Gross domestic product (GDP) growth rate in Micronesia 2027

While the growth of the real gross domestic product of Micronesia was forecast to increase long-term between 2022 and 2027 by in total 1.2 percentage points, it is estimated to decrease in the years 2024, 2025, 2026 and 2027. The growth is estimated to amount to 0.6 percent in 2027. While the growth was forecast to increase significant in the next years, the increase will slow down in the future.

Following the definition of the International Monetary Fund, this indicator refers to the annual change in the gross domestic product at current prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.
Find more key insights for the growth of the real gross domestic product in countries like Australia, Solomon Islands and Papua New Guinea.