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Micronesia, Fed. Sts. — Health spending
Health Spending (% of GDP) for Micronesia, Fed. Sts., 2000–2023.
Latest value · 2023
12.88%
Health Spending (% of GDP) · % of GDP · +65.9% since 2000
Health spending for Micronesia, Fed. Sts. was 12.88% in 2023, according to the latest World Bank data. The series covers 24 years, from 2000 to 2023. The highest recorded value was 17.95% in 2005. The lowest was 7.77% in 2000 (about 1.7× the low point). Across that span the compound annual growth rate works out to 2.22% per year.
Micronesia, Fed. Sts. ranks 7 of 189 economies on this measure (1 = highest), putting it in the top 4%. The median for East Asia & Pacific is 5.94%, so Micronesia, Fed. Sts. sits above it. It peaked in 2005 and has fallen 28% since. Over the last decade (2013–2023) the figure moved up 5%.
Key figures
Latest (2023)
12.88%
First (2000)
7.77%
Change
+65.9%
Highest
17.95%
in 2005
Lowest
7.77%
in 2000
Average
11.87%
Annual growth (CAGR)
2.22%
Years of data
24
Recent years
| Year | % of GDP |
|---|---|
| 2023 | 12.88% |
| 2022 | 12.63% |
| 2021 | 11.37% |
| 2020 | 11.98% |
| 2019 | 11.87% |
| 2018 | 11.94% |
| 2017 | 12.41% |
| 2016 | 13.33% |
| 2015 | 12.62% |
| 2014 | 11.83% |
| 2013 | 12.22% |
| 2012 | 12.39% |
Reading this correctly. Current health expenditure as a share of GDP. Covers both public and private spending on health goods and services. Figures are in % of GDP. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
SH.XPD.CHEX.GD.ZS — Health Spending (% of GDP). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.