Gross Domestic Product — Value US$ in Micronesia
Micronesia: Gross Domestic Product — Value US$ was 1,592 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ 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$ in Micronesia stood at 1,592 million USD. That is the highest value across all 55 years on record.
That represents a change of up 7.8% on the previous year and up 47.3% over ten years.
Over the whole period, gross domestic product — value us$ in Micronesia peaked at 1,592 million USD in 2024 and was at its lowest, 74.45 million USD, in 1970.
Micronesia ranks 214th of 236 countries on this measure, 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, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 74.45 million USD | — |
| 1971 | 79.4 million USD | +6.7% |
| 1972 | 90.66 million USD | +14.2% |
| 1973 | 123.34 million USD | +36.0% |
| 1974 | 165.49 million USD | +34.2% |
| 1975 | 170.52 million USD | +3.0% |
| 1976 | 157.87 million USD | -7.4% |
| 1977 | 157.5 million USD | -0.2% |
| 1978 | 174.09 million USD | +10.5% |
| 1979 | 184.14 million USD | +5.8% |
| 1980 | 194.08 million USD | +5.4% |
| 1981 | 218.77 million USD | +12.7% |
| 1982 | 224.42 million USD | +2.6% |
| 1983 | 235.07 million USD | +4.7% |
| 1984 | 246.01 million USD | +4.7% |
| 1985 | 252.73 million USD | +2.7% |
| 1986 | 281.73 million USD | +11.5% |
| 1987 | 307.79 million USD | +9.3% |
| 1988 | 350.8 million USD | +14.0% |
| 1989 | 370.43 million USD | +5.6% |
| 1990 | 401.71 million USD | +8.4% |
| 1991 | 432.8 million USD | +7.7% |
| 1992 | 479.2 million USD | +10.7% |
| 1993 | 490.22 million USD | +2.3% |
| 1994 | 520 million USD | +6.1% |
| 1995 | 560.8 million USD | +7.8% |
| 1996 | 581.98 million USD | +3.8% |
| 1997 | 570.63 million USD | -2.0% |
| 1998 | 578.6 million USD | +1.4% |
| 1999 | 578.99 million USD | +0.1% |
| 2000 | 592.55 million USD | +2.3% |
| 2001 | 604.49 million USD | +2.0% |
| 2002 | 628.92 million USD | +4.0% |
| 2003 | 654.34 million USD | +4.0% |
| 2004 | 678.58 million USD | +3.7% |
| 2005 | 713.24 million USD | +5.1% |
| 2006 | 723.15 million USD | +1.4% |
| 2007 | 762.69 million USD | +5.5% |
| 2008 | 795.91 million USD | +4.4% |
| 2009 | 809.01 million USD | +1.6% |
| 2010 | 865.23 million USD | +6.9% |
| 2011 | 961.03 million USD | +11.1% |
| 2012 | 1,048 million USD | +9.0% |
| 2013 | 1,047 million USD | -0.1% |
| 2014 | 1,081 million USD | +3.2% |
| 2015 | 1,076 million USD | -0.5% |
| 2016 | 1,146 million USD | +6.6% |
| 2017 | 1,209 million USD | +5.4% |
| 2018 | 1,276 million USD | +5.5% |
| 2019 | 1,266 million USD | -0.8% |
| 2020 | 1,242 million USD | -1.9% |
| 2021 | 1,375 million USD | +10.7% |
| 2022 | 1,389 million USD | +1.1% |
| 2023 | 1,476 million USD | +6.3% |
| 2024 | 1,592 million USD | +7.8% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$ 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 |
|---|---|---|---|
| 1973 | +36.0% | 90.66 million USD | 123.34 million USD |
| 1974 | +34.2% | 123.34 million USD | 165.49 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 137.75 million USD | 74.45 million USD | 184.14 million USD | 10 |
| 1980s | 268.18 million USD | 194.08 million USD | 370.43 million USD | 10 |
| 1990s | 519.49 million USD | 401.71 million USD | 581.98 million USD | 10 |
| 2000s | 696.29 million USD | 592.55 million USD | 809.01 million USD | 10 |
| 2010s | 1,097 million USD | 865.23 million USD | 1,276 million USD | 10 |
| 2020s | 1,415 million USD | 1,242 million USD | 1,592 million USD | 5 |
Countries ranked near Micronesia
- 211 Guinea-Bissau 1,879 million USD compare
- 212 Sint Maarten (Dutch part) 1,788 million USD compare
- 213 Solomon Islands 1,732 million USD compare
- 215 British Virgin Islands 1,565 million USD compare
- 216 Comoros 1,565 million USD compare
- 217 Turks and Caicos Islands 1,493 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 Domestic Product — Value US$ per capita, 2015 prices 3,796 USD (2024)
- Gross Fixed Capital Formation — Annual growth US$ 4.92 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.33 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 26.96 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 350.6 million USD (2024)
- Gross Domestic Product — Value US$ per capita 5,055 USD (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 3.07 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.49 % (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Micronesia?
- Gross domestic product — value us$ in Micronesia was 1,592 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?
- The highest recorded value was 1,592 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Micronesia?
- The lowest recorded value was 74.45 million USD in 1970.
- How does Micronesia rank for gross domestic product — value us$?
- Micronesia ranks 214th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Micronesia?
- Over the last ten years it is up 47.3%. The long-run trend across the full record is volatile.
- 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$. 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).