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.
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)
- External balance on goods and services as a percent of GDP -48.8% (2025)
- Inflation of consumer prices 5.4% (2022)
- GDP per capita 3,020 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 0.5% (2025)
- Gross domestic product (GDP) 343.29 million constant 2015 US$ (2025)
- GDP per capita in international and market dollars 3,020 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 212.70 million current LCU (2025)
- Net secondary income (Net current transfers from abroad) 212.70 million current US$ (2025)
- Taxes less subsidies on products 44.46 million current LCU (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
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
The 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.