Micronesia, Fed. Sts.: Export volume index (2015 = 100)

Key figures

What the numbers say

In 2024, Micronesia, Fed. Sts.'s export volume index (2015 = 100) rose 152.5 on 2023 (from 197.5 to 350).

Across the 18 yearly changes before that (2006 to 2023), the average change was +8.15 and a typical year strayed about 58.98 from that (the standard deviation). This year's change was 2.4 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 198.9 in 2020 and the biggest yearly fall was 55.5 in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 23.54 a year. A straight line explains 62% 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.

How it compares

In 2024, Micronesia, Fed. Sts. had the 4th highest value of the 203 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 2024 ranking

• Djibouti — 1st of 203: 3,329
• Guyana — 2nd of 203: 945.1
• Armenia — 3rd of 203: 574.4
• Naoero — 5th of 203: 345.5
• Guinea — 6th of 203: 332.2
• Rwanda — 7th of 203: 299.1

What this measures

Export volume indexes are derived from UNCTAD's volume index series and are the ratio of the export value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.

All 20 values

Export volume index (2015 = 100) in nearby economies

• American Samoa — 62 (2024)
• Australia — 104.3 (2024)
• Brunei Darussalam — 121.3 (2024)
• Cambodia — 268.5 (2024)
• China — 158.9 (2024)
• Fiji — 101.6 (2024)
• French Polynesia — 125.3 (2024)
• Guam — 111.3 (2024)
• Hong Kong SAR, China — 97.5 (2024)
• Indonesia — 124.6 (2024)
• Japan — 112.6 (2024)

More trade data for Micronesia, Fed. Sts.

• Import volume index (2015 = 100) — 139.5 (2024)
• Import value index (2015 = 100) — 187.1 (2024)
• Net barter terms of trade index (2015 = 100) — 100.1 (2024)
• Export value index (2015 = 100) — 470 (2024)

Every indicator for Micronesia, Fed. Sts. is on the Micronesia, Fed. Sts. data page.

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Questions people ask

What is Micronesia, Fed. Sts.'s export volume index (2015 = 100)?

350 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 588.98% from 50.8 in 2005 (10.69% a year on average, compounded). The highest value was 350 in 2024 and the lowest 50.8 in 2005.

How does Micronesia, Fed. Sts. rank?

4th highest of 203 economies with data for 2024.

Is the latest change in export volume index (2015 = 100) unusual for Micronesia, Fed. Sts.?

In 2024, Micronesia, Fed. Sts.'s export volume index (2015 = 100) rose 152.5 on 2023 (from 197.5 to 350). Across the 18 yearly changes before that (2006 to 2023), the average change was +8.15 and a typical year strayed about 58.98 from that (the standard deviation). This year's change was 2.4 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator TX.QTY.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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