Share of products from least-developed countries that have no tariff in Micronesia (country)
Micronesia (country): Share of products from least-developed countries that have no tariff was 41.4% in 2024. ▲ Rising
Latest (2024)
41.4%
Change on year
unchanged
World rank
206th
of 230 countries
All-time high
56.4%
in 2015
All-time low
20.9%
in 2010
Years of data
12
2005–2024
Share of products from least-developed countries that have no tariff in Micronesia (country), 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
In 2024, share of products from least-developed countries that have no tariff in Micronesia (country) stood at 41.4%.
That represents a change of down 26.6% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in Micronesia (country) peaked at 56.4% in 2015 and was at its lowest, 20.9%, in 2010.
Micronesia (country) ranks 206th of 230 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Share of products from least-developed countries that have no tariff in Micronesia (country), year by year
| Year | % | Change |
|---|---|---|
| 2005 | 24.7% | — |
| 2010 | 20.9% | -15.1% |
| 2015 | 56.4% | +169.1% |
| 2016 | 44.1% | -21.7% |
| 2017 | 41.1% | -6.8% |
| 2018 | 41.7% | +1.5% |
| 2019 | 35.3% | -15.5% |
| 2020 | 34.3% | -2.7% |
| 2021 | 43.9% | +27.9% |
| 2022 | 37.1% | -15.4% |
| 2023 | 41.4% | +11.4% |
| 2024 | 41.4% | +0.0% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 41.4% is below the median for upper middle income countries, which is 65.5%, 63% of the median. (58 countries reporting)
- Micronesia (country)'s 41.4% is below the median for East Asia & Pacific, which is 62.5%, 66% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.7% | 24.7% | 24.7% | 1 |
| 2010s | 39.9% | 20.9% | 56.4% | 6 |
| 2020s | 39.6% | 34.3% | 43.9% | 5 |
Countries ranked near Micronesia (country)
- 203 China 42.2% compare
- 204 United Arab Emirates 42.0% compare
- 205 India 42.0% compare
- 207 Norfolk Island 41.3% compare
- 208 Cayman Islands 41.0% compare
- 209 Puerto Rico 39.7% compare
More economy & growth data for Micronesia (country)
- Services, value added (current US$), per unit of GDP 0.6526 current US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), annual growth rate -1.57 % change on previous year (2025)
- Services, value added (current LCU), per capita 2,881 current LCU per person (2025)
- Services, value added (current LCU), per unit of GDP 0.6526 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.7094 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), annual growth rate 2.29 % change on previous year (2025)
- Services, value added (current US$), per capita 2,881 current US$ per person (2025)
- External balance on goods and services (current US$), annual growth 1.21 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 0.0219 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 96.73 constant LCU per person (2025)
Frequently asked questions
- What is share of products from least-developed countries that have no tariff in Micronesia (country)?
- Share of products from least-developed countries that have no tariff in Micronesia (country) was 41.4% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in Micronesia (country)?
- The highest recorded value was 56.4% in 2015.
- What is the lowest share of products from least-developed countries that have no tariff recorded in Micronesia (country)?
- The lowest recorded value was 20.9% in 2010.
- How does Micronesia (country) rank for share of products from least-developed countries that have no tariff?
- Micronesia (country) ranks 206th out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in Micronesia (country)?
- Over the last ten years it is down 26.6%. The long-run trend across the full record is rising.
- Where does this Micronesia (country) data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
Download this data
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).