Micronesia, Federated States of
Description of Micronesia, Federated States of
Welcome to our website dedicated to exploring the geopolitical and macroeconomic landscape of the Micronesia, Federated States of. In this unique corner of the Pacific, the intersection of history, culture, and economics shapes the country's development path and its relationships with neighboring nations. Through an in-depth analysis of macroeconomic statistics and key indicators, we aim to provide valuable insights into the opportunities and challenges faced by Micronesia, shedding light on its position in the global arena.
Population And Age Structure
Population, total: Micronesia, Federated States of has a total population of 112,106, which is significantly below the average total population of 40,097,746. Micronesia, Federated States of is ranked 178 out of 194 countries for this attribute.
Population ages 0-14 (% of total population): With 31.16% of the population aged 0-14, Micronesia, Federated States of exceeds the average percentage of 27.34%. The country ranks 70 out of 194 countries in this category.
Population ages 0-14, total: Micronesia, Federated States of has a total of 34,927 individuals aged 0-14, which is considerably below the average of 10,327,380. The country ranks 177 out of 194 countries for this attribute.
Population ages 15-64 (% of total population): The percentage of population ages 15-64 in Micronesia, Federated States of is 63.29%, slightly below the average of 63.44%. The country ranks 122 out of 194 countries in this regard.
Population ages 15-64, total: Micronesia, Federated States of has a total of 70,947 individuals aged 15-64, significantly lower than the average of 26,003,407. The country ranks 179 out of 194 countries for this attribute.
Population ages 65 and above (% of total population): With 5.56% of its population aged 65 and above, Micronesia, Federated States of falls below the average of 9.22%. The country is ranked 110 out of 194 countries for this metric.
Population ages 65 and above, total: The total number of individuals aged 65 and above in Micronesia, Federated States of is 6,232, which is noticeably lower than the average of 3,766,959. The country ranks 187 out of 194 countries in this category.
Summary
Micronesia, Federated States of has a relatively small total population compared to the global average, with a higher percentage of individuals aged 0-14 and a lower percentage of those aged 65 and above. This demographic distribution indicates a youthful population with potential for future growth and development, but also highlights potential challenges in providing for an aging population in the long term.
Population Miscellaneous
Rural population in Micronesia, Federated States of is 86,397, which is significantly below the attribute average of 18,044,041. Micronesia, Federated States of ranks 169 out of 190 countries in this category.
Rural population (% of total population) in Micronesia, Federated States of is 77.067%, notably higher than the attribute average of 41.158%. The country ranks 13 out of 190 countries in this aspect.
Urban population in Micronesia, Federated States of is 25,709, which is far below the attribute average of 22,425,747. Micronesia, Federated States of ranks 188 out of 194 countries in urban population.
Urban population (% of total population) in Micronesia, Federated States of is 22.933%, substantially lower than the attribute average of 59.691%. The country ranks 182 out of 194 countries in this metric.
The Age dependency ratio (% of working-age population) in Micronesia, Federated States of is 58.01%, slightly below the attribute average of 59.22%. The country ranks 73 out of 194 countries.
Birth rate, crude (per 1,000 people) in Micronesia, Federated States of is 20.837, higher than the attribute average of 19.384. Micronesia, Federated States of ranks 75 out of 192 countries in this indicator.
Death rate, crude (per 1,000 people) in Micronesia, Federated States of is 6.065, lower than the attribute average of 8.214. The country ranks 152 out of 192 countries in this aspect.
The Fertility rate, total (births per woman) in Micronesia, Federated States of is 2.754, slightly above the attribute average of 2.603. Micronesia, Federated States of ranks 71 out of 190 countries in this category.
Summary
Micronesia, Federated States of has a significantly higher rural population percentage compared to the global average, indicating a predominantly rural population. However, the country has a lower urban population percentage and a slightly below-average age dependency ratio. Despite having a higher crude birth rate, Micronesia, Federated States of has a lower crude death rate compared to the global average.
These indicators are crucial as they provide insights into the demographic structure of the country, its urbanization level, and the balance between demographic factors such as birth and death rates. Understanding these metrics can help policymakers make informed decisions regarding healthcare, infrastructure development, and social welfare programs to cater to the specific needs of the population.
