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Federated States of Micronesia GDP

Federated States of Micronesia's GDP rose to $471.43 million in 2024, up from $443.92 million in 2023, according to World Bank. This represents an increase of 6.2% ($27.51 million) from the previous year. Federated States of Micronesia has the 6th lowest GDP. Within Oceania, it ranks 14th out of 19 countries.

Federated States of Micronesia's GDP per capita rose to $2,937.8 in 2024, up from $2,930.55 in 2023.

Yearly Historical Data (1970-2024)

(in Million USD)
Year GDP (Million USD)
2024 471.43
2023 443.92
2022 415.96
2021 391.6
2020 372.9
2019 394
2018 392
2017 359
2016 325
2015 316.49
2014 319.27
2013 317.21
2012 327.25
2011 311.3
2010 296.94
2009 280.28
2008 263.15
2007 256.79
2006 253.54
2005 250.28
2004 240.24
2003 245.43
2002 242.52
2001 240.97
2000 233.27
1999 220.14
1998 218.87
1997 206.63
1996 218.53
1995 221.58
1994 202.5
1993 198.4
1992 178.1
1991 166.2
1990 147.2
1989 135.2
1988 124.7
1987 116.7
1986 112.21
1985 101.93
1984 84.68
1983 84.11
1982 80.06
1981 76.47
1980 64.19
1979 60.27
1978 53.66
1977 47.31
1976 46.81
1975 46.12
1974 46.1
1973 34.82
1972 25.1
1971 21.78
1970 19.89
Federated States of Micronesia GDP : Definition
GDP measures the total value of all goods and services produced in Federated States of Micronesia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 0.72% 0.48% 2024
GDP per Capita $2,937.8 $2,930.55 2024
GDP per Capita PPP $3,823.6 $3,814.17 2024
Real GDP $332.44M $330.07M 2024