GDP Growth Rate
Year -
0.78%
In 2023, Micronesia experienced a significant an increase in its GDP growth rate, which rise to 0.78% from -0.78% in 2022. Additionally, the GDP per capita growth rate in Micronesia increase to -0.14% in 2023, compared to -1.68% in 2022.
In 2023, Micronesia experienced a increase in economic performance, with the GDP growth rate rising by 1.56%. Additionally, the GDP per capita growth rate increase by 1.54%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | 2.3 | - | -0.54 | - |
| 1972 | 1.07% | -1.23% | -1.52% | -0.98% |
| 1973 | 33.93% | 32.86% | 30.53% | 32.05% |
| 1974 | 15.33% | -18.60% | 12.4% | -18.13% |
| 1975 | 0.07% | -15.26% | -2.27% | -14.67% |
| 1976 | 0.36% | 0.29% | -1.81% | 0.46% |
| 1977 | 2.43% | 2.07% | 0.17% | 1.98% |
| 1978 | 5.64% | 3.21% | 2.94% | 2.77% |
| 1979 | 2.12% | -3.52% | -0.82% | -3.76% |
| 1980 | -7.2% | -9.32% | -9.85% | -9.03% |
| 1981 | 9.72% | 16.92% | 6.61% | 16.46% |
| 1982 | -2.62% | -12.34% | -5.37% | -11.98% |
| 1983 | 1.93% | 4.55% | -0.93% | 4.44% |
| 1984 | -3.95% | -5.88% | -6.64% | -5.71% |
| 1985 | 16.55% | 20.50% | 13.34% | 19.98% |
| 1986 | 7.98% | -8.57% | 5.08% | -8.26% |
| 1987 | 1.2% | -6.78% | -1.47% | -6.55% |
| 1988 | 2.55% | 1.35% | 0.24% | 1.71% |
| 1989 | 3.53% | 0.98% | 1.59% | 1.35% |
| 1990 | 3.74% | 0.21% | 1.84% | 0.25% |
| 1991 | 7.43% | 3.69% | 5.48% | 3.64% |
| 1992 | 4.01% | -3.42% | 1.52% | -3.96% |
| 1993 | 8.14% | 4.13% | 4.94% | 3.42% |
| 1994 | -0.53% | -8.67% | -3.11% | -8.05% |
| 1995 | 7.01% | 7.54% | 5.58% | 8.69% |
| 1996 | -3.18% | -10.19% | -3.58% | -9.16% |
| 1997 | -6.06% | -2.88% | -6.36% | -2.78% |
| 1998 | 2.85% | 8.91% | 2.6% | 8.96% |
| 1999 | 1.37% | -1.48% | 1.25% | -1.35% |
| 2000 | 4.83% | 3.46% | 4.67% | 3.42% |
| 2001 | 2.17% | -2.66% | 1.95% | -2.72% |
| 2002 | 0.55% | -1.62% | 0.51% | -1.44% |
| 2003 | 1.57% | 1.02% | 1.74% | 1.23% |
| 2004 | -3.08% | -4.65% | -2.76% | -4.50% |
| 2005 | 2.04% | 5.12% | 2.5% | 5.26% |
| 2006 | -0.08% | -2.12% | 0.5% | -2.00% |
| 2007 | -1.84% | -1.76% | -1.15% | -1.65% |
| 2008 | -2.41% | -0.57% | -1.67% | -0.52% |
| 2009 | 1.09% | 3.50% | 1.88% | 3.55% |
| 2010 | 2.26% | 1.17% | 2.53% | 0.65% |
| 2011 | 3.19% | 0.93% | 2.9% | 0.37% |
| 2012 | -1.87% | -5.06% | -2.18% | -5.08% |
| 2013 | -3.68% | -1.81% | -4.01% | -1.83% |
| 2014 | -2.31% | 1.37% | -2.68% | 1.33% |
| 2015 | 4.62% | 6.93% | 4.2% | 6.88% |
| 2016 | 0.48% | -4.14% | 0.06% | -4.14% |
| 2017 | 0.82% | 0.34% | 0.36% | 0.30% |
| 2018 | - | - | -0.45% | -0.81% |
| 2019 | 4.08% | - | 3.66% | 4.11% |
| 2020 | -1.96% | -6.04% | -2.6% | -6.26% |
| 2021 | 2.8% | 4.76% | 1.87% | 4.47% |
| 2022 | -0.78% | -3.58% | -1.68% | -3.55% |
| 2023 | 0.78% | 1.56% | -0.14% | 1.54% |