Historical gov spending gdp in Micronesia (country)
Micronesia (country): Historical gov spending gdp was 56.97 in 2024. ▼ Falling
Latest (2024)
56.97
Change on year
up 6.5%
World rank
7th
of 151 countries
All-time high
77.24
in 1995
All-time low
53.48
in 2023
Years of data
30
1995–2024
Historical gov spending gdp in Micronesia (country), 1995–2024
Source: Our World in Data.
Analysis
In 2024, historical gov spending gdp in Micronesia (country) stood at 56.97.
The figure is up 6.5% on the previous year and up 4.0% over ten years.
Over the whole period, historical gov spending gdp in Micronesia (country) peaked at 77.24 in 1995 and was at its lowest, 53.48, in 2023.
That places Micronesia (country) 7th out of 151 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 30 years of available data.
Historical gov spending gdp in Micronesia (country), year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 77.24 | — |
| 1996 | 71.44 | -7.5% |
| 1997 | 64.32 | -10.0% |
| 1998 | 72.36 | +12.5% |
| 1999 | 72.96 | +0.8% |
| 2000 | 67.4 | -7.6% |
| 2001 | 64.19 | -4.8% |
| 2002 | 59.55 | -7.2% |
| 2003 | 67.53 | +13.4% |
| 2004 | 71.91 | +6.5% |
| 2005 | 60.21 | -16.3% |
| 2006 | 61.17 | +1.6% |
| 2007 | 60.14 | -1.7% |
| 2008 | 59.8 | -0.6% |
| 2009 | 64.35 | +7.6% |
| 2010 | 68.45 | +6.4% |
| 2011 | 65.9 | -3.7% |
| 2012 | 65.82 | -0.1% |
| 2013 | 60.2 | -8.5% |
| 2014 | 54.76 | -9.0% |
| 2015 | 56.43 | +3.1% |
| 2016 | 62.65 | +11.0% |
| 2017 | 65.01 | +3.8% |
| 2018 | 56.54 | -13.0% |
| 2019 | 57.27 | +1.3% |
| 2020 | 60.58 | +5.8% |
| 2021 | 66.53 | +9.8% |
| 2022 | 56.29 | -15.4% |
| 2023 | 53.48 | -5.0% |
| 2024 | 56.97 | +6.5% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 56.97 is above the median for upper middle income countries, which is 30.92, 1.8× the median. (44 countries reporting)
- Micronesia (country)'s 56.97 is above the median for East Asia & Pacific, which is 30.81, 1.8× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 71.66 | 64.32 | 77.24 | 5 |
| 2000s | 63.63 | 59.55 | 71.91 | 10 |
| 2010s | 61.3 | 54.76 | 68.45 | 10 |
| 2020s | 58.77 | 53.48 | 66.53 | 5 |
Countries ranked near Micronesia (country)
More economy & growth data for Micronesia (country)
- Real gdp growth, annual growth rate 101.67 % change on previous year (2024)
- SDR Allocation, US dollar, per unit of GDP 0.032 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 154.27 units per person (2025)
- SDR Allocation, US dollar, per capita 141.04 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
- SDR Allocation, SDR, per unit of GDP 0.0233 units per US$ of GDP (2025)
- SDR Allocation, SDR, per capita 102.98 units per person (2025)
- IMF Quota, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0349 units per US$ of GDP (2025)
- IMF Quota, SDR, per capita 63.33 units per person (2025)
Frequently asked questions
- What is historical gov spending gdp in Micronesia (country)?
- Historical gov spending gdp in Micronesia (country) was 56.97 in 2024, according to Our World in Data.
- What is the highest historical gov spending gdp recorded in Micronesia (country)?
- The highest recorded value was 77.24 in 1995.
- What is the lowest historical gov spending gdp recorded in Micronesia (country)?
- The lowest recorded value was 53.48 in 2023.
- How does Micronesia (country) rank for historical gov spending gdp?
- Micronesia (country) ranks 7th out of 151 countries with data for 2024.
- Is historical gov spending gdp rising or falling in Micronesia (country)?
- Over the last ten years it is up 4.0%. The long-run trend across the full record is falling.
- Where does this Micronesia (country) data come from?
- The figures come from Our World in Data, published as part of Historical gov spending gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).