Home Micronesia, Federated States of Government Government Spending

Micronesia, Federated States of Government Spending

Government expenditure as % of GDP  GC.XPN.TOTL.GD.ZS

23.43% −0.28% (-1.2%)
Year 2020 Rank #43 Global Peak 23.71% (2019) Source World Bank

Micronesia, Federated States of Government Spending (2008–2020)

Overview

Micronesia, Federated States of's government spending stood at 23.43% in 2020, a decline of +0.28% from 2019. Micronesia, Federated States of ranked 43rd globally.

Data & projection

Year Government Spending YoY change Rank
2020 23.43% −0.28% #43
2019 23.71% +1.65% #62
2018 22.05% −0.59% #54
2017 22.64% −0.02% #62
2016 22.66% +1.59% #58
2015 21.07% +2.67% #54
2014 18.40% −0.05% #42
2013 18.45% +0.77% #38
2012 17.68% +1.77% #37
2011 15.91% −1.23% #28
2010 17.14% +0.14% #32
2009 17.00% −1.57% #28
2008 18.57% #37

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +10.1% GDP growth 3.1% C/A balance 2.3%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

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 government spending improve within 24 months. View full analysis →

Frequently Asked Questions

What is Micronesia, Federated States of's government spending?

Micronesia, Federated States of's government spending was 23.43% in 2020. Ranked 43rd globally. This represents a 1.2% decrease from the previous year.

What was the highest government spending in Micronesia, Federated States of?

Micronesia, Federated States of's government spending peaked at 23.71% in 2019.

What was the lowest government spending in Micronesia, Federated States of?

The lowest government spending in Micronesia, Federated States of was 15.91% in 2011.

How does Micronesia, Federated States of rank in government spending?

Micronesia, Federated States of ranks 43rd globally in government spending as of 2020.

What is the World Bank indicator code for government spending?

The World Bank indicator code is GC.XPN.TOTL.GD.ZS. Data sourced from World Bank.

What is the government spending of Micronesia, Federated States of in 2020?

The government spending of Micronesia, Federated States of in 2020 was 23.43%. This ranks 43rd in the world.

Cite this page

APA
Micronesia, Federated States of Government Spending. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/micronesia-federated-states-of/government-spending
BibTeX
@misc{historysaid_micronesia-federated-states-of_government-spending, title = {Micronesia, Federated States of Government Spending}, url = {https://historysaid.com/micronesia-federated-states-of/government-spending}, publisher = {HistorySaid}, year = {2026} }