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Economy of the Federated States of Micronesia

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Overview Economy Population Trade Government Finance Society Environment

GDP Composition by Industry

23.8% 15.4% 49.1%
  • Agriculture, forestry & fishing: 23.8%
  • Mining, manufacturing & utilities: 2.8%
  • Construction: 2.5%
  • Trade, restaurants & hotels: 15.4%
  • Transport & communication: 6.4%
  • Finance, real estate & other services: 49.1%
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Agriculture, forestry & fishing
23.8%
Mining, manufacturing & utilities
2.8%
Construction
2.5%
Trade, restaurants & hotels
15.4%
Transport & communication
6.4%
Finance, real estate & other services
49.1%

Share of total gross value added by industry.
Source: UN National Accounts, 2024.

GDP

GDP (USD) 521M #185 / 190 2026
GDP (Local currency - USD) 521M - 2026
Real GDP (Local currency - USD) 264M - 2026
PPP GDP (Int$) 478M #187 / 191 2026
GNI (USD) 509M #203 / 210 2024

GDP per Capita

GDP per Capita (USD) 5,514 #123 / 190 2026
GDP per Capita (Local currency - USD) 5,514 - 2026
Real GDP per Capita (Local currency - USD) 2,788 - 2026
PPP GDP per Capita (Int$) 5,052 #160 / 191 2026
GNI per Capita (USD) 4,496 #139 / 210 2024

Economic Growth

GDP Growth 0.7% #175 / 191 2026

Prices and Inflation

Inflation Rate 3.2% #104 / 191 2026

Labor Market

Unemployment Rate No data - -

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