Micronesia, Fed. Sts.: PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $)

Key figures

What the numbers say

In 2022, Micronesia, Fed. Sts.'s PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) fell 0.02 on 2021 (from 0.95 to 0.93).

Across the 22 yearly changes before that (2000 to 2021), the average change was +0.00182 and a typical year strayed about 0.02 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 0.06 in 2009 and the biggest yearly fall was 0.02 in 2016. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is downward, about 0.01 a year. A straight line explains 96% 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.

Closest to Micronesia, Fed. Sts. in the 2022 ranking

• Sudan — 1st of 3: 224.28
• Kosovo — 3rd of 3: 0.39

What this measures

The purchasing power parity (PPP) conversion factor is a currency conversion factor and a spatial price deflator. They convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of gross domestic product (GDP) and its expenditure components. This conversion factor is for households and NPISHs Final consumption expenditure and the base currency is the US dollar.

Limitations: Global PPP estimates provided by ICP are produced by the ICP Global Office and regional implementing agencies, based on data supplied by the national implementing agencies in the participating economies, and in accordance with the methodology recommended by the ICP Technical Advisory Group and approved by the ICP Governing Board. As such, these results are not produced by participating economies as part of their national official statistics.

Regional and income-group figures are computed by the World Bank as a no aggregation provided for this indicator..

All 24 values

PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) in nearby economies

• American Samoa — 0.9 (2021)
• Australia — 1.46 (2025)
• Brunei Darussalam — 0.53 (2025)
• Cambodia — 1,473 (2025)
• China — 3.46 (2025)
• Fiji — 0.89 (2025)
• French Polynesia — 101.87 (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)

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Questions people ask

What is Micronesia, Fed. Sts.'s PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $)?

0.93 in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1999?

It is up 1.9% from 0.91 in 1999 (0.08% a year on average, compounded). The highest value was 1.03 in 2013 and the lowest 0.84 in 2004.

Is the latest change in PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) unusual for Micronesia, Fed. Sts.?

In 2022, Micronesia, Fed. Sts.'s PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) fell 0.02 on 2021 (from 0.95 to 0.93). Across the 22 yearly changes before that (2000 to 2021), the average change was +0.00182 and a typical year strayed about 0.02 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.

Source

World Bank, World Development Indicators, indicator PA.NUS.PRVT.PP, licensed CC BY 4.0. Original source: International Comparison Program (ICP), World Bank (WB), uri: https://www.worldbank.org/en/programs/icp/data, publisher: International Comparison Program, type: International statistical program, date accessed: May 30, 2024, date published: May 30, 2024; The Eurostat PPP Programme, Eurostat (ESTAT),… 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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