Gross domestic product (GDP) (Total economy, Domestic currency) in Micronesia (country)
Micronesia (country): Gross domestic product (GDP) (Total economy, Domestic currency) was 516.27 million Domestic currency in 2027. ▲ Rising
Gross domestic product (GDP) in Micronesia (country), 1995–2027
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
In 2027, gross domestic product (gdp) in Micronesia (country) stood at 516.27 million Domestic currency. That is the highest value across all 33 years on record.
That represents a change of up 2.7% on the previous year and up 40.8% over ten years.
Over the whole period, gross domestic product (gdp) in Micronesia (country) peaked at 516.27 million Domestic currency in 2027 and was at its lowest, 206.58 million Domestic currency, in 1997.
Micronesia (country) ranks 84th of 86 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Gross domestic product (GDP) (Total economy, Domestic currency) in Micronesia (country), year by year
| Year | Domestic currency | Change |
|---|---|---|
| 1995 | 221.50 million Domestic currency | — |
| 1996 | 218.46 million Domestic currency | -1.4% |
| 1997 | 206.58 million Domestic currency | -5.4% |
| 1998 | 218.82 million Domestic currency | +5.9% |
| 1999 | 220.09 million Domestic currency | +0.6% |
| 2000 | 233.22 million Domestic currency | +6.0% |
| 2001 | 240.90 million Domestic currency | +3.3% |
| 2002 | 242.44 million Domestic currency | +0.6% |
| 2003 | 245.35 million Domestic currency | +1.2% |
| 2004 | 240.15 million Domestic currency | -2.1% |
| 2005 | 250.21 million Domestic currency | +4.2% |
| 2006 | 253.48 million Domestic currency | +1.3% |
| 2007 | 256.72 million Domestic currency | +1.3% |
| 2008 | 263.08 million Domestic currency | +2.5% |
| 2009 | 280.29 million Domestic currency | +6.5% |
| 2010 | 296.94 million Domestic currency | +5.9% |
| 2011 | 311.30 million Domestic currency | +4.8% |
| 2012 | 327.25 million Domestic currency | +5.1% |
| 2013 | 317.21 million Domestic currency | -3.1% |
| 2014 | 319.27 million Domestic currency | +0.6% |
| 2015 | 316.49 million Domestic currency | -0.9% |
| 2016 | 332.26 million Domestic currency | +5.0% |
| 2017 | 366.67 million Domestic currency | +10.4% |
| 2018 | 401.93 million Domestic currency | +9.6% |
| 2019 | 415.68 million Domestic currency | +3.4% |
| 2020 | 411.86 million Domestic currency | -0.9% |
| 2021 | 406.79 million Domestic currency | -1.2% |
| 2022 | 427.63 million Domestic currency | +5.1% |
| 2023 | 453.27 million Domestic currency | +6.0% |
| 2024 | 474.54 million Domestic currency | +4.7% |
| 2025 | 489.31 million Domestic currency | +3.1% |
| 2026 | 502.92 million Domestic currency | +2.8% |
| 2027 | 516.27 million Domestic currency | +2.7% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 516.27 million Domestic currency is below the median for upper middle income countries, which is 7.12 trillion Domestic currency, 0% of the median. (24 countries reporting)
- Micronesia (country)'s 516.27 million Domestic currency is below the median for East Asia & Pacific, which is 3.67 trillion Domestic currency, 0% of the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 217.09 million Domestic currency | 206.58 million Domestic currency | 221.50 million Domestic currency | 5 |
| 2000s | 250.58 million Domestic currency | 233.22 million Domestic currency | 280.29 million Domestic currency | 10 |
| 2010s | 340.50 million Domestic currency | 296.94 million Domestic currency | 415.68 million Domestic currency | 10 |
| 2020s | 460.32 million Domestic currency | 406.79 million Domestic currency | 516.27 million Domestic currency | 8 |
Countries ranked near Micronesia (country)
- 81 Solomon Islands 17.82 billion Domestic currency compare
- 82 Barbados 15.27 billion Domestic currency compare
- 83 San Marino 1.79 billion Domestic currency compare
- 85 Palau 359.75 million Domestic currency compare
- 86 Marshall Islands 331.84 million Domestic currency compare
More public sector data for Micronesia (country)
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 62.15 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0158 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2023)
Frequently asked questions
- What is gross domestic product (gdp) in Micronesia (country)?
- Gross domestic product (gdp) in Micronesia (country) was 516.27 million Domestic currency in 2027, according to International Monetary Fund.
- What is the highest gross domestic product (gdp) recorded in Micronesia (country)?
- The highest recorded value was 516.27 million Domestic currency in 2027.
- What is the lowest gross domestic product (gdp) recorded in Micronesia (country)?
- The lowest recorded value was 206.58 million Domestic currency in 1997.
- How does Micronesia (country) rank for gross domestic product (gdp)?
- Micronesia (country) ranks 84th out of 86 countries with data for 2027.
- Is gross domestic product (gdp) rising or falling in Micronesia (country)?
- Over the last ten years it is up 40.8%. The long-run trend across the full record is rising.
- Where does this Micronesia (country) data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP) (Total economy, Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Public Sector Balance Sheet (PSBS) Database shows comprehensive estimates of public sector assets and liabilities that formed the basis for the analysis presented in the October 2018 edition of the Fiscal Monitor. The database covers a broad sample of 55 countries, of which 25 countries contain time-series estimated PSBS and the rest for one single-year data compiled as part of Financial Transparency Evaluations and IMF Technical Assistance missions. The PSBS database is compiled on a best-effort basis, using the conceptual framework of the IMF's Government Finance Statistics Manual 2014. Data for the central and general government generally replicate data reported by country authorities in the IMF's Government Finance Statistics database. Data for the central bank generally replicate data reported by country authorities in the IMF's Monetary and Financial Statistics database. Where these data fail to cover all categories of assets and liabilities, they are complemented by other data reported by statistical authorities at the national level. other international organizations, or staff estimates. Data sources for public corporations are country specific and are captured in the country specific metadata documents.