Government spending as share of GDP in Micronesia (country)
Micronesia (country): Government spending as share of GDP was 57.0% in 2024. ▼ Falling
Government spending as share of GDP in Micronesia (country), 1995–2024
Source: International Monetary Fund (2025) – with minor processing by Our World in Data. Measured in % of GDP.
Analysis
In 2024, government spending as share of gdp in Micronesia (country) stood at 57.0%.
The figure is up 6.5% on the previous year and up 4.0% over ten years.
Over the whole period, government spending as share of gdp in Micronesia (country) peaked at 77.2% in 1995 and was at its lowest, 53.5%, 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.
Government spending as share of GDP in Micronesia (country), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 77.2% | — |
| 1996 | 71.4% | -7.5% |
| 1997 | 64.3% | -10.0% |
| 1998 | 72.4% | +12.5% |
| 1999 | 73.0% | +0.8% |
| 2000 | 67.4% | -7.6% |
| 2001 | 64.2% | -4.8% |
| 2002 | 59.6% | -7.2% |
| 2003 | 67.5% | +13.4% |
| 2004 | 71.9% | +6.5% |
| 2005 | 60.2% | -16.3% |
| 2006 | 61.2% | +1.6% |
| 2007 | 60.1% | -1.7% |
| 2008 | 59.8% | -0.6% |
| 2009 | 64.3% | +7.6% |
| 2010 | 68.4% | +6.4% |
| 2011 | 65.9% | -3.7% |
| 2012 | 65.8% | -0.1% |
| 2013 | 60.2% | -8.5% |
| 2014 | 54.8% | -9.0% |
| 2015 | 56.4% | +3.1% |
| 2016 | 62.7% | +11.0% |
| 2017 | 65.0% | +3.8% |
| 2018 | 56.5% | -13.0% |
| 2019 | 57.3% | +1.3% |
| 2020 | 60.6% | +5.8% |
| 2021 | 66.5% | +9.8% |
| 2022 | 56.3% | -15.4% |
| 2023 | 53.5% | -5.0% |
| 2024 | 57.0% | +6.5% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 57.0% is above the median for upper middle income countries, which is 30.9%, 1.8× the median. (44 countries reporting)
- Micronesia (country)'s 57.0% is above the median for East Asia & Pacific, which is 30.8%, 1.8× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 71.7% | 64.3% | 77.2% | 5 |
| 2000s | 63.6% | 59.6% | 71.9% | 10 |
| 2010s | 61.3% | 54.8% | 68.4% | 10 |
| 2020s | 58.8% | 53.5% | 66.5% | 5 |
Countries ranked near Micronesia (country)
More economy & growth data for Micronesia (country)
- Industry (including construction), value added (constant 2015 US$) 0.0384 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (current US$), annual growth rate 2.29 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 96.73 constant LCU per person (2025)
- Industry (including construction), value added (constant LCU), per 0.0219 constant LCU per US$ of GDP (2025)
- Exports of goods and services (current US$), per capita 976.4 current US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 19.1 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 169.45 constant 2015 US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 12.46 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.0528 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 232.87 current LCU per person (2025)
Frequently asked questions
- What is government spending as share of gdp in Micronesia (country)?
- Government spending as share of gdp in Micronesia (country) was 57.0% in 2024, according to International Monetary Fund (2025) – with minor processing by Our World in Data.
- What is the highest government spending as share of gdp recorded in Micronesia (country)?
- The highest recorded value was 77.2% in 1995.
- What is the lowest government spending as share of gdp recorded in Micronesia (country)?
- The lowest recorded value was 53.5% in 2023.
- How does Micronesia (country) rank for government spending as share of gdp?
- Micronesia (country) ranks 7th out of 151 countries with data for 2024.
- Is government spending as share of 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 International Monetary Fund (2025) – with minor processing by Our World in Data, published as part of Government spending as share of GDP. Statizoid updates them automatically from the source API.
Download this data
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About this data
Sum of all the money spent by the government on goods and services, as a percentage of GDP. It includes interest paid on government debt.