Current Account Balance: Micronesia, Fed. States of
Micronesia, Fed. States of's current account balance is currently -3.5 % of GDP as of 2026. # Micronesia, Fed.
Current (2026)
-3.5 % of GDP
-288.9% y/y
Peak (2018)
21.4 % of GDP
Low (1997)
-31.1 % of GDP
Source
IMF World Economic Outlook
1995–2026 · 36 pts
Current Account Balance — Micronesia, Fed. States of
1995 — 2026
Current Account Balance — Micronesia, Fed. States of
Analysis# Micronesia, Fed. States of Current Account Balance
Micronesia's current account balance stands at -3.5% of GDP in 2026, reflecting a significant contraction from its all-time peak of 21.4% in 2018. The economy has experienced a 62-percentage-point swing since 1995, when the country faced severe deficits reaching -31.1% of GDP. The current negative position remains modest compared to historical lows, though it signals a departure from the robust surpluses maintained through the late 2010s.
The most dramatic shift occurred between 2019 and 2020, when the current account plummeted from 16.1% to -5.8% of GDP, likely reflecting pandemic-related disruptions. Since then, modest recoveries in 2021-2023 proved temporary, with the balance deteriorating steadily through 2024-2026. Projections suggest continued deterioration, signaling mounting external pressures on Micronesia's small island economy.
Historical Data
36 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -4.6 % of GDP | -4.55% |
| 2029 | -4.4 % of GDP | -22.22% |
| 2028 | -3.6 % of GDP | -2.86% |
| 2027 | -3.5 % of GDP | +0.00% |
| 2026 | -3.5 % of GDP | -288.89% |
| 2025 | -0.9 % of GDP | -181.82% |
| 2024 | 1.1 % of GDP | -71.79% |
| 2023 | 3.9 % of GDP | -56.18% |
| 2022 | 8.9 % of GDP | +286.96% |
| 2021 | 2.3 % of GDP | +139.66% |
| 2020 | -5.8 % of GDP | -136.02% |
| 2019 | 16.1 % of GDP | -24.77% |
| 2018 | 21.4 % of GDP | +105.77% |
| 2017 | 10.4 % of GDP | +42.47% |
| 2016 | 7.3 % of GDP | +62.22% |
| 2015 | 4.5 % of GDP | -27.42% |
| 2014 | 6.2 % of GDP | +162.00% |
| 2013 | -10 % of GDP | +27.01% |
| 2012 | -13.7 % of GDP | +29.38% |
| 2011 | -19.4 % of GDP | -8.38% |
Show all 36 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -17.9 % of GDP | +16.36% |
| 2009 | -21.4 % of GDP | -12.04% |
| 2008 | -19.1 % of GDP | -76.85% |
| 2007 | -10.8 % of GDP | +31.21% |
| 2006 | -15.7 % of GDP | -53.92% |
| 2005 | -10.2 % of GDP | +45.74% |
| 2004 | -18.8 % of GDP | -208.20% |
| 2003 | -6.1 % of GDP | +40.20% |
| 2002 | -10.2 % of GDP | +41.71% |
| 2001 | -17.5 % of GDP | -19.05% |
| 2000 | -14.7 % of GDP | +30.33% |
| 1999 | -21.1 % of GDP | +16.27% |
| 1998 | -25.2 % of GDP | +18.97% |
| 1997 | -31.1 % of GDP | -62.83% |
| 1996 | -19.1 % of GDP | -107.61% |
| 1995 | -9.2 % of GDP | — |
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