Natural Resources
1. Forest area (sq. km): Micronesia, Federated States of has a forest area of 644.2 sq. km, significantly below the average of 211606.11 sq. km. This ranks Micronesia at 159 out of 191 countries with available data.
2. Land area (sq. km): With a land area of 700 sq. km, Micronesia is well below the average of 665166.51 sq. km. This places Micronesia at 176 out of 194 countries.
3. Surface area (sq. km): Micronesia's surface area matches its land area at 700 sq. km, which is notably lower than the average of 689779.56 sq. km. In terms of rank, Micronesia is placed at 176 out of 194 countries.
4. Arable land (hectares): Micronesia possesses 2000 hectares of arable land, significantly less than the average of 7329543.16 hectares. This places Micronesia at 181 out of 190 countries considered.
5. Land under cereal production (hectares): Micronesia has 166 hectares of land under cereal production, well below the average of 4206011.63 hectares. This ranks Micronesia at 166 out of 174 countries in this category.
Summary
Overall, Micronesia, Federated States of has relatively small areas of forest, land, surface area, arable land, and land under cereal production compared to global averages. These statistics highlight the limited natural resources available for agriculture and other related industries in Micronesia. This could impact the country's food security, economic development, and environmental sustainability, necessitating strategic planning and potential resource management partnerships with other nations.
Resource Rents
1. Total natural resources rents (% of GDP): Micronesia, Federated States of has a value of 0.0201, which is significantly below the average of 4.6300. This places Micronesia at rank 163 out of 175 countries included in the data for this attribute.
2. Forest rents (% of GDP): Micronesia, Federated States of also has a value of 0.0201 for this attribute, notably lower than the average of 1.5258. This places Micronesia at rank 141 out of 174 countries included in the data for forest rents.
Summary
With total natural resources rents and forest rents both significantly below the global averages, Micronesia, Federated States of demonstrates a limited utilization of its natural resources for economic gain compared to other countries. This indicates potential untapped economic opportunities within the country's resource sector that could be further developed to drive economic growth and diversification.
Commodities
Regarding Cereal production in Micronesia, Federated States of, the country's value of 284.59 metric tons is significantly below the average of 17,249,945.93 metric tons, ranking 169th out of 174 countries.
For Capture fisheries production, Micronesia's value of 193,747.86 metric tons is below the average of 467,453.06 metric tons, positioning the country at 60th out of 190 countries.
In terms of Total fisheries production, Micronesia's value matches its Capture fisheries production at 193,747.86 metric tons, significantly lower than the average of 1,153,914.85 metric tons, ranking it 63rd out of 182 countries.
As for Fertilizer consumption per hectare of arable land, Micronesia's value of 0.76 kilograms is notably lower than the average of 159.04 kilograms, placing the country at 180th out of 187 countries.
Summary
Micronesia, Federated States of, exhibits low levels of production in cereal and fisheries compared to global averages, positioning it below average in these sectors. Particularly striking is the country's minimal fertilizer consumption per hectare of arable land, ranking it among the lowest globally. These findings underscore the challenges Micronesia faces in achieving agricultural and fisheries sustainability, highlighting the need for improved productivity and resource management strategies to enhance food security and economic stability.
Intellectual Property
When examining the attribute of Scientific and technical journal articles, Micronesia, Federated States of has a value of 7.57, significantly lower than the attribute average of 15103.76. This places Micronesia at a rank of 180 out of 192 countries included in the data.
Summary
Scientific and technical journal articles in Micronesia, Federated States of are notably low compared to the global average, with a value of 7.57, positioning the country at 180th out of 192 nations studied. This indicates a potential lack of emphasis on research and innovation, which are crucial for technological advancement and economic growth in the modern knowledge-based economy.
Broad Economy Attributes
GDP (current US$): Micronesia, Federated States of has a GDP of $408,000,000, below the average GDP of $442,870,224,838.68. It ranks 184 out of 189 countries in the dataset.
GDP, PPP (current international $): The country's GDP, PPP is $404,939,409.44, significantly lower than the average of $734,141,122,350.78. It ranks 176 out of 181 countries.
