Merchandise trade as a proportion of GDP in Micronesia (Federated States of)
Micronesia (Federated States of): Merchandise trade as a proportion of GDP was 101.2% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Micronesia (Federated States of), 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Micronesia (Federated States of) recorded 101.2% for merchandise trade as a proportion of gdp in 2024. That is the highest value across all 25 years on record.
That represents a change of up 9.8% on the previous year and up 64.6% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Micronesia (Federated States of) peaked at 101.2% in 2024 and was at its lowest, 55.1%, in 2002.
Micronesia (Federated States of) ranks 29th of 218 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Micronesia (Federated States of), year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 56.2% | — |
| 2001 | 59.2% | +5.4% |
| 2002 | 55.1% | -6.9% |
| 2003 | 60.6% | +9.9% |
| 2004 | 63.7% | +5.1% |
| 2005 | 60.6% | -4.9% |
| 2006 | 62.4% | +2.9% |
| 2007 | 65.1% | +4.4% |
| 2008 | 70.5% | +8.3% |
| 2009 | 71.7% | +1.7% |
| 2010 | 68.1% | -5.0% |
| 2011 | 85.1% | +24.9% |
| 2012 | 76.2% | -10.4% |
| 2013 | 71.3% | -6.4% |
| 2014 | 61.5% | -13.8% |
| 2015 | 64.5% | +4.9% |
| 2016 | 72.3% | +12.1% |
| 2017 | 63.8% | -11.8% |
| 2018 | 62.5% | -2.0% |
| 2019 | 65.0% | +4.0% |
| 2020 | 90.6% | +39.5% |
| 2021 | 94.2% | +4.0% |
| 2022 | 93.5% | -0.8% |
| 2023 | 92.2% | -1.4% |
| 2024 | 101.2% | +9.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 62.5% | 55.1% | 71.7% | 10 |
| 2010s | 69.0% | 61.5% | 85.1% | 10 |
| 2020s | 94.4% | 90.6% | 101.2% | 5 |
Countries ranked near Micronesia (Federated States of)
More economy & growth data for Micronesia (Federated States of)
- Gross Domestic Product — Annual growth Standard Local Currency 6.2 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 0.2474 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 0.7191 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 5.7 % (2024)
- Gross Domestic Product — Annual growth US$ 6.2 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 0.7191 % (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 338.76 million SLC (2024)
- Gross Domestic Product — Value US$ 488.5 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,317 USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 140.24 million SLC (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Micronesia (Federated States of)?
- Merchandise trade as a proportion of gdp in Micronesia (Federated States of) was 101.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Micronesia (Federated States of)?
- The highest recorded value was 101.2% in 2024.
- What is the lowest merchandise trade as a proportion of gdp recorded in Micronesia (Federated States of)?
- The lowest recorded value was 55.1% in 2002.
- How does Micronesia (Federated States of) rank for merchandise trade as a proportion of gdp?
- Micronesia (Federated States of) ranks 29th out of 218 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Micronesia (Federated States of)?
- Over the last ten years it is up 64.6%. The long-run trend across the full record is rising.
- Where does this Micronesia (Federated States of) data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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