For that indicator, we provide data for Micronesia from 2007 to 2019. The average value for Micronesia during that period was 7.52 index points with a minimum of 6.4 index points in 2010 and a maximum of 9 index points in 2016.
The latest value from 2019 is 8.2 index points. For comparison, the world average in 2019 based on 176
countries is 5.49 index points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: The Economic decline indicator considers factors related to economic decline within a country. For example, the indicator looks at patterns of progressive economic decline of the society as a whole as measured by per capita income, Gross National Product, unemployment rates, inflation, productivity, debt, poverty levels, or business failures. It also takes into account sudden drops in commodity prices, trade revenue, or foreign investment, and any collapse or devaluation of the national currency. The higher the value of the indicator, the greater the economic decline in the country.