GDP per capita (current US$): With a GDP per capita of $3,639.41, Micronesia, Federated States of falls below the average of $15,462.11. It ranks 120 out of 190 countries.
GDP per capita, PPP (current international $): The GDP per capita, PPP for the country is $3,612.11, much lower than the average of $21,251.89. It ranks 149 out of 181 countries.
GNI (current US$): The country's GNI is $454,400,000, slightly below the average of $452,040,815,370.70. It ranks 180 out of 185 countries.
GNI, PPP (current international $): Micronesia's GNI, PPP is $450,991,342.28, considerably lower than the average of $730,698,223,823.47. It ranks 177 out of 181 countries.
GNI per capita, PPP (current international $): With a GNI per capita, PPP of $4,020, the country is below the average of $20,615.75. It ranks 144 out of 181 countries.
Summary
Micronesia, Federated States of exhibits comparatively low values across key macroeconomic indicators such as GDP, GDP per capita, and GNI, both in absolute terms and in comparison to global averages. These statistics highlight the country's current economic standing and underscore potential challenges in achieving sustainable economic growth and development.
Broad Value Added
1. Gross value added at basic prices (GVA) (current US$): Micronesia, Federated States of has a GVA of $377,406,628.21, which is significantly below the average GVA of $360,070,943,595.12. Micronesia ranks 173 out of 176 countries in this attribute.
2. Agriculture, forestry, and fishing, value added (% of GDP): Micronesia's value of 22.10% is notably higher than the average of 10.86%. The country ranks 30 out of 182 countries in this category.
3. Agriculture, forestry, and fishing, value added (current US$): Micronesia has a value of $90,174,664.89, far below the average of $19,924,732,828.07. Micronesia ranks 166 out of 182 countries in this attribute.
4. Services, value added (% of GDP): Micronesia's value of 67.13% is above the average of 56.72%. The country ranks 35 out of 183 countries in this category.
5. Services, value added (current US$): Micronesia's value of $273,909,369.45 is significantly lower than the average of $295,837,711,130.69. Micronesia ranks 179 out of 183 countries in this attribute.
6. Industry (including construction), value added (current US$): Micronesia's value of $19,932,216.14 is well below the average of $118,421,095,413.50. Micronesia ranks 182 out of 183 countries in this category.
Summary
Micronesia, Federated States of has a significantly low Gross Value Added at basic prices (GVA) compared to the global average, ranking 173 out of 176 countries. However, the country performs relatively well in Agriculture, forestry, and fishing sectors, ranking 30th in value added as a percentage of GDP. These statistics are crucial as they indicate Micronesia's reliance on agriculture and the challenges faced in developing its industrial and service sectors to boost economic growth and competitiveness on a global scale.
Manufacturing Value Added
For Manufacturing, value added (current US$), Micronesia, Federated States of has a value of 2020223.67, which is significantly below the average of 76207179589.66. The country ranks 173 out of 173 countries in this attribute.
Regarding Manufacturing, value added (% of GDP), Micronesia, Federated States of contributes 0.49% of its GDP to manufacturing value added, well below the average of 11.90%. The country also ranks 173 out of 173 countries in this aspect.
Summary
Micronesia, Federated States of has a significantly low Manufacturing, value added (current US$) of 2020223.67, ranking last among 173 countries analyzed. Additionally, its Manufacturing, value added (% of GDP) is merely 0.49%, placing it at the bottom position for this indicator as well. These findings suggest that the manufacturing sector in Micronesia is underdeveloped and contributes minimally to the country's overall economic output, highlighting potential areas for growth and development.
Money
1. Inflation, consumer prices (annual %): Micronesia, Federated States of has a low inflation rate of 0.55%, significantly lower than the average of 8.26%. This places Micronesia at the 121st rank out of 165 countries in the dataset.
2. Inflation, GDP deflator (annual %): The country's inflation measured by the GDP deflator is 0.87%, below the average of 6.90%. Micronesia ranks 126th out of 188 countries.
3. Broad money growth (annual %): With a growth rate of 15.63%, Micronesia's broad money growth is slightly lower than the average of 18.03%. The country ranks 57th out of 139 countries.
