Micronesia, Fed. Sts.
FSMEast Asia & PacificLower middle incomeCapital: Palikir▶About Micronesia, Fed. Sts.
Micronesia, Fed. Sts.'s GDP is $519.0M (2026), with a population of 113,160, and GDP per capita of $5,492. Key indicators include real GDP growth of 1.4%, inflation at 3.4%, government debt at 6.8% of GDP, life expectancy of 67.2 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.
The economy of the Federated States of Micronesia is classified as lower middle income and is heavily reliant on external aid and grants, which constitute a significant portion of its GDP. The projected GDP for 2026 is approximately $0.519 billion, with a GDP per capita of $5,492.292. The economy is expected to grow at a modest rate of 1.4% in 2026, with inflation projected at 3.4%. Trade is a crucial component, with trade to GDP ratio at 98.42% in 2024. The economy is characterized by limited natural resources and a strong dependence on imports for essential goods. Societally, the Federated States of Micronesia has a population of around 113,160 as of 2024, with a life expectancy of 67.2 years in 2023. The capital, Palikir, serves as the administrative center. The social fabric is deeply influenced by traditional customs and a strong sense of community, with subsistence farming and fishing playing significant roles in daily life. The education and healthcare systems face challenges due to limited resources and geographical dispersion across the archipelago.
▶Economy21 indicators · 2021–2027 · IMF / WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| GDP (Current USD, Billions) | $1 | 2027 | ▲ 3.1% | IMF |
| Real GDP Growth (%) | 0.8% | 2027 | ▼ 42.9% | IMF |
| GDP per Capita (USD) | $5,664 | 2027 | ▲ 3.1% | IMF |
| GDP, PPP (Billions Intl $) | $0 | 2027 | ▲ 2.4% | IMF |
| GDP per Capita, PPP (Intl $) | $5,034 | 2027 | ▲ 2.5% | IMF |
| Share of World GDP, PPP (%) | 0.00% | 2027 | — | IMF |
| GNI (Current USD) | $508.7M | 2024 | ▲ 4.8% | WB |
| GNI per Capita (USD) | $4,240 | 2024 | ▲ 2.7% | WB |
| GNI per Capita, PPP (USD) | $4,690 | 2024 | ▲ 0.6% | WB |
| Industry Value Added (% of GDP) | 5.0% | 2024 | ▼ 1.3% | WB |
| Services Value Added (% of GDP) | 67.9% | 2024 | ▼ 2.5% | WB |
| Agriculture Value Added (% of GDP) | 22.8% | 2024 | ▼ 2.7% | WB |
| GDP Deflator (%) | 6.0% | 2024 | ▲ 6.5% | WB |
| Manufacturing Value Added (% of GDP) | 0.5% | 2024 | ▼ 1.3% | WB |
| Adjusted Net National Income per Capita (USD) | $3,741 | 2021 | ▼ 2.7% | WB |
| External Balance on Goods & Services (% of GDP) | -44.5% | 2024 | ▼ 4.6% | WB |
| Mineral Rents (% of GDP) | 0.00% | 2021 | — | WB |
| Natural Gas Rents (% of GDP) | 0.00% | 2021 | — | WB |
| Total Natural Resources Rents (% of GDP) | 0.0% | 2021 | ▼ 11.1% | WB |
| Forest Rents (% of GDP) | 0.02% | 2021 | ▼ 11.1% | WB |
| Industry Value Added (Current USD) | $23.5M | 2024 | ▲ 5.4% | WB |
▶Fiscal & Monetary20 indicators · 2020–2027 · IMF / WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Inflation, Consumer Prices (%) | 2.4% | 2027 | ▼ 29.4% | IMF |
