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Federated States of Micronesia Trade (% GDP)

Federated States of Micronesia's trade (% GDP) fell to 96.6% in 2024, down from 98.32% in 2023, according to World Bank. This represents a decrease of 1.72% from the previous year. Federated States of Micronesia has trade (% GDP) higher than the global median (96.60% vs median 84.49%). Compared with the median in Oceania, Federated States of Micronesia is higher (96.60% vs regional median 87.74%) and ranks 6th out of 17 countries in Oceania.

Yearly Historical Data (1983-2024)

(in %)
Year Trade (% GDP)
2024 96.6%
2023 98.32%
2022 87.7%
2021 87.25%
2020 85.31%
2019 95.85%
2018 103.41%
2017 103.18%
2016 102.88%
2015 105.3%
2014 105.86%
2013 113.26%
2012 111.36%
2011 106.9%
2010 105.81%
2009 108.79%
2008 109.29%
2007 98.67%
2006 95.32%
2005 92.52%
2004 93.72%
2003 94.79%
2002 89.81%
2001 95.73%
2000 90.59%
1999 94.74%
1998 101.26%
1997 106.17%
1996 102.08%
1995 91.49%
1983 111.04%
Federated States of Micronesia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Federated States of Micronesia divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $27.62M $45.09M 2013
Annual Imports $187.69M $193.65M 2013
Exports (% GDP) 27.47% 28.34% 2024
Imports (% GDP) 69.13% 69.98% 2024