| 2015 | 3,550 USD | +5.8% |
| 2016 | 3,620 USD | +2.0% |
| 2017 | 3,607 USD | -0.3% |
| 2018 | 3,641 USD | +0.9% |
| 2019 | 3,797 USD | +4.3% |
| 2020 | 3,687 USD | -2.9% |
| 2021 | 3,677 USD | -0.3% |
| 2022 | 3,681 USD | +0.1% |
| 2023 | 3,683 USD | +0.0% |
| 2024 | 3,796 USD | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6,035 USD | 5,088 USD | 7,171 USD | 10 |
| 1980s | 4,164 USD | 3,501 USD | 4,888 USD | 10 |
| 1990s | 3,327 USD | 3,197 USD | 3,485 USD | 10 |
| 2000s | 3,170 USD | 3,067 USD | 3,232 USD | 10 |
| 2010s | 3,443 USD | 3,128 USD | 3,797 USD | 10 |
| 2020s | 3,705 USD | 3,677 USD | 3,796 USD | 5 |
Countries ranked near Micronesia
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$ per capita, 2015 prices in Micronesia?
- Gross domestic product — value us$ per capita, 2015 prices in Micronesia was 3,796 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ per capita, 2015 prices recorded in Micronesia?
- The highest recorded value was 7,171 USD in 1975.
- What is the lowest gross domestic product — value us$ per capita, 2015 prices recorded in Micronesia?
- The lowest recorded value was 3,067 USD in 2009.
- How does Micronesia rank for gross domestic product — value us$ per capita, 2015 prices?
- Micronesia ranks 7th out of 20 groups with data for 2024.
- Is gross domestic product — value us$ per capita, 2015 prices rising or falling in Micronesia?
- Over the last ten years it is up 13.2%. The long-run trend across the full record is falling.
- 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$ per capita, 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).