Micronesia - GDP

GDP (current US$)

The latest value for GDP (current US$) in Micronesia was $410,083,600 as of 2020. Over the past 37 years, the value for this indicator has fluctuated between $410,083,600 in 2020 and $106,500,000 in 1983.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1983 $106,500,000
1986 $112,210,000
1987 $116,700,000
1988 $124,700,000
1989 $135,200,000
1990 $147,200,000
1991 $166,200,000
1992 $178,100,000
1993 $198,400,000
1994 $202,500,000
1995 $221,575,300
1996 $218,534,700
1997 $206,626,300
1998 $218,873,100
1999 $220,140,500
2000 $233,271,800
2001 $240,970,900
2002 $242,517,200
2003 $245,432,900
2004 $240,236,000
2005 $250,281,900
2006 $253,541,900
2007 $256,787,200
2008 $263,145,100
2009 $280,284,600
2010 $296,944,100
2011 $311,301,600
2012 $327,248,700
2013 $317,214,400
2014 $319,271,200
2015 $316,489,900
2016 $332,265,200
2017 $366,666,800
2018 $401,932,300
2019 $408,057,100
2020 $410,083,600

GDP (current LCU)

The value for GDP (current LCU) in Micronesia was 410,083,600 as of 2020. As the graph below shows, over the past 37 years this indicator reached a maximum value of 410,083,600 in 2020 and a minimum value of 106,500,000 in 1983.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1983 106,500,000
1986 112,210,000
1987 116,700,000
1988 124,700,000
1989 135,200,000
1990 147,200,000
1991 166,200,000
1992 178,100,000
1993 198,400,000
1994 202,500,000
1995 221,575,300
1996 218,534,700
1997 206,626,300
1998 218,873,100
1999 220,140,500
2000 233,271,800
2001 240,970,900
2002 242,517,200
2003 245,432,900
2004 240,236,000
2005 250,281,900
2006 253,541,900
2007 256,787,200
2008 263,145,100
2009 280,284,600
2010 296,944,100
2011 311,301,600
2012 327,248,700
2013 317,214,400
2014 319,271,200
2015 316,489,900
2016 332,265,200
2017 366,666,800
2018 401,932,300
2019 408,057,100
2020 410,083,600

GDP at market prices: linked series (current LCU)

The latest value for GDP at market prices: linked series (current LCU) in Micronesia was 410,083,600 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 410,083,600 in 2020 and 147,200,000 in 1990.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

Year Value
1990 147,200,000
1991 166,200,000
1992 178,100,000
1993 198,400,000
1994 202,500,000
1995 221,575,300
1996 218,534,700
1997 206,626,300
1998 218,873,100
1999 220,140,500
2000 233,271,800
2001 240,970,900
2002 242,517,200
2003 245,432,900
2004 240,236,000
2005 250,281,900
2006 253,541,900
2007 256,787,200
2008 263,145,100
2009 280,284,600
2010 296,944,100
2011 311,301,600
2012 327,248,700
2013 317,214,400
2014 319,271,200
2015 316,489,900
2016 332,265,200
2017 366,666,800
2018 401,932,300
2019 408,057,100
2020 410,083,600

GDP (constant 2010 US$)

The latest value for GDP (constant 2010 US$) in Micronesia was 326,589,200 as of 2020. Over the past 34 years, the value for this indicator has fluctuated between 332,458,500 in 2019 and 218,165,700 in 1986.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2010 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2010 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1986 218,165,700
1987 220,783,200
1988 226,410,800
1989 234,394,000
1990 243,162,500
1991 261,223,000
1992 271,692,900
1993 293,810,500
1994 292,240,000
1995 312,739,100
1996 302,786,600
1997 284,434,800
1998 292,542,700
1999 296,563,500
2000 310,899,100
2001 317,638,200
2002 319,375,600
2003 324,396,600
2004 314,404,700
2005 320,824,400
2006 320,564,400
2007 314,678,200
2008 307,099,200
2009 310,456,100
2010 317,470,500
2011 327,593,300
2012 321,477,700
2013 309,648,100
2014 302,508,300
2015 316,489,900
2016 319,338,900
2017 327,904,100
2018 328,598,200
2019 332,458,500
2020 326,589,200

GDP (constant LCU)

The value for GDP (constant LCU) in Micronesia was 249,546,200 as of 2020. As the graph below shows, over the past 34 years this indicator reached a maximum value of 254,030,900 in 2019 and a minimum value of 166,700,000 in 1986.

Definition: GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1986 166,700,000
1987 168,700,000
1988 173,000,000
1989 179,100,000
1990 185,800,000
1991 199,600,000
1992 207,600,000
1993 224,500,000
1994 223,300,000
1995 238,963,300
1996 231,358,600
1997 217,336,100
1998 223,531,300
1999 226,603,600
2000 237,557,400
2001 242,706,700
2002 244,034,300
2003 247,870,800
2004 240,236,000
2005 245,141,300
2006 244,942,600
2007 240,445,000
2008 234,653,900
2009 237,218,900
2010 242,578,600
2011 250,313,400
2012 245,640,500
2013 236,601,500
2014 231,146,000
2015 241,829,300
2016 244,006,200
2017 250,550,900
2018 251,081,200
2019 254,030,900
2020 249,546,200

GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Micronesia was 408,706,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 411,096,400 in 2019 and 170,422,400 in 1990.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 170,422,400
1991 189,271,600
1992 201,343,900
1993 222,895,600
1994 226,438,500
1995 247,403,200
1996 243,915,700
1997 233,229,400
1998 242,577,500
1999 249,462,000
2000 267,367,000
2001 279,154,100
2002 285,120,800
2003 294,981,400
2004 293,592,400
2005 308,919,200
2006 318,009,700
2007 320,556,200
2008 318,920,700
2009 324,864,700
2010 336,075,700
2011 354,035,900
2012 354,089,800
2013 347,045,400
2014 345,315,000
2015 364,716,400
2016 371,860,700
2017 389,013,400
2018 399,196,700
2019 411,096,400
2020 408,706,000

GDP, PPP (constant 2011 international $)

The latest value for GDP, PPP (constant 2011 international $) in Micronesia was 387,453,500 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 394,416,600 in 2019 and 288,479,100 in 1990.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 288,479,100
1991 309,905,400
1992 322,326,500
1993 348,566,000
1994 346,702,800
1995 371,022,100
1996 359,214,800
1997 337,443,100
1998 347,061,900
1999 351,832,100
2000 368,839,300
2001 376,834,300
2002 378,895,600
2003 384,852,200
2004 372,998,200
2005 380,614,300
2006 380,305,800
2007 373,322,700
2008 364,331,200
2009 368,313,700
2010 376,635,400
2011 388,644,700
2012 381,389,400
2013 367,355,100
2014 358,884,800
2015 375,472,000
2016 378,851,900
2017 389,013,400
2018 389,836,800
2019 394,416,600
2020 387,453,500

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts