Trade openness in Micronesia (subregion) in 2024 — 110.16%. Since 2002, the indicator has risen by 17.7 pp.
2002–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Micronesia (subregion)
| Year | % | Change, pp |
|---|---|---|
| 2024 | 110.16 | +1.73 pp |
| 2023 | 108.43 | +27.87 pp |
| 2022 | 80.56 | +11.65 pp |
| 2021 | 68.92 | −1.99 pp |
| 2020 | 70.91 | −16.82 pp |
| 2019 | 87.73 | +3.63 pp |
| 2018 | 84.09 | −2.41 pp |
| 2017 | 86.51 | −2.46 pp |
| 2016 | 88.96 | +4.17 pp |
| 2015 | 84.79 | −5.62 pp |
| 2014 | 90.41 | −0.85 pp |
| 2013 | 91.26 | +3.49 pp |
| 2012 | 87.77 | +0.89 pp |
| 2011 | 86.88 | +7.04 pp |
| 2010 | 79.85 | +0.99 pp |
| 2009 | 78.85 | −7.48 pp |
| 2008 | 86.33 | −4.07 pp |
| 2007 | 90.4 | −1.06 pp |
| 2006 | 91.46 | +0.45 pp |
| 2005 | 91 | −3.89 pp |
| 2004 | 94.89 | +6.51 pp |
| 2003 | 88.38 | −4.07 pp |
| 2002 | 92.46 | — |
The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.
Source: World Development Indicators (World Bank), license CC BY 4.0.
Merchandise exports plus imports as a percent of GDP — without services.
Trade Exports (% of GDP)How far the economy is oriented toward external markets.
Trade Imports (% of GDP)How far the economy depends on supplies from abroad.
Trade Trade balanceThe difference between exports and imports of goods and services. A minus means imports are larger.