Micronesia, Fed. Sts.: Exports of goods and services (% of GDP)
In , Micronesia, Fed. Sts.'s Exports of goods and services (% of GDP) was 26.94.
That's down 2.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 44.26 . Micronesia, Fed. Sts. ranks #113 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #15 of 24.
Source: World Bank Open Data (NE.EXP.GNFS.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
- 36.48
- Trough
- 17.08
- 1-year change
- -2.5%
- 5-year change
- +1.1%
- +0.2% / yr
- 10-year change
- -17.1%
- -1.9% / yr
Historical Data — Last 10 Years
| Year | Exports of goods and services (% of GDP) |
|---|---|
| 26.9396 | |
| 27.6350 | |
| 21.1560 | |
| 20.1735 | |
| 17.1627 | |
| 26.6497 | |
| 36.4796 | |
| 30.6407 | |
| 28.3077 | |
| 27.7263 |
About Exports of goods and services (% of GDP)
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. 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.
Indicator code: NE.EXP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Micronesia, Fed. Sts.'s Exports of goods and services (% of GDP) in 2024?
- In 2024, Micronesia, Fed. Sts.'s Exports of goods and services (% of GDP) was 26.94, according to World Bank Open Data.
- Is Micronesia, Fed. Sts.'s Exports of goods and services (% of GDP) rising or falling?
- Micronesia, Fed. Sts.'s Exports of goods and services (% of GDP) fell 2.5% from 2023 to 2024.
- How does Micronesia, Fed. Sts. rank globally on Exports of goods and services (% of GDP)?
- In 2024, Micronesia, Fed. Sts. ranked #113 out of 160 countries reporting Exports of goods and services (% of GDP).
- How does Micronesia, Fed. Sts.'s Exports of goods and services (% of GDP) compare to the world average?
- The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Micronesia, Fed. Sts. is below the world average. Within East Asia & Pacific, it ranks #15 of 24.
- What is Exports of goods and services (% of GDP) and how is it measured?
- Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. 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.
Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.