4. Broad money (% of GDP): Micronesia's broad money as a percentage of GDP is 70.58%, slightly below the average of 71.75%. This places the country at the 60th rank out of 139 countries.
5. Broad money to total reserves ratio: The ratio in Micronesia is 0.64, well below the average of 5.17, indicating a conservative approach. Micronesia ranks 125th out of 126 countries in this aspect.
Summary
Micronesia, Federated States of demonstrates a stable macroeconomic environment with low inflation rates both for consumers and GDP. The country also maintains healthy levels of broad money growth and broad money as a percentage of GDP, although it holds a conservative stance in terms of broad money to total reserves ratio. These indicators are important as they reflect the country's economic stability, monetary policy effectiveness, and financial risk management.
Broad Trade Attributes
Trade (% of GDP): Micronesia, Federated States of has a Trade (% of GDP) value of 91.42%, which is above the average of 82.34%. This places Micronesia at rank 44 out of 163 countries.
Merchandise trade (% of GDP): With a value of 63.24%, Micronesia, Federated States of is slightly above the average of 60.01%. The country holds the 57th position out of 186 countries.
External balance on goods and services (current US$): Micronesia, Federated States of has an external balance of goods and services of -$175,000,000, significantly below the average of $3,405,509,011.13. This places Micronesia at rank 74 out of 163 countries.
External balance on goods and services (% of GDP): Micronesia, Federated States of shows an external balance of goods and services equal to -42.89% of GDP, while the average is -5.97%. This places Micronesia at rank 158 out of 163 countries.
Summary
Micronesia, Federated States of has a high Trade (% of GDP) at 91.42%, ranking 44th out of 163 countries. The country also maintains a strong Merchandise trade (% of GDP) at 63.24%, positioning it at 57th out of 186 countries. However, Micronesia faces a significant deficit in the External balance on goods and services at -$175,000,000, placing it at 74th position. Furthermore, its External balance on goods and services (% of GDP) is at -42.89%, ranking it 158th out of 163 countries.
These indicators are crucial as they provide insights into Micronesia's dependence on international trade, the health of its merchandise trade, and the challenges it faces in achieving a balanced external position. The wide gap in the External balance on goods and services compared to the average suggests potential vulnerabilities in Micronesia's economy that may require policy interventions to foster sustainable economic growth.
Broad Export Attributes
Micronesia, Federated States of has an Export of goods and services (current US$) valued at 99,000,000. This is significantly below the average of 129,596,864,610.19212 for 163 countries, placing Micronesia at position 159 out of 163 countries in terms of this attribute.
The country's Exports of goods and services (% of GDP) is 24.26%, which is below the average of 38.19%. Micronesia ranks 107 out of 163 countries in this aspect.
Summary
Micronesia, Federated States of, has a comparatively low export value of goods and services at $99,000,000, ranking 159th out of 163 countries. Additionally, its exports as a percentage of GDP, at 24.26%, are below the average of 38.19%, placing Micronesia at 107th position globally. These indicators suggest that Micronesia's economy is heavily dependent on domestic consumption and may benefit from diversifying its export markets to drive economic growth and stability.
Merchandise Exports
Regarding Merchandise exports (current US$), Micronesia, Federated States of, with a value of 52,000,000, is significantly below the attribute average of 89,542,711,229.95. It is ranked 176 out of 187 countries in terms of focus country rank, out of a total of 187 countries in the dataset for this attribute.
For Merchandise exports by the reporting economy, residual (% of total merchandise exports), Micronesia, Federated States of, with a value of 0.000003, is notably lower than the attribute average of 3.20. It holds a rank of 165 out of 166 countries in this dataset.
Summary
Micronesia, Federated States of has a very low value in both Merchandise exports (current US$) and Merchandise exports by the reporting economy, residual (% of total merchandise exports), ranking significantly below the attribute averages and other countries in the dataset. This indicates that Micronesia's economy is heavily reliant on imports and is struggling to compete in the global market, which could hinder its economic growth and development.
Broad Import Attributes
For the "Imports of goods and services (current US$)" attribute, Micronesia, Federated States of has a value of 274,000,000 which is significantly below the average of 126,191,355,599.06. This places Micronesia at a rank of 160 out of 163 countries in the dataset.