| Govt Gross Debt (% of GDP) | 4.9% | 2027 | ▼ 27.9% | IMF |
| Fiscal Balance (% of GDP) | 1.1% | 2027 | ▼ 26.7% | IMF |
| Current Account Balance (% of GDP) | -3.5% | 2027 | ▲ 0.0% | IMF |
| Inflation, CPI (%, World Bank) | 5.4% | 2022 | ▲ 69.5% | WB |
| Real Interest Rate (%) | 10.6% | 2021 | ▼ 44.2% | WB |
| Lending Interest Rate (%) | 12.6% | 2021 | ▼ 12.8% | WB |
| Deposit Interest Rate (%) | 0.0% | 2021 | ▼ 42.9% | WB |
| Government Debt (% of GDP) | 27.8% | 2020 | ▲ 15.1% | WB |
| Government Revenue (% of GDP) | 29.7% | 2020 | ▼ 26.0% | WB |
| Government Expenditure (% of GDP) | 23.4% | 2020 | ▼ 1.2% | WB |
| Tax Revenue (% of GDP) | 7.0% | 2020 | ▼ 64.7% | WB |
| Taxes on Goods & Services (% of revenue) | 3.4% | 2020 | ▲ 17.5% | WB |
| Taxes on International Trade (% of revenue) | 4.5% | 2020 | ▲ 38.4% | WB |
| Taxes on Income, Profits & Capital Gains (% of rev) | 10.9% | 2020 | ▼ 69.2% | WB |
| Net Investment in Nonfinancial Assets (% of GDP) | 10.5% | 2020 | ▲ 10.9% | WB |
| Total Reserves incl. Gold (USD) | $497.4M | 2021 | ▲ 10.1% | WB |
| Official Exchange Rate (per USD) | 1 | 2024 | ▲ 0.0% | WB |
| PPP Conversion Factor | 0.96 | 2024 | ▲ 3.5% | WB |
| Broad Money (% of GDP) | 84.9% | 2021 | ▲ 9.9% | WB |
▶Trade9 indicators · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Trade (% of GDP) | 98.4% | 2024 | ▲ 0.6% | WB |
| Exports of Goods & Services (% of GDP) | 26.9% | 2024 | ▼ 2.5% | WB |
| Imports of Goods & Services (% of GDP) | 71.5% | 2024 | ▲ 1.8% | WB |
| Exports of Goods & Services (USD) | $127.0M | 2024 | ▲ 4.1% | WB |
| Imports of Goods & Services (USD) | $337.0M | 2024 | ▲ 8.7% | WB |
| Merchandise Exports (USD) | $185.0M | 2024 | ▲ 74.5% | WB |
| Merchandise Imports (USD) | $292.0M | 2024 | ▼ 3.0% | WB |
| Personal Remittances Received (USD) | $23.3M | 2024 | ▲ 0.0% | WB |
| Personal Remittances Received (% of GDP) | 5.0% | 2024 | ▼ 6.4% | WB |
▶External Debt2 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Net ODA Received (% of GNI) | 25.9% | 2023 | ▼ 21.0% | WB |
| Net ODA Received (USD) | $125.8M | 2023 | ▼ 17.4% | WB |
▶Finance3 indicators · 2021 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Domestic Credit to Private Sector (% of GDP) | 23.4% | 2021 | ▼ 3.1% | WB |
| Bank Capital to Assets Ratio (%) | 5.3% | 2021 | ▼ 4.4% | WB |
| Bank Nonperforming Loans (%) | 0.3% | 2021 | ▲ 107.9% | WB |
▶People23 indicators · 2023–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Population | 113,160 | 2024 | ▲ 0.5% | WB |
| Population Growth (%) | 0.5% | 2024 | ▲ 2.2% | WB |
| Population Density (per km²) | 161 | 2023 | ▲ 0.5% | WB |
| Surface Area (sq km) | 700 | 2023 | ▲ 0.0% | WB |
| Land Area (sq km) | 700 | 2023 | ▲ 0.0% | WB |
| Urban Population (%) | 22.5% | 2024 | ▲ 0.1% | WB |
| Urban Population (total) | 25,412 | 2024 | ▲ 0.6% | WB |
| Rural Population (%) | 77.5% | 2024 | ▼ 0.0% | WB |
| Life Expectancy at Birth | 67.2 years | 2023 | ▲ 0.4% | WB |
| Life Expectancy, Male | 63.5 years | 2023 | ▲ 0.2% | WB |
