(measure: points; Source: The Swiss Institute of Technology in Zurich)
* indicates monthly or quarterly data series
Micronesia: Economic globalization index (0-100)
For that indicator, we provide data for Micronesia from 1986 to 2017. The average value for Micronesia during that period was 57.54 points with a minimum of 48.96 points in 2000 and a maximum of 72.25 points in 2017.
The latest value from 2017 is 72.25 points. For comparison, the world average in 2017 based on 188
countries is 59.06 points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The KOF Economic Globalization Index for Micronesia and other countries has two dimensions. First, it measures the economic flows between Micronesia and the rest of the world in terms of international trade and international investment. The question is whether Micronesia exchanges a lot of goods, services, and investments with other countries. Second, it measures the restrictions to trade and investment such as tariffs and capital controls on international investment. Each dimension is based on several variables that are combined in one overall index that ranges from 0 to 100. More information and the original data can be obtained here.
Definition: Economic globalization has two dimensions: actual economic flows and restrictions to trade and capital. The sub-index on actual economic flows includes data on trade, FDI, and portfolio investment. The sub-index on restrictions takes into account hidden import barriers, mean tariff rates, taxes on international trade (as a share of current revenue), and an index of capital controls.