Regarding "Imports of goods and services (% of GDP)", Micronesia, Federated States of has a value of 67.16%, which is above the average of 44.15%. This places Micronesia at a respectable rank of 26 out of 163 countries in the dataset.
Summary
Micronesia, Federated States of has a relatively low value for "Imports of goods and services (current US$)" compared to the average, ranking at 160 out of 163 countries. However, the country's "Imports of goods and services (% of GDP)" value is above the average, placing it at a respectable rank of 26. These findings suggest that while Micronesia may not be importing as much in absolute terms as other countries, the imports still represent a significant portion of its GDP, indicating a heavy reliance on foreign goods and services for economic activity.
Merchandise Imports
Micronesia, Federated States of has a merchandise imports of $206,000,000 which is significantly below the average of $89,385,605,263. The country ranks 185 out of 190 countries in this attribute data.
In terms of merchandise imports by the reporting economy, residual (% of total merchandise imports), Micronesia, Federated States of has a value of 25.41%, much higher than the average of 2.51%. This places the country at a high rank of 3 out of 180 countries in the dataset.
Summary
Micronesia, Federated States of has significantly lower merchandise imports compared to the global average, ranking 185 out of 190 countries. However, it has a high proportion of residual imports as a percentage of total merchandise imports, ranking 3 out of 180 countries. These indicators suggest that while Micronesia may struggle with overall import volumes, it is efficient in utilizing residual imports, which could signify a unique economic strategy focusing on specific types of imports or industries.
Information Technology Infrastructure
For the attribute of Secure Internet servers, Micronesia, Federated States of has 21 servers, significantly below the average of 458,294. Micronesia, Federated States of ranks 182 out of 193 countries in this data set.
When it comes to Secure Internet servers per 1 million people, Micronesia, Federated States of has 187.32 servers, below the average of 14,067. Micronesia, Federated States of ranks 123 out of 193 countries in this metric.
Regarding Individuals using the Internet (% of population), Micronesia, Federated States of has 40.13% of its population online, below the average of 64.77%. Micronesia, Federated States of ranks 142 out of 180 countries in this category.
For Fixed broadband subscriptions, Micronesia, Federated States of has 6,000 subscriptions, significantly below the average of 6,591,956. Micronesia, Federated States of ranks 167 out of 185 countries in this dataset.
In terms of Mobile cellular subscriptions, Micronesia, Federated States of has 22,000 subscriptions, notably lower than the average of 42,526,463. Micronesia, Federated States of ranks 190 out of 193 countries in this attribute.
Summary
Micronesia, Federated States of lags significantly behind global averages in key internet and technology indicators. With a low number of secure internet servers, internet users, and mobile cellular subscriptions, Micronesia faces challenges in terms of technological infrastructure and connectivity. These indicators are crucial as they reflect the country's access to modern communication tools, which are vital for economic development, education, and global competitiveness.
Energy Consumption
Regarding Renewable energy consumption, Micronesia, Federated States of, has a value of 2.03%, significantly below the average of 32.18%. This places Micronesia at rank 167 out of 191 countries included in the data.
On the other hand, in terms of CO2 emissions, Micronesia, Federated States of, emitted 107.5 kt. This is notably below the average CO2 emissions of 171895.94 kt. Micronesia ranks 185 out of 188 countries in this aspect.
Summary
Micronesia, Federated States of, stands out for its significantly low renewable energy consumption at 2.03%, ranking 167 out of 191 countries analyzed. Additionally, its minimal CO2 emissions of 107.5 kt position Micronesia at 185 out of 188 countries. These statistics are crucial as they indicate Micronesia's current environmental sustainability practices and its contribution to global efforts in combating climate change.
Government Balance Sheet
1. Net acquisition of financial assets (% of GDP): Micronesia, Federated States of has a value of 7.70%, which is significantly higher than the average of 2.45%. This places Micronesia at rank 8 out of 87 countries in the dataset.
2. Central government debt, total (% of GDP): With a value of 25.40%, Micronesia's total debt is below the average of 74.12%. The country ranks 53 out of 61 countries in the dataset for this attribute.
