Value Added (Total Manufacturing) — Value Standard Local Currency in Micronesia (Federated States of)
Micronesia (Federated States of): Value Added (Total Manufacturing) — Value Standard Local Currency was 2.05 million SLC in 2023. ▼ Falling
Value Added (Total Manufacturing) — Value Standard Local Currency in Micronesia (Federated States of), 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Micronesia (Federated States of) stood at 2.05 million SLC.
That represents a change of up 0.8% on the previous year and up 76.3% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Micronesia (Federated States of) peaked at 6.81 million SLC in 2001 and was at its lowest, 1.16 million SLC, in 2013.
The long-run direction has been consistently falling across the 54 years of available data.
Value Added (Total Manufacturing) — Value Standard Local Currency in Micronesia (Federated States of), year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 1.61 million SLC | — |
| 1971 | 1.65 million SLC | +2.3% |
| 1972 | 1.67 million SLC | +1.1% |
| 1973 | 2.23 million SLC | +33.9% |
| 1974 | 2.58 million SLC | +15.3% |
| 1975 | 2.58 million SLC | +0.1% |
| 1976 | 2.59 million SLC | +0.4% |
| 1977 | 2.65 million SLC | +2.4% |
| 1978 | 2.8 million SLC | +5.6% |
| 1979 | 2.86 million SLC | +2.1% |
| 1980 | 2.65 million SLC | -7.2% |
| 1981 | 2.91 million SLC | +9.7% |
| 1982 | 2.83 million SLC | -2.6% |
| 1983 | 2.89 million SLC | +1.9% |
| 1984 | 2.77 million SLC | -4.0% |
| 1985 | 3.23 million SLC | +16.5% |
| 1986 | 3.49 million SLC | +8.1% |
| 1987 | 3.56 million SLC | +1.9% |
| 1988 | 3.77 million SLC | +5.9% |
| 1989 | 3.81 million SLC | +1.2% |
| 1990 | 3.94 million SLC | +3.5% |
| 1991 | 4.18 million SLC | +6.0% |
| 1992 | 4.41 million SLC | +5.5% |
| 1993 | 4.57 million SLC | +3.5% |
| 1994 | 4.72 million SLC | +3.5% |
| 1995 | 5.18 million SLC | +9.7% |
| 1996 | 4.22 million SLC | -18.5% |
| 1997 | 4.76 million SLC | +12.8% |
| 1998 | 5.27 million SLC | +10.8% |
| 1999 | 4.96 million SLC | -6.0% |
| 2000 | 5.75 million SLC | +16.1% |
| 2001 | 6.81 million SLC | +18.4% |
| 2002 | 6.54 million SLC | -4.1% |
| 2003 | 6.07 million SLC | -7.0% |
| 2004 | 4.88 million SLC | -19.6% |
| 2005 | 1.92 million SLC | -60.6% |
| 2006 | 1.27 million SLC | -34.2% |
| 2007 | 1.26 million SLC | -0.2% |
| 2008 | 1.31 million SLC | +3.9% |
| 2009 | 1.34 million SLC | +1.7% |
| 2010 | 1.41 million SLC | +5.7% |
| 2011 | 1.46 million SLC | +3.2% |
| 2012 | 1.34 million SLC | -8.1% |
| 2013 | 1.16 million SLC | -13.3% |
| 2014 | 1.17 million SLC | +0.8% |
| 2015 | 1.33 million SLC | +13.4% |
| 2016 | 1.87 million SLC | +41.1% |
| 2017 | 1.92 million SLC | +2.7% |
| 2018 | 1.94 million SLC | +0.8% |
| 2019 | 2.24 million SLC | +15.5% |
| 2020 | 2.12 million SLC | -5.2% |
| 2021 | 2.14 million SLC | +0.9% |
| 2022 | 2.03 million SLC | -5.1% |
| 2023 | 2.05 million SLC | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.32 million SLC | 1.61 million SLC | 2.86 million SLC | 10 |
| 1980s | 3.19 million SLC | 2.65 million SLC | 3.81 million SLC | 10 |
| 1990s | 4.62 million SLC | 3.94 million SLC | 5.27 million SLC | 10 |
| 2000s | 3.72 million SLC | 1.26 million SLC | 6.81 million SLC | 10 |
| 2010s | 1.58 million SLC | 1.16 million SLC | 2.24 million SLC | 10 |
| 2020s | 2.08 million SLC | 2.03 million SLC | 2.14 million SLC | 4 |
Countries ranked near Micronesia (Federated States of)
- 9 Bolivia (Plurinational State of) 27,637 million SLC compare
- 9 China, mainland 30.03 million million SLC compare
- 10 Republic of Moldova 17,299 million SLC compare
- 10 Uganda 21.63 million million SLC compare
- 11 Myanmar 21.00 million million SLC compare
- 11 Timor-Leste 27.93 million SLC compare
- 12 Chile 17.35 million million SLC compare
- 13 Russian Federation 12.26 million million SLC compare
- 13 Venezuela (Bolivarian Republic of) 0 million SLC compare
- 14 Guinea 12.21 million million SLC compare
- 15 Iraq 10.67 million million SLC compare
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 value added (total manufacturing) — value standard local currency in Micronesia (Federated States of)?
- Value added (total manufacturing) — value standard local currency in Micronesia (Federated States of) was 2.05 million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Micronesia (Federated States of)?
- The highest recorded value was 6.81 million SLC in 2001.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Micronesia (Federated States of)?
- The lowest recorded value was 1.16 million SLC in 2013.
- How does Micronesia (Federated States of) rank for value added (total manufacturing) — value standard local currency?
- Micronesia (Federated States of) ranks 12th out of 13 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Micronesia (Federated States of)?
- Over the last ten years it is up 76.3%. The long-run trend across the full record is falling.
- Where does this Micronesia (Federated States of) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency, 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).