GDP (current US$), annual growth rate in Micronesia (country)
Micronesia (country): GDP (current US$), annual growth rate was 6.2 % change on previous year in 2024. ◆ Volatile
GDP (current US$), annual growth rate in Micronesia (country), 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp (current us$), annual growth rate in Micronesia (country) is 6.2 % change on previous year, measured in 2024.
That represents a change of down 7.8% on the previous year and up 855.6% over ten years.
Over the whole period, gdp (current us$), annual growth rate in Micronesia (country) peaked at 38.73 % change on previous year in 1973 and was at its lowest, -5.45 % change on previous year, in 1997.
That places Micronesia (country) 100th out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$), annual growth rate in Micronesia (country), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.54 % change on previous year | — |
| 1972 | 15.23 % change on previous year | +59.6% |
| 1973 | 38.73 % change on previous year | +154.3% |
| 1974 | 32.38 % change on previous year | -16.4% |
| 1975 | 0.0521 % change on previous year | -99.8% |
| 1976 | 1.5 % change on previous year | +2790.2% |
| 1977 | 1.05 % change on previous year | -30.1% |
| 1978 | 13.43 % change on previous year | +1176.4% |
| 1979 | 12.33 % change on previous year | -8.2% |
| 1980 | 6.5 % change on previous year | -47.3% |
| 1981 | 19.14 % change on previous year | +194.6% |
| 1982 | 4.69 % change on previous year | -75.5% |
| 1983 | 5.06 % change on previous year | +8.1% |
| 1984 | 0.6726 % change on previous year | -86.7% |
| 1985 | 20.38 % change on previous year | +2930.0% |
| 1986 | 10.08 % change on previous year | -50.5% |
| 1987 | 4 % change on previous year | -60.3% |
| 1988 | 6.86 % change on previous year | +71.3% |
| 1989 | 8.42 % change on previous year | +22.8% |
| 1990 | 8.88 % change on previous year | +5.4% |
| 1991 | 12.91 % change on previous year | +45.4% |
| 1992 | 7.16 % change on previous year | -44.5% |
| 1993 | 11.4 % change on previous year | +59.2% |
| 1994 | 2.07 % change on previous year | -81.9% |
| 1995 | 9.42 % change on previous year | +355.8% |
| 1996 | -1.37 % change on previous year | -114.6% |
| 1997 | -5.45 % change on previous year | +297.2% |
| 1998 | 5.93 % change on previous year | -208.8% |
| 1999 | 0.5789 % change on previous year | -90.2% |
| 2000 | 5.97 % change on previous year | +930.5% |
| 2001 | 3.3 % change on previous year | -44.7% |
| 2002 | 0.6416 % change on previous year | -80.6% |
| 2003 | 1.2 % change on previous year | +87.4% |
| 2004 | -2.12 % change on previous year | -276.1% |
| 2005 | 4.18 % change on previous year | -297.5% |
| 2006 | 1.3 % change on previous year | -68.9% |
| 2007 | 1.28 % change on previous year | -1.7% |
| 2008 | 2.48 % change on previous year | +93.5% |
| 2009 | 6.51 % change on previous year | +163.1% |
| 2010 | 5.94 % change on previous year | -8.7% |
| 2011 | 4.84 % change on previous year | -18.6% |
| 2012 | 5.12 % change on previous year | +5.9% |
| 2013 | -3.07 % change on previous year | -159.9% |
| 2014 | 0.6485 % change on previous year | -121.1% |
| 2015 | -0.871 % change on previous year | -234.3% |
| 2016 | 2.69 % change on previous year | -408.7% |
| 2017 | 10.46 % change on previous year | +289.1% |
| 2018 | 9.19 % change on previous year | -12.1% |
| 2019 | 0.5102 % change on previous year | -94.4% |
| 2020 | -5.35 % change on previous year | -1149.5% |
| 2021 | 5.01 % change on previous year | -193.6% |
| 2022 | 6.22 % change on previous year | +24.0% |
| 2023 | 6.72 % change on previous year | +8.1% |
| 2024 | 6.2 % change on previous year | -7.8% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 6.2 % change on previous year is above the median for upper middle income countries, which is 5.6 % change on previous year, 1.1× the median. (58 countries reporting)
- Micronesia (country)'s 6.2 % change on previous year is above the median for East Asia & Pacific, which is 5.94 % change on previous year, 1.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where GDP (current US$), annual growth rate in Micronesia (country) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1985 | +2930.0% | 0.6726 % change on previous year | 20.38 % change on previous year |
| 1976 | +2790.2% | 0.0521 % change on previous year | 1.5 % change on previous year |
| 1978 | +1176.4% | 1.05 % change on previous year | 13.43 % change on previous year |
| 2020 | -1149.5% | 0.5102 % change on previous year | -5.35 % change on previous year |
| 2000 | +930.5% | 0.5789 % change on previous year | 5.97 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.8 % change on previous year | 0.0521 % change on previous year | 38.73 % change on previous year | 9 |
| 1980s | 8.58 % change on previous year | 0.6726 % change on previous year | 20.38 % change on previous year | 10 |
| 1990s | 5.15 % change on previous year | -5.45 % change on previous year | 12.91 % change on previous year | 10 |
| 2000s | 2.47 % change on previous year | -2.12 % change on previous year | 6.51 % change on previous year | 10 |
| 2010s | 3.55 % change on previous year | -3.07 % change on previous year | 10.46 % change on previous year | 10 |
| 2020s | 3.76 % change on previous year | -5.35 % change on previous year | 6.72 % change on previous year | 5 |
Countries ranked near Micronesia (country)
- 97 Spain 6.34 % change on previous year compare
- 98 Puerto Rico 6.31 % change on previous year compare
- 99 Eswatini 6.25 % change on previous year compare
- 101 Mauritius 6.04 % change on previous year compare
- 102 Solomon Islands 6.01 % change on previous year compare
- 103 Turkmenistan 5.96 % change on previous year compare
More population data for Micronesia (country)
- Population regions with projections, annual growth rate -0.2514 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.266 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.2514 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.8705 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.7432 % change on previous year (2100)
- World population growth -0.3% (2100)
- Population density 183.08 people per km² (2100)
- Number of children under 5, by world region 7,078 people (2100)
- Population growth rate, by level of development -0.3% (2100)
- Number of people living in urban and rural areas, annual growth rate 0.5726 % change on previous year (2025)
Frequently asked questions
- What is gdp (current us$), annual growth rate in Micronesia (country)?
- Gdp (current us$), annual growth rate in Micronesia (country) was 6.2 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current us$), annual growth rate recorded in Micronesia (country)?
- The highest recorded value was 38.73 % change on previous year in 1973.
- What is the lowest gdp (current us$), annual growth rate recorded in Micronesia (country)?
- The lowest recorded value was -5.45 % change on previous year in 1997.
- How does Micronesia (country) rank for gdp (current us$), annual growth rate?
- Micronesia (country) ranks 100th out of 211 countries with data for 2024.
- Is gdp (current us$), annual growth rate rising or falling in Micronesia (country)?
- Over the last ten years it is up 855.6%. The long-run trend across the full record is volatile.
- Where does this Micronesia (country) data come from?
- The figures come from Statizoid (derived), published as part of GDP (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.