Merchandise trade as a proportion of GDP (%) in Micronesia
Micronesia: Merchandise trade as a proportion of GDP (%) was 79.5% in 2024. ◆ Volatile
Merchandise trade as a proportion of GDP in Micronesia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for merchandise trade as a proportion of gdp in Micronesia is 79.5%, measured in 2024.
That represents a change of down 6.8% on the previous year and up 150.6% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Micronesia peaked at 85.3% in 2023 and was at its lowest, 23.6%, in 2020.
That places Micronesia 54th out of 220 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise trade as a proportion of GDP (%) in Micronesia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 66.1% | — |
| 2001 | 63.8% | -3.5% |
| 2011 | 27.7% | -56.6% |
| 2012 | 25.6% | -7.3% |
| 2013 | 25.1% | -2.2% |
| 2014 | 31.7% | +26.5% |
| 2015 | 25.2% | -20.6% |
| 2016 | 25.2% | +0.2% |
| 2017 | 24.8% | -1.8% |
| 2018 | 28.2% | +13.6% |
| 2019 | 28.7% | +1.7% |
| 2020 | 23.6% | -17.7% |
| 2021 | 27.4% | +16.0% |
| 2022 | 31.7% | +15.8% |
| 2023 | 85.3% | +169.1% |
| 2024 | 79.5% | -6.8% |
Biggest year-on-year movements
Years where Merchandise trade as a proportion of GDP (%) 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 |
|---|---|---|---|
| 2023 | +169.1% | 31.7% | 85.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 64.9% | 63.8% | 66.1% | 2 |
| 2010s | 26.9% | 24.8% | 31.7% | 9 |
| 2020s | 49.5% | 23.6% | 85.3% | 5 |
Countries ranked near Micronesia
- 51 Faroe Islands 80.6% compare
- 52 Austria 79.6% compare
- 53 Democratic Republic of the Congo 79.6% compare
- 55 Solomon Islands 78.7% compare
- 56 Honduras 77.7% compare
- 57 Croatia 77.2% 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 5,055 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$, 2015 prices 350.6 million USD (2024)
- Gross Domestic Product — Value US$ 1,592 million USD (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 3.49 % (2024)
- Gross Domestic Product — Annual growth US$ per capita 7.38 % (2024)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Micronesia?
- Merchandise trade as a proportion of gdp in Micronesia was 79.5% 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?
- The highest recorded value was 85.3% in 2023.
- What is the lowest merchandise trade as a proportion of gdp recorded in Micronesia?
- The lowest recorded value was 23.6% in 2020.
- How does Micronesia rank for merchandise trade as a proportion of gdp?
- Micronesia ranks 54th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Micronesia?
- Over the last ten years it is up 150.6%. The long-run trend across the full record is volatile.
- Where does this Micronesia 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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