3. Net incurrence of liabilities, total (% of GDP): Micronesia has a value of 1.37%, below the average of 7.43%. This places the country at rank 84 out of 92 countries in the dataset.
4. Total reserves minus gold (current US$): Micronesia's total reserves minus gold amount to 451,912,609.04 USD, a substantial difference from the average of 74,221,587,171.61 USD. Micronesia ranks 143 out of 161 countries in this dataset.
5. Total reserves (includes gold, current US$): Similarly, Micronesia's total reserves including gold is 451,912,609.04 USD, significantly lower than the average of 85,708,019,773.47 USD. This places Micronesia at rank 144 out of 161 countries in the dataset.
Summary
Micronesia, Federated States of demonstrates a strong performance in terms of net acquisition of financial assets, ranking 8th out of 87 countries with a value of 7.70% of GDP. However, the country faces challenges in managing its debt levels, ranking 53rd out of 61 countries with a total debt of 25.40% of GDP. Micronesia's low ranking in net incurrence of liabilities and total reserves underscores the importance of prudent fiscal management to ensure sustainability and economic stability.
Government Revenue
1. Revenue, excluding grants (% of GDP): Micronesia, Federated States of has a value of 27.15% which is slightly above the average of 27.02%. The country ranks 57 out of 122 countries in this attribute data.
2. Grants and other revenue (% of revenue): The country excels in this attribute with a value of 80.97%, significantly higher than the average of 23.54%. Micronesia, Federated States of ranks 1 out of 108 countries in this data.
3. Taxes on goods and services (% of revenue): Micronesia, Federated States of performs below the average in this category, with a value of 3.40% compared to the average of 31.82%. The country ranks 120 out of 122 countries in this data.
4. Taxes on international trade (% of revenue): The country's value of 4.50% is below the average of 6.24% in this attribute. Micronesia, Federated States of ranks 44 out of 101 countries included in the data.
5. Other taxes (% of revenue): With a value of 0.19%, Micronesia, Federated States of is below the average of 2.12% in this category. The country ranks 82 out of 106 countries in this data.
6. Taxes on income, profits and capital gains (% of revenue): The country's value of 10.94% is below the average of 24.66% in this attribute. Micronesia, Federated States of ranks 106 out of 119 countries included in this data.
Summary
Micronesia, Federated States of has a relatively high revenue, excluding grants (% of GDP) and grants and other revenue (% of revenue), ranking well above the global average in both categories. However, the country falls below average in taxes on goods and services, international trade, other taxes, and income, profits, and capital gains. This indicates a heavy reliance on grants and other revenue sources, highlighting potential vulnerabilities in the country's fiscal sustainability and emphasizing the importance of diversifying revenue streams to ensure long-term economic stability.
Taxes
- Tax revenue (% of GDP): With a value of 6.43%, Micronesia, Federated States of's tax revenue is
significantly below the average of 16.72%. The country is ranked 120 out of 123 countries in this dataset.
- Customs and other import duties (% of tax revenue): Micronesia, Federated States of has a value of
23.63%, which is well above the average of 9.01%. This places the country at rank 7 out of 99 countries
for this attribute.
- Taxes on income, profits and capital gains (% of total taxes): At 57.47%, Micronesia, Federated States
of's taxation on income, profits, and capital gains is notably higher than the average of 38.40%. The
country is ranked 11 out of 120 countries in this category.
Summary
Micronesia, Federated States of has a relatively low tax revenue as a percentage of its GDP, ranking 120 out of 123 countries. However, it relies heavily on customs and import duties compared to other countries, with a percentage well above the average. Additionally, the country places significant taxation on income, profits, and capital gains, ranking 11 out of 120 countries for this indicator. These findings are crucial as they indicate potential challenges in generating revenue domestically and highlight the reliance on import-related income. The high taxation on income also suggests a significant burden on businesses and individuals in the country.
Government Expenses
Expense (% of GDP): Micronesia, Federated States of allocates 21.41% of its GDP towards expenses, which is below the average of 31.69%. This places Micronesia at rank 91 out of 123 countries.