| Life Expectancy, Female | 71.1 years | 2023 | ▲ 0.5% | WB |
| Fertility Rate (births per woman) | 2.7 | 2023 | ▼ 1.3% | WB |
| Birth Rate (per 1,000) | 22.3 | 2023 | ▼ 0.9% | WB |
| Death Rate (per 1,000) | 7.6 | 2023 | ▲ 0.4% | WB |
| Net Migration | -1,125 | 2025 | ▼ 1.9% | WB |
| Population Ages 0–14 (%) | 31.8% | 2024 | ▼ 0.9% | WB |
| Population Ages 15–64 (%) | 62.2% | 2024 | ▲ 0.1% | WB |
| Population Ages 65+ (%) | 5.9% | 2024 | ▲ 3.8% | WB |
| Age Dependency Ratio (%) | 60.8% | 2024 | ▼ 0.3% | WB |
| Old-Age Dependency Ratio (%) | 9.6% | 2024 | ▲ 3.7% | WB |
| Youth Dependency Ratio (%) | 51.2% | 2024 | ▼ 1.0% | WB |
| Mortality Rate, Adult Male (per 1,000) | 309.8 | 2023 | ▼ 0.2% | WB |
| Mortality Rate, Adult Female (per 1,000) | 174 | 2023 | ▼ 3.2% | WB |
▶Labor1 indicator · 2014 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| NEET Youth (% not in education/employment) | 28.7% | 2014 | — | WB |
▶Education11 indicators · 2005–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Education Spending (% of GDP) | 11.6% | 2020 | ▲ 8.1% | WB |
| Education Spending (% of govt expenditure) | 18.6% | 2020 | ▲ 2.8% | WB |
| Primary School Enrollment (%) | 82.2% | 2024 | ▲ 0.0% | WB |
| Secondary School Enrollment (%) | 87.3% | 2005 | — | WB |
| Primary Completion Rate (%) | 78.9% | 2024 | ▼ 9.8% | WB |
| Lower Secondary Completion Rate (%) | 75.1% | 2024 | ▼ 3.3% | WB |
| Out-of-School Children, Primary | 3,301 | 2024 | ▼ 4.2% | WB |
| Out-of-School Girls, Primary | 1,500 | 2024 | ▼ 5.9% | WB |
| Primary School Teachers | 774 | 2023 | ▼ 4.6% | WB |
| Secondary School Teachers | 891 | 2021 | ▼ 8.5% | WB |
| Pupil-Teacher Ratio, Primary | 20 | 2015 | — | WB |
▶Health31 indicators · 2019–2024 · WHO
▶Energy & Environment14 indicators · 2020–2024 · WB / WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| CO₂ Emissions (tonnes per capita) | 0 | 2024 | ▼ 0.5% | WB |
| CO₂ Emissions (total kilotonnes) | 0 | 2024 | ▲ 0.0% | WB |
| Renewable Electricity Output (%) | 4.9% | 2021 | ▼ 20.1% | WB |
| Renewable Energy Consumption (%) | 2.0% | 2022 | ▼ 4.8% | WB |
| Access to Electricity (%) | 86.9% | 2023 | ▲ 1.9% | WB |
| Access to Clean Fuels for Cooking (%) | 13.3% | 2023 | ▲ 0.0% | WB |
| PM2.5 Air Pollution (µg/m³) | 12.1 | 2020 | ▼ 1.8% | WB |
| Forest Area (%) | 92.2% | 2023 | ▲ 0.0% | WB |
| Forest Area (sq km) | 645 | 2023 | ▲ 0.0% | WB |
| Arable Land (%) | 2.9% | 2023 | ▲ 0.0% | WB |
| Terrestrial Protected Areas (%) | 0.0% | 2024 | — | WB |
| Marine Protected Areas (%) | 0.0% | 2024 | — | WB |
| Access to Basic Drinking Water (%) | 89.9% | 2020 | ▲ 0.0% | WHO |
| Access to Basic Sanitation (%) | 90.5% | 2020 | ▲ 0.0% | WHO |
▶Agriculture9 indicators · 2022–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Agricultural Land (%) | 7.1% | 2023 | ▲ 0.0% | WB |
| Cereal Yield (kg per hectare) | 1,704 | 2023 | ▼ 0.5% | WB |
| Food Production Index (2014–2016=100) | 121.6 | 2022 | ▲ 2.1% | WB |
