Micronesia, Fed. Sts.: Adjusted net national income (current US$)

Key figures

What the numbers say

In 2021, Micronesia, Fed. Sts.'s adjusted net national income (current US$) fell 2% on 2020 (from US$426.3 million to US$417.57 million).

Across the 27 yearly changes before that (1994 to 2020), the average change was +2.8% and a typical year strayed about 4.2% from that (the standard deviation). This year's change was 1.2 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 11.5% in 2019 and the biggest yearly fall was 8.7% in 1997. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about US$13.65 million a year. A straight line explains 91% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about US$476.51 million for 2024. We show this only because the same method, fitted on earlier years, predicted 2019 to 2021 better than "no change" would have: its average miss was US$15.88 million, against US$37.77 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2021, Micronesia, Fed. Sts. had the 167th highest value of the 167 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Micronesia, Fed. Sts. in the 2021 ranking

• Dominica — 163rd of 167: US$472.05 million
• Tonga — 164th of 167: US$451.92 million
• São Tomé and Principe — 165th of 167: US$426.05 million
• Kiribati — 167th of 167: US$359.69 million

What this measures

Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Adjusted net national income differs from the adjustments made in the calculation of adjusted net savings, by not accounting for investments in human capital or the damages from pollution. Thus, adjusted net national income remains within the boundaries of the United Nations System of National Accounts (SNA). The SNA includes non-produced natural assets (such as land, mineral resources, and forests) within the asset boundary when they are under the effective control of institutional units. The calculation of adjusted net national income, which accounts for net forest, energy, and mineral depletion, as well as consumption of fixed capital, thus remains within the SNA boundaries.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 29 values

Adjusted net national income (current US$) in nearby economies

• Australia — US$1.17 trillion (2021)
• Brunei Darussalam — US$10.27 billion (2021)
• Cambodia — US$22.81 billion (2021)
• China — US$12.73 trillion (2021)
• Fiji — US$3.47 billion (2021)
• Indonesia — US$882.65 billion (2021)
• Japan — US$3.84 trillion (2021)
• Kiribati — US$359.69 million (2021)
• Korea, Rep. — US$1.45 trillion (2021)
• Lao PDR — US$13.7 billion (2021)

More economic policy & debt data for Micronesia, Fed. Sts.

• GDP (current US$) — US$501.8 million (2025)
• GDP (current LCU) — 501.8 million (2025)
• GDP (constant 2015 US$) — US$343.29 million (2025)
• GDP (constant LCU) — 261.87 million (2025)
• GDP per capita (current US$) — US$4,414 (2025)
• GDP per capita (current LCU) — 4,414 (2025)
• GDP per capita (constant 2015 US$) — US$3,020 (2025)
• GDP per capita (constant LCU) — 2,304 (2025)
• GNI (current US$) — US$553.7 million (2025)
• GNI (current LCU) — 553.7 million (2025)

Reading data like this

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Questions people ask

What is Micronesia, Fed. Sts.'s adjusted net national income (current US$)?

US$417.57 million in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is up 102.32% from US$206.39 million in 1993 (2.55% a year on average, compounded). The highest value was US$432.23 million in 2019 and the lowest US$195.85 million in 1997.

Source

World Bank, World Development Indicators, indicator NY.ADJ.NNTY.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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