Compensation of employees (% of expense): Micronesia dedicates 26.18% of its expenses to employee compensation, slightly above the average of 24.70%. This places Micronesia at rank 53 out of 123 countries.
Goods and services expense (% of expense): Micronesia allocates a significant 32.92% of its expenses to goods and services, much higher than the average of 14.77%. This places Micronesia at an impressive rank 10 out of 122 countries.
Interest payments (% of expense): Micronesia spends only 0.60% of its expenses on interest payments, well below the average of 6.85%. This places Micronesia at rank 114 out of 121 countries.
Other expense (% of expense): Micronesia allocates a substantial 32.57% of its expenses to other categories, significantly higher than the average of 8.29%. This places Micronesia at an exceptional rank 2 out of 120 countries.
Subsidies and other transfers (% of expense): Micronesia allocates 7.73% of its expenses to subsidies and transfers, much lower than the average of 43.29%. This places Micronesia at rank 118 out of 121 countries.
Summary
Micronesia, Federated States of demonstrates prudent financial management by allocating a lower percentage of its GDP towards expenses compared to the global average. The country's significant allocation towards goods and services expenses, above-average compensation for employees, and minimal spending on interest payments indicate a focus on domestic infrastructure and human capital development. However, the low expenditure on subsidies and transfers may suggest limited social welfare programs in place.
Top Stats
Ranks in Top Decile For:
| Attribute | Rank/Total |
|---|---|
| Rural population (% of total population) | 13/190 |
| Merchandise imports by the reporting economy, residual (% of total merchandise imports) | 3/180 |
| Net acquisition of financial assets (% of GDP) | 8/87 |
| Grants and other revenue (% of revenue) | 1/108 |
| Customs and other import duties (% of tax revenue) | 7/99 |
| Taxes on income, profits and capital gains (% of total taxes) | 11/120 |
| Goods and services expense (% of expense) | 10/122 |
| Other expense (% of expense) | 2/120 |
Ranks in Bottom Decile For:
| Attribute | Rank/Total |
|---|---|
| Population, total | 178/194 |
| Population ages 0-14, total | 177/194 |
| Population ages 15-64, total | 179/194 |
| Population ages 65 and above, total | 187/194 |
| Urban population | 188/194 |
| Urban population (% of total population) | 182/194 |
| Land area (sq. km) | 176/194 |
| Surface area (sq. km) | 176/194 |
| Arable land (hectares) | 181/190 |
| Land under cereal production (hectares) | 166/174 |
| Total natural resources rents (% of GDP) | 163/175 |
| Cereal production (metric tons) | 169/174 |
| Fertilizer consumption (kilograms per hectare of arable land) | 180/187 |
| Scientific and technical journal articles | 180/192 |
| GDP (current US$) | 184/189 |
| GDP, PPP (current international $) | 176/181 |
| GNI (current US$) | 180/185 |
| GNI, PPP (current international $) | 177/181 |
| Gross value added at basic prices (GVA) (current US$) | 173/176 |
| Agriculture, forestry, and fishing, value added (current US$) | 166/182 |
| Services, value added (current US$) | 179/183 |
| Industry (including construction), value added (current US$) | 182/183 |
| Manufacturing, value added (current US$) | 173/173 |
| Manufacturing, value added (% of GDP) | 173/173 |
| Broad money to total reserves ratio | 125/126 |
| External balance on goods and services (% of GDP) | 158/163 |
| Exports of goods and services (current US$) | 159/163 |
| Merchandise exports (current US$) | 176/187 |
| Merchandise exports by the reporting economy, residual (% of total merchandise exports) | 165/166 |
| Imports of goods and services (current US$) | 160/163 |
| Merchandise imports (current US$) | 185/190 |
| Secure Internet servers | 182/193 |
| Fixed broadband subscriptions | 167/185 |
| Mobile cellular subscriptions | 190/193 |
| CO2 emissions (kt) | 185/188 |
| Net incurrence of liabilities, total (% of GDP) | 84/92 |
| Taxes on goods and services (% of revenue) | 120/122 |
| Tax revenue (% of GDP) | 120/123 |
| Interest payments (% of expense) | 114/121 |
| Subsidies and other transfers (% of expense) | 118/121 |