Micronesia, Fed. Sts.: Agriculture, forestry, and fishing, value added (% of GDP)
In , Micronesia, Fed. Sts.'s Agriculture, forestry, and fishing, value added (% of GDP) was 22.79.
That's down 2.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 9.78 . Micronesia, Fed. Sts. ranks #21 globally out of 173 reporting countries. Within East Asia & Pacific, it ranks #2 of 21.
Source: World Bank Open Data (NV.AGR.TOTL.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 28.67
- Trough
- 22.05
- 1-year change
- -2.7%
- 5-year change
- -2.0%
- -0.4% / yr
- 10-year change
- -10.2%
- -1.1% / yr
Historical Data — Last 10 Years
| Year | Agriculture, forestry, and fishing, value added (% of GDP) |
|---|---|
| 22.7898 | |
| 23.4117 | |
| 23.2271 | |
| 22.1845 | |
| 22.0481 | |
| 23.2545 | |
| 22.5122 | |
| 27.6299 | |
| 27.1669 | |
| 26.6800 |
About Agriculture, forestry, and fishing, value added (% of GDP)
Agriculture, forestry, and fishing corresponds to ISIC (Rev. 4) divisions 01-03 and includes the exploitation of vegetal and animal natural resources, comprising the activities of growing of crops, raising and breeding of animals, harvesting of timber and other plants, animals or animal products from a farm or their natural habitats.Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period. Note: For VAB countries, gross value added at factor cost is used as the denominator.
Indicator code: NV.AGR.TOTL.ZS • Category: Economy
Frequently asked questions
- What was Micronesia, Fed. Sts.'s Agriculture, forestry, and fishing, value added (% of GDP) in 2024?
- In 2024, Micronesia, Fed. Sts.'s Agriculture, forestry, and fishing, value added (% of GDP) was 22.79, according to World Bank Open Data.
- Is Micronesia, Fed. Sts.'s Agriculture, forestry, and fishing, value added (% of GDP) rising or falling?
- Micronesia, Fed. Sts.'s Agriculture, forestry, and fishing, value added (% of GDP) fell 2.7% from 2023 to 2024.
- How does Micronesia, Fed. Sts. rank globally on Agriculture, forestry, and fishing, value added (% of GDP)?
- In 2024, Micronesia, Fed. Sts. ranked #21 out of 173 countries reporting Agriculture, forestry, and fishing, value added (% of GDP).
- How does Micronesia, Fed. Sts.'s Agriculture, forestry, and fishing, value added (% of GDP) compare to the world average?
- The global average for Agriculture, forestry, and fishing, value added (% of GDP) in 2024 was 9.78, so Micronesia, Fed. Sts. is above the world average. Within East Asia & Pacific, it ranks #2 of 21.
- What is Agriculture, forestry, and fishing, value added (% of GDP) and how is it measured?
- Agriculture, forestry, and fishing corresponds to ISIC (Rev. 4) divisions 01-03 and includes the exploitation of vegetal and animal natural resources, comprising the activities of growing of crops, raising and breeding of animals, harvesting of timber and other plants, animals or animal products from a farm or their natural habitats.Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period. Note: For VAB countries, gross value added at factor cost is used as the denominator.
Source: World Bank Open Data (NV.AGR.TOTL.ZS), CC BY 4.0.