Micronesia: Trade balance, percent of GDP

(measure: percent; Source: The World Bank)
* indicates monthly or quarterly data series

Micronesia: Trade balance as percent of GDP

: For that indicator, The World Bank provides data for Micronesia from 1983 to 2018. The average value for Micronesia during that period was -56.47 percent with a minimum of -80.94 percent in 1983 and a maximum of -29.9 percent in 2018. The latest value from 2018 is -29.9 percent. For comparison, the world average in 2018 based on 134 countries is -4.82 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The trade balance for Micronesia and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
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