Real gdp growth in Micronesia, Federated States of
Micronesia, Federated States of: Real gdp growth was 2.29 in 2024. ◆ Volatile
Latest (2024)
2.29
Change on year
up 101.7%
World rank
137th
of 196 countries
All-time high
4.51
in 2015
All-time low
-6.25
in 1997
Years of data
29
1996–2024
Real gdp growth in Micronesia, Federated States of, 1996–2024
Source: Our World in Data.
Analysis
The most recent figure for real gdp growth in Micronesia, Federated States of is 2.29, measured in 2024.
The figure is up 101.7% on the previous year and up 188.7% over ten years.
Over the whole period, real gdp growth in Micronesia, Federated States of peaked at 4.51 in 2015 and was at its lowest, -6.25, in 1997.
Micronesia, Federated States of ranks 137th of 196 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Micronesia, Federated States of, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | -3.35 | — |
| 1997 | -6.25 | +86.5% |
| 1998 | 2.92 | -146.8% |
| 1999 | 1.11 | -61.9% |
| 2000 | 4.31 | +286.9% |
| 2001 | 2.09 | -51.4% |
| 2002 | 0.26 | -87.6% |
| 2003 | 1.55 | +496.5% |
| 2004 | -3.22 | -307.8% |
| 2005 | 2.38 | -173.8% |
| 2006 | -0.271 | -111.4% |
| 2007 | -1.73 | +537.6% |
| 2008 | -2.6 | +50.5% |
| 2009 | 1.07 | -141.1% |
| 2010 | 2.04 | +91.2% |
| 2011 | 3.77 | +84.7% |
| 2012 | -1.67 | -144.2% |
| 2013 | -3.66 | +119.2% |
| 2014 | -2.59 | -29.3% |
| 2015 | 4.51 | -274.3% |
| 2016 | 0.985 | -78.2% |
| 2017 | 2.26 | +129.0% |
| 2018 | 0.494 | -78.1% |
| 2019 | 3.36 | +580.8% |
| 2020 | -1.98 | -158.8% |
| 2021 | 3.1 | -256.9% |
| 2022 | -3.11 | -200.5% |
| 2023 | 1.14 | -136.5% |
| 2024 | 2.29 | +101.7% |
Micronesia, Federated States of compared with similar countries
- Micronesia, Federated States of's 2.29 is below the median for upper middle income countries, which is 3.49, 66% of the median. (57 countries reporting)
- Micronesia, Federated States of's 2.29 is below the median for East Asia & Pacific, which is 4.05, 57% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.39 | -6.25 | 2.92 | 4 |
| 2000s | 0.3835 | -3.22 | 4.31 | 10 |
| 2010s | 0.9508 | -3.66 | 4.51 | 10 |
| 2020s | 0.2886 | -3.11 | 3.1 | 5 |
Countries ranked near Micronesia, Federated States of
More economy & growth data for Micronesia, Federated States of
- Real gdp growth, annual growth rate 101.67 % change on previous year (2024)
- SDR Allocation, SDR, per capita 102.98 units per person (2025)
- IMF holdings of currency, SDR, per capita 58.72 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.032 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 141.04 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
- SDR Allocation, SDR, per unit of GDP 0.0233 units per US$ of GDP (2025)
- IMF Quota, SDR, per unit of GDP 0.0143 units per US$ of GDP (2025)
Frequently asked questions
- What is real gdp growth in Micronesia, Federated States of?
- Real gdp growth in Micronesia, Federated States of was 2.29 in 2024, according to Our World in Data.
- What is the highest real gdp growth recorded in Micronesia, Federated States of?
- The highest recorded value was 4.51 in 2015.
- What is the lowest real gdp growth recorded in Micronesia, Federated States of?
- The lowest recorded value was -6.25 in 1997.
- How does Micronesia, Federated States of rank for real gdp growth?
- Micronesia, Federated States of ranks 137th out of 196 countries with data for 2024.
- Is real gdp growth rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 188.7%. The long-run trend across the full record is volatile.
- Where does this Micronesia, Federated States of data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (Our World in Data).