Value Added (Total Manufacturing) — Value US$ in Micronesia (Federated States of)
Micronesia (Federated States of): Value Added (Total Manufacturing) — Value US$ was 2.26 million USD in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value US$ in Micronesia (Federated States of), 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, value added (total manufacturing) — value us$ in Micronesia (Federated States of) stood at 2.26 million USD.
Compared with earlier readings it is up 7.0% on the previous year and up 96.4% over ten years.
Over the whole period, value added (total manufacturing) — value us$ in Micronesia (Federated States of) peaked at 4.6 million USD in 2001 and was at its lowest, 0.2833 million USD, in 1970.
Micronesia (Federated States of) ranks 20th of 20 regions on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value US$ in Micronesia (Federated States of), year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 0.2833 million USD | — |
| 1971 | 0.3104 million USD | +9.5% |
| 1972 | 0.3576 million USD | +15.2% |
| 1973 | 0.4961 million USD | +38.7% |
| 1974 | 0.6568 million USD | +32.4% |
| 1975 | 0.6571 million USD | +0.1% |
| 1976 | 0.667 million USD | +1.5% |
| 1977 | 0.674 million USD | +1.1% |
| 1978 | 0.7645 million USD | +13.4% |
| 1979 | 0.8588 million USD | +12.3% |
| 1980 | 0.9146 million USD | +6.5% |
| 1981 | 1.09 million USD | +19.1% |
| 1982 | 1.14 million USD | +4.7% |
| 1983 | 1.2 million USD | +5.1% |
| 1984 | 1.21 million USD | +0.7% |
| 1985 | 1.45 million USD | +20.4% |
| 1986 | 1.6 million USD | +10.2% |
| 1987 | 1.67 million USD | +4.3% |
| 1988 | 1.84 million USD | +10.5% |
| 1989 | 1.95 million USD | +5.5% |
| 1990 | 2.11 million USD | +8.7% |
| 1991 | 2.36 million USD | +11.7% |
| 1992 | 2.57 million USD | +8.8% |
| 1993 | 2.72 million USD | +5.9% |
| 1994 | 2.89 million USD | +6.2% |
| 1995 | 3.12 million USD | +7.9% |
| 1996 | 2.61 million USD | -16.2% |
| 1997 | 3.02 million USD | +15.5% |
| 1998 | 3.4 million USD | +12.9% |
| 1999 | 3.27 million USD | -4.0% |
| 2000 | 3.86 million USD | +18.0% |
| 2001 | 4.6 million USD | +19.2% |
| 2002 | 4.4 million USD | -4.4% |
| 2003 | 4.07 million USD | -7.4% |
| 2004 | 3.33 million USD | -18.3% |
| 2005 | 1.36 million USD | -59.2% |
| 2006 | 0.9229 million USD | -32.0% |
| 2007 | 0.9481 million USD | +2.7% |
| 2008 | 1.05 million USD | +10.8% |
| 2009 | 1.15 million USD | +9.5% |
| 2010 | 1.25 million USD | +8.7% |
| 2011 | 1.34 million USD | +6.9% |
| 2012 | 1.3 million USD | -2.9% |
| 2013 | 1.15 million USD | -11.1% |
| 2014 | 1.17 million USD | +1.5% |
| 2015 | 1.33 million USD | +13.2% |
| 2016 | 1.81 million USD | +36.6% |
| 2017 | 1.9 million USD | +4.7% |
| 2018 | 1.93 million USD | +1.8% |
| 2019 | 1.92 million USD | -0.4% |
| 2020 | 1.84 million USD | -4.2% |
| 2021 | 1.99 million USD | +7.8% |
| 2022 | 2.12 million USD | +6.6% |
| 2023 | 2.26 million USD | +7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.5726 million USD | 0.2833 million USD | 0.8588 million USD | 10 |
| 1980s | 1.41 million USD | 0.9146 million USD | 1.95 million USD | 10 |
| 1990s | 2.81 million USD | 2.11 million USD | 3.4 million USD | 10 |
| 2000s | 2.57 million USD | 0.9229 million USD | 4.6 million USD | 10 |
| 2010s | 1.51 million USD | 1.15 million USD | 1.93 million USD | 10 |
| 2020s | 2.05 million USD | 1.84 million USD | 2.26 million USD | 4 |
Countries ranked near Micronesia (Federated States of)
- 17 Switzerland 159,541 million USD compare
- 18 Saudi Arabia 157,876 million USD compare
- 19 Poland 135,621 million USD compare
- 20 Thailand 128,271 million USD compare
- 21 Netherlands (Kingdom of the) 125,146 million USD compare
- 22 Australia and New Zealand 120,315 million USD compare
- 23 Argentina 105,423 million USD 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 us$ in Micronesia (Federated States of)?
- Value added (total manufacturing) — value us$ in Micronesia (Federated States of) was 2.26 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value us$ recorded in Micronesia (Federated States of)?
- The highest recorded value was 4.6 million USD in 2001.
- What is the lowest value added (total manufacturing) — value us$ recorded in Micronesia (Federated States of)?
- The lowest recorded value was 0.2833 million USD in 1970.
- How does Micronesia (Federated States of) rank for value added (total manufacturing) — value us$?
- Micronesia (Federated States of) ranks 20th out of 20 regions with data for 2023.
- Is value added (total manufacturing) — value us$ rising or falling in Micronesia (Federated States of)?
- Over the last ten years it is up 96.4%. The long-run trend across the full record is volatile.
- 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 US$. 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).