| Crop Production Index (2014–2016=100) | 125.7 | 2022 | ▲ 2.3% | WB |
| Livestock Production Index (2014–2016=100) | 104 | 2022 | ▲ 0.6% | WB |
| Land Under Cereal Production (hectares) | 170 | 2023 | ▲ 0.0% | WB |
| Total Fisheries Production (metric tonnes) | 162,662 | 2023 | ▼ 8.7% | WB |
| Fertilizer Consumption (kg per hectare) | 7.5 | 2023 | ▲ 66.7% | WB |
| Cereal Production (metric tons) | 289 | 2023 | ▼ 0.3% | WB |
▶Technology5 indicators · 2020–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Internet Users (%) | 39.4% | 2020 | ▲ 3.6% | WB |
| Mobile Subscriptions (per 100 people) | 20 | 2022 | ▲ 1.4% | WB |
| Fixed Broadband Subscriptions (per 100) | 5.8 | 2022 | ▲ 8.2% | WB |
| Secure Internet Servers (per million) | 194.4 | 2024 | ▲ 21.6% | WB |
| Scientific Journal Articles | 3 | 2022 | ▲ 51.3% | WB |
▶Infrastructure3 indicators · 2019–2021 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Container Port Traffic (TEU) | 25,234 | 2019 | ▼ 21.6% | WB |
| Electricity from Oil (%) | 95.1% | 2021 | ▲ 1.3% | WB |
| Electricity from Nuclear (%) | 0.0% | 2021 | — | WB |
▶Gender6 indicators · 2005–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Women in Parliament (%) | 15.4% | 2024 | ▲ 7.7% | WB |
| Girls Out-of-School Rate (%) | 97.5% | 2015 | — | WB |
| Adolescent Fertility Rate (per 1,000) | 43.7 | 2023 | ▼ 0.6% | WB |
| Gender Parity Index, Primary | 96.89 | 2015 | — | WB |
| Gender Parity Index, Secondary | 1.08 | 2005 | — | WB |
| Gender Parity in Primary Education | 1.00 | 2021 | ▲ 0.1% | WB |
▶Governance10 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Control of Corruption | 0.78 | 2023 | ▲ 62.2% | WB |
| Government Effectiveness | 0.23 | 2023 | ▼ 38.8% | WB |
| Political Stability | 1.08 | 2023 | ▼ 10.6% | WB |
| Regulatory Quality | -0.58 | 2023 | ▼ 3.4% | WB |
| Rule of Law | 0.64 | 2023 | ▼ 6.6% | WB |
| Voice & Accountability | 1.09 | 2023 | ▼ 3.5% | WB |
| Control of Corruption (percentile rank) | 78.3% | 2023 | ▲ 16.1% | WB |
| Government Effectiveness (percentile rank) | 59.4% | 2023 | ▼ 7.4% | WB |
| Rule of Law (percentile rank) | 72.2% | 2023 | ▼ 0.6% | WB |
| Political Stability (percentile rank) | 89.6% | 2023 | ▼ 5.1% | WB |
▶Military1 indicator · 2019 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Intentional Homicides (per 100,000) | 0.9 | 2019 | — | WB |
▶Social Protection4 indicators · 2020 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Human Capital Index (0–1) | 0.51 | 2020 | ▲ 8.5% | WB |
| Human Capital Index, Female | 0.53 | 2020 | ▲ 9.4% | WB |
| Human Capital Index, Male | 0.49 | 2020 | ▲ 8.7% | WB |
| Learning-Adjusted Years of School | 7.2 years | 2020 | ▲ 15.8% | WB |
▶Tourism1 indicator · 2019 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| International Tourism, Arrivals | 18,000 | 2019 | ▼ 6.3% | WB |
▶Urban Development2 indicators · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Urban Population Growth (%) | 0.6% | 2024 | ▲ 3.0% | WB |
| Rural Population Growth (%) | 0.4% | 2024 | ▲ 1.9% | WB |