Micronesia, Federated States of Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Micronesia, Federated States of's budget deficit was 6.54% in 2025, ranked 4th globally. This represents a 28.8% decrease from 2024. Data from IMF WEO, covering 1995–2025.
Overview
Micronesia, Federated States of's budget deficit stood at 6.54% in 2025, a decline of +2.65% from 2024. The IMF projects 6.54% by 2025. Micronesia, Federated States of ranked 4th globally.
The Federated States of Micronesia has exhibited a significant budget deficit, with the latest figure standing at 6.54% of GDP, ranking fourth globally. The country's fiscal trajectory has been marked by a substantial increase in its deficit, with the all-time peak of 24.68% recorded in 2018. Conversely, the all-time trough of -15.55% was observed in 2004. Despite being surpassed by countries like South Sudan with a deficit of 6.64%, Micronesia's budgetary challenges remain a concern. The country's reliance on external aid and its vulnerability to economic shocks underscore the need for prudent fiscal management. A decline in external aid or a decrease in economic growth could exacerbate the situation, potentially leading to a further deterioration in the country's fiscal position. A shift towards more sustainable revenue streams, such as diversifying its economy or enhancing domestic revenue mobilization, would be crucial in mitigating the risks associated with Micronesia's budget deficit.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -0.28% | - | - |
| 2029* IMF | 0.09% | - | - |
| 2028* IMF | 0.83% | - | - |
| 2027* IMF | 1.13% | - | - |
| 2026* IMF | 1.49% | - | - |
| 2025* IMF | 6.54% | - | - |
| 2025 | 6.54% | −2.65% | #4 |
| 2024 | 9.19% | −0.26% | #186 |
| 2023 | 9.45% | −7.98% | #187 |
| 2022 | 17.43% | +12.99% | #187 |
| 2021 | 4.44% | −1.98% | #186 |
| 2020 | 6.42% | −13.12% | #188 |
| 2019 | 19.54% | −5.14% | #191 |
| 2018 | 24.68% | +10.20% | #190 |
| 2017 | 14.48% | +7.11% | #189 |
| 2016 | 7.37% | −3.11% | #185 |
| 2015 | 10.48% | −0.75% | #185 |
| 2014 | 11.23% | +8.34% | #187 |
| 2013 | 2.89% | +2.00% | #174 |
| 2012 | 0.90% | +1.48% | #156 |
| 2011 | -0.58% | −1.05% | #137 |
Detected Pattern
Analysis
Micronesia, Federated States of matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Micronesia, Federated States of's budget deficit was 6.54% in 2025. Ranked 4th globally. This represents a 28.8% decrease from the previous year.
Micronesia, Federated States of's budget deficit peaked at 24.68% in 2018.
The lowest budget deficit in Micronesia, Federated States of was -15.55% in 2004.
Micronesia, Federated States of ranks 4th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Micronesia, Federated States of's budget deficit is projected to reach 6.54% by 2025 based on IMF projection.
The budget deficit of Micronesia, Federated States of in 2025 was 6.54%. This ranks 4th in the world.
Cite this page
@misc{historysaid_micronesia-federated-states-of_budget-deficit,
title = {Micronesia, Federated States of Budget Deficit},
url = {https://historysaid.com/micronesia-federated-states-of/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}