Gross Domestic Product — Value US$ in Micronesia (Federated States of)

Micronesia (Federated States of): Gross Domestic Product — Value US$ was 488.5 million USD in 2024. ◆ Volatile

Latest (2024)
488.5 million USD
Change on year
up 6.2%
Rank
20th
of 20 regions
All-time high
488.5 million USD
in 2024
All-time low
21.09 million USD
in 1970
Years of data
55
1970–2024

Gross Domestic Product — Value US$ in Micronesia (Federated States of), 1970–2024

0100200300400500197019972024

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

The most recent figure for gross domestic product — value us$ in Micronesia (Federated States of) is 488.5 million USD, measured in 2024. That is the highest value across all 55 years on record.

The figure is up 6.2% on the previous year and up 53.0% over ten years.

Over the whole period, gross domestic product — value us$ in Micronesia (Federated States of) peaked at 488.5 million USD in 2024 and was at its lowest, 21.09 million USD, in 1970.

That places Micronesia (Federated States of) 20th out of 20 regions with data for 2024, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Domestic Product — Value US$ in Micronesia (Federated States of), year by year

Annual values for Gross Domestic Product — Value US$ in Micronesia (Federated States of), 1970 to 2024.
Year million USD Change
1970 21.09 million USD
1971 23.1 million USD +9.5%
1972 26.62 million USD +15.2%
1973 36.93 million USD +38.7%
1974 48.88 million USD +32.4%
1975 48.91 million USD +0.1%
1976 49.65 million USD +1.5%
1977 50.17 million USD +1.1%
1978 56.9 million USD +13.4%
1979 63.92 million USD +12.3%
1980 68.07 million USD +6.5%
1981 81.1 million USD +19.1%
1982 84.9 million USD +4.7%
1983 89.2 million USD +5.1%
1984 89.8 million USD +0.7%
1985 108.1 million USD +20.4%
1986 119 million USD +10.1%
1987 124.2 million USD +4.4%
1988 137.3 million USD +10.5%
1989 144.5 million USD +5.2%
1990 157.9 million USD +9.3%
1991 175.9 million USD +11.4%
1992 189.1 million USD +7.5%
1993 206.6 million USD +9.3%
1994 213.7 million USD +3.4%
1995 221.85 million USD +3.8%
1996 218.72 million USD -1.4%
1997 206.73 million USD -5.5%
1998 219.58 million USD +6.2%
1999 220.57 million USD +0.5%
2000 233.19 million USD +5.7%
2001 239.91 million USD +2.9%
2002 241.47 million USD +0.7%
2003 244.92 million USD +1.4%
2004 240.56 million USD -1.8%
2005 250.64 million USD +4.2%
2006 253.37 million USD +1.1%
2007 256.79 million USD +1.3%
2008 263.14 million USD +2.5%
2009 280.29 million USD +6.5%
2010 296.94 million USD +5.9%
2011 311.3 million USD +4.8%
2012 327.25 million USD +5.1%
2013 317.21 million USD -3.1%
2014 319.27 million USD +0.6%
2015 316.49 million USD -0.9%
2016 325 million USD +2.7%
2017 359 million USD +10.5%
2018 392 million USD +9.2%
2019 394 million USD +0.5%
2020 372 million USD -5.6%
2021 390 million USD +4.8%
2022 430 million USD +10.3%
2023 460 million USD +7.0%
2024 488.5 million USD +6.2%

Averages by decade

DecadeAverage LowestHighest Years
1970s 42.62 million USD 21.09 million USD 63.92 million USD 10
1980s 104.62 million USD 68.07 million USD 144.5 million USD 10
1990s 203.07 million USD 157.9 million USD 221.85 million USD 10
2000s 250.43 million USD 233.19 million USD 280.29 million USD 10
2010s 335.85 million USD 296.94 million USD 394 million USD 10
2020s 428.1 million USD 372 million USD 488.5 million USD 5

Countries ranked near Micronesia (Federated States of)

  1. 17 Netherlands (Kingdom of the) 1.23 million million USD compare
  2. 18 Saudi Arabia 1.08 million million USD compare
  3. 18 Timor-Leste 1,881 million USD compare
  4. 19 Switzerland 936,564 million USD compare
  5. 20 Poland 911,037 million USD compare
  6. 21 USSR 790,484 million USD compare
  7. 22 Belgium 664,696 million USD compare
  8. 23 Argentina 633,267 million USD compare

See the full ranking of 252 places →

More economy & growth data for Micronesia (Federated States of)

All data for Micronesia (Federated States of) →

Frequently asked questions

What is gross domestic product — value us$ in Micronesia (Federated States of)?
Gross domestic product — value us$ in Micronesia (Federated States of) was 488.5 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest gross domestic product — value us$ recorded in Micronesia (Federated States of)?
The highest recorded value was 488.5 million USD in 2024.
What is the lowest gross domestic product — value us$ recorded in Micronesia (Federated States of)?
The lowest recorded value was 21.09 million USD in 1970.
How does Micronesia (Federated States of) rank for gross domestic product — value us$?
Micronesia (Federated States of) ranks 20th out of 20 regions with data for 2024.
Is gross domestic product — value us$ rising or falling in Micronesia (Federated States of)?
Over the last ten years it is up 53.0%. The long-run trend across the full record is volatile.
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 US$. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value US$ in Micronesia (Federated States of). Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 04 September 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-us/micronesia-federated-states-of/

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About this data

Indicator
Gross Domestic Product — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
252 places, 12,899 data points, 1970–2024
Last refreshed

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).