Micronesia: Exports, percent of GDP

* indicates monthly or quarterly data series
 Micronesia

Exports of goods and services as percent of GDP

 Latest value 29.99
 Year 2022
 Measure percent
 Data availability 1983 - 2022
 Average 22.59
 Min - Max 3.38 - 35.47
 Source The World Bank
For that indicator, we provide data for Micronesia from 1983 to 2022. The average value for Micronesia during that period was 22.59 percent with a minimum of 3.38 percent in 1983 and a maximum of 35.47 percent in 2018. The latest value from 2022 is 29.99 percent. For comparison, the world average in 2022 based on 133 countries is 47.15 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Micronesia - Exports, percent of GDP - recent values

Historical chart
Micronesia - Exports, percent of GDP - historical chart - 1983-2022




The exports of Micronesia and other countries are calculated as the total amount of goods and services produced at home and sold abroad. Exports are often reported as percent of GDP so that we can evaluate their magnitude relative to the size of the economy.

If exports are about 15 percent or less of GDP the economy is considered relatively closed as only 15 percent of its products are sold internationally. That, for example, applies to the U.S. In contrast, many small European countries export over 40 percent of their production. They are considered more open to international trade.
Definition: Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.


 Related indicators Latest value Reference Measure
 Terms of trade 97.88 2021 percent
 Trade openness 107.00 2022 percent
 Exports, percent of GDP 29.99 2022 percent
 Exports, billion dollars 0.14 2022 billion U.S. dollars
 Imports, percent of GDP 71.37 2022 percent
 Imports, billion dollars 0.32 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 6.33 2014 percent
 Foreign Direct Investment, billion dollars 0.02 2014 billion U.S. dollars
 Current account, percent of GDP -23.38 2022 percent
 Current account, in dollars 0.02 2014 billion U.S. dollars
 Trade balance, percent of GDP -44.10 2022 percent
 Trade balance, in dollars -0.11 2014 billion U.S. dollars
 Reserves 0.50 2021 billion U.S. dollars
 Remittances, percent of GDP 5.50 2022 percent
 Remittances 22.11 2014 million U.S. dollars
 Net errors and omissions -5.84 2014 million USD
This site uses cookies.
Learn more here


OK