Micronesia, Fed. Sts.: Revenue, excluding grants (current LCU)

Key figures

What the numbers say

In 2020, Micronesia, Fed. Sts.'s revenue, excluding grants (current LCU) fell 29.9% on 2019 (from 158.06 million to 110.77 million).

Across the 11 yearly changes before that (2009 to 2019), the average change was +17% and a typical year strayed about 24.2% from that (the standard deviation). This year's change was 1.9 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 62.3% in 2014 and the biggest yearly fall was 29.9% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 the straight-line trend is upward, about 12.85 million a year. A straight line explains 72% 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 2020, Micronesia, Fed. Sts. had the 8th highest value of the 10 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 2020 ranking

• Bhutan — 5th of 10: 36.47 billion
• Bahrain — 6th of 10: 2.08 billion
• St. Kitts and Nevis — 7th of 10: 679.2 million
• Marshall Islands — 9th of 10: 75.63 million
• Palau — 10th of 10: 62.72 million

What this measures

Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 13 values

Revenue, excluding grants (current LCU) in nearby economies

• Australia — 610.66 billion (2022)
• Cambodia — 23.95 trillion (2023)
• China — 20.13 trillion (2024)
• Fiji — 3.6 billion (2024)
• Kiribati — 352.2 million (2023)
• Korea, Rep. — 658.88 trillion (2024)
• Lao PDR — 30.21 trillion (2022)
• Macao SAR, China — 126.38 billion (2024)
• Malaysia — 324.62 billion (2024)
• Marshall Islands — 75.63 million (2020)

More public sector data for Micronesia, Fed. Sts.

• Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 20 (2024)
• Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100) — 54.85 (2024)
• Primary government expenditures as a proportion of original approved budget (%) — 111.52% (2021)
• CPIA business regulatory environment rating (1=low to 6=high) — 2 (2025)
• CPIA debt policy rating (1=low to 6=high) — 3 (2025)
• CPIA economic management cluster average (1=low to 6=high) — 2.83 (2025)
• CPIA policy and institutions for environmental sustainability rating (1=low to 6=high) — 3 (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Micronesia, Fed. Sts.'s revenue, excluding grants (current LCU)?

110.77 million in 2020, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is up 224.14% from 34.17 million in 2008 (10.3% a year on average, compounded). The highest value was 179.62 million in 2018 and the lowest 34.17 million in 2008.

How does Micronesia, Fed. Sts. rank?

8th highest of 10 economies with data for 2020.

Is the latest change in revenue, excluding grants (current LCU) unusual for Micronesia, Fed. Sts.?

In 2020, Micronesia, Fed. Sts.'s revenue, excluding grants (current LCU) fell 29.9% on 2019 (from 158.06 million to 110.77 million). Across the 11 yearly changes before that (2009 to 2019), the average change was +17% and a typical year strayed about 24.2% from that (the standard deviation). This year's change was 1.9 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 GC.REV.XGRT.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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