Value Added (Total Manufacturing) — Annual growth US$, 2015 prices in Micronesia
Micronesia: Value Added (Total Manufacturing) — Annual growth US$, 2015 prices was 1.76 % in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Annual growth US$, 2015 prices in Micronesia, 1971–2023
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Micronesia recorded 1.76 % for value added (total manufacturing) — annual growth us$, 2015 prices in 2023.
Compared with earlier readings it is up 1,156.0% on the previous year and up 116.1% over ten years.
Over the whole period, value added (total manufacturing) — annual growth us$, 2015 prices in Micronesia peaked at 59.84 % in 2008 and was at its lowest, -34.98 %, in 2005.
That places Micronesia 12th out of 20 regions with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Annual growth US$, 2015 prices in Micronesia, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 5.87 % | — |
| 1972 | 10.5 % | +78.7% |
| 1973 | -3.41 % | -132.5% |
| 1974 | 6.14 % | -280.4% |
| 1975 | 9.25 % | +50.5% |
| 1976 | 4.85 % | -47.5% |
| 1977 | -4.17 % | -186.0% |
| 1978 | -7.82 % | +87.5% |
| 1979 | 26.01 % | -432.5% |
| 1980 | -3.95 % | -115.2% |
| 1981 | 9.42 % | -338.3% |
| 1982 | -0.7362 % | -107.8% |
| 1983 | -1.35 % | +83.4% |
| 1984 | 2.12 % | -257.1% |
| 1985 | 4.22 % | +98.9% |
| 1986 | 2.35 % | -44.2% |
| 1987 | 1.89 % | -19.5% |
| 1988 | 1.76 % | -7.0% |
| 1989 | 2.62 % | +48.6% |
| 1990 | 4.66 % | +78.2% |
| 1991 | -1.1 % | -123.6% |
| 1992 | -4.38 % | +298.4% |
| 1993 | -4.17 % | -4.8% |
| 1994 | 8.58 % | -305.7% |
| 1995 | 7.2 % | -16.1% |
| 1996 | -9.56 % | -232.7% |
| 1997 | 1.68 % | -117.5% |
| 1998 | -0.7195 % | -142.9% |
| 1999 | 7.71 % | -1171.6% |
| 2000 | 10.58 % | +37.2% |
| 2001 | 13.23 % | +25.1% |
| 2002 | 2.72 % | -79.5% |
| 2003 | -4.5 % | -265.4% |
| 2004 | -1.68 % | -62.5% |
| 2005 | -34.98 % | +1976.1% |
| 2006 | -9.71 % | -72.2% |
| 2007 | 26.12 % | -369.0% |
| 2008 | 59.84 % | +129.1% |
| 2009 | 27.64 % | -53.8% |
| 2010 | 13.14 % | -52.5% |
| 2011 | 7 % | -46.7% |
| 2012 | 7.92 % | +13.0% |
| 2013 | -10.9 % | -237.8% |
| 2014 | -3.2 % | -70.6% |
| 2015 | 25.67 % | -901.5% |
| 2016 | -7.24 % | -128.2% |
| 2017 | -5.87 % | -18.9% |
| 2018 | 10.21 % | -273.9% |
| 2019 | 2.79 % | -72.6% |
| 2020 | 0.2024 % | -92.8% |
| 2021 | 3.06 % | +1412.9% |
| 2022 | -0.1662 % | -105.4% |
| 2023 | 1.76 % | -1156.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.25 % | -7.82 % | 26.01 % | 9 |
| 1980s | 1.83 % | -3.95 % | 9.42 % | 10 |
| 1990s | 0.9902 % | -9.56 % | 8.58 % | 10 |
| 2000s | 8.93 % | -34.98 % | 59.84 % | 10 |
| 2010s | 3.95 % | -10.9 % | 25.67 % | 10 |
| 2020s | 1.21 % | -0.1662 % | 3.06 % | 4 |
Countries ranked near Micronesia
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 Fixed Capital Formation — Annual growth US$ 4.92 % (2024)
- Gross Domestic Product — Value US$ per capita 5,055 USD (2024)
- Gross Domestic Product — Value US$ 1,592 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 429.08 million USD (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 350.6 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.33 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 26.96 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 2.39 % (2024)
Frequently asked questions
- What is value added (total manufacturing) — annual growth us$, 2015 prices in Micronesia?
- Value added (total manufacturing) — annual growth us$, 2015 prices in Micronesia was 1.76 % in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — annual growth us$, 2015 prices recorded in Micronesia?
- The highest recorded value was 59.84 % in 2008.
- What is the lowest value added (total manufacturing) — annual growth us$, 2015 prices recorded in Micronesia?
- The lowest recorded value was -34.98 % in 2005.
- How does Micronesia rank for value added (total manufacturing) — annual growth us$, 2015 prices?
- Micronesia ranks 12th out of 20 regions with data for 2023.
- Is value added (total manufacturing) — annual growth us$, 2015 prices rising or falling in Micronesia?
- Over the last ten years it is up 116.1%. The long-run trend across the full record is volatile.
- Where does this Micronesia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Annual growth US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).