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Micronesia, Fed. Sts.: Trade (% of GDP)

In , Micronesia, Fed. Sts.'s Trade (% of GDP) was 98.42.

That's up 0.6% from 2023, the highest value since .

The global average for this indicator in 2024 was 92.19 . Micronesia, Fed. Sts. ranks #59 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #13 of 24.

Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024

Trend (2005–2024)

Micronesia, Fed. Sts. Trade (% of GDP) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
114.77
Trough
85.01
1-year change
+0.6%
5-year change
+2.9%
+0.6% / yr
10-year change
-8.6%
-0.9% / yr

Historical Data — Last 10 Years

Year Trade (% of GDP)
98.4250
97.8550
90.6344
87.3336
85.0088
95.6853
103.5714
103.3426
102.7692
107.6811

About Trade (% of GDP)

Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy

Frequently asked questions

What was Micronesia, Fed. Sts.'s Trade (% of GDP) in 2024?
In 2024, Micronesia, Fed. Sts.'s Trade (% of GDP) was 98.42, according to World Bank Open Data.
Is Micronesia, Fed. Sts.'s Trade (% of GDP) rising or falling?
Micronesia, Fed. Sts.'s Trade (% of GDP) rose 0.6% from 2023 to 2024.
How does Micronesia, Fed. Sts. rank globally on Trade (% of GDP)?
In 2024, Micronesia, Fed. Sts. ranked #59 out of 160 countries reporting Trade (% of GDP).
How does Micronesia, Fed. Sts.'s Trade (% of GDP) compare to the world average?
The global average for Trade (% of GDP) in 2024 was 92.19, so Micronesia, Fed. Sts. is above the world average. Within East Asia & Pacific, it ranks #13 of 24.
What is Trade (% of GDP) and how is it measured?
Trade is the sum of exports and imports of goods and services. 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.
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Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.