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Northern Mariana Islands — GDP growth

Also known as economic growth rate, GDP growth rate, annual growth of the economy, growth rate.

GDP Growth (Annual %) for Northern Mariana Islands, 2003–2022.

Latest value · 2022
16.64%
GDP Growth (Annual %) · annual % · +4749.7% since 2003
Free for any use — attribution is the link itself.

GDP growth for Northern Mariana Islands was 16.64% in 2022, according to the latest World Bank data. The series covers 20 years, from 2003 to 2022. The highest recorded value was 29.21% in 2016. The lowest was -29.06% in 2020 (about -1.7× the latest value). Across that span the compound annual growth rate works out to 22.67% per year.

Northern Mariana Islands ranks 2 of 212 economies on this measure (1 = highest), putting it in the top 1%. The median for East Asia & Pacific is 3.62%, so Northern Mariana Islands sits above it. It peaked in 2016 and has fallen 43% since. Over the last decade (2012–2022) the figure moved up 1953%. Within East Asia & Pacific it ranks 1 of 36 economies; Viet Nam (8.02%) is just below it. Its sharpest one-year move was down 997% in 2004. That is 631% above this series' own ten-year average.

Data highlights

From its 2003 level: doubled by 2010; grown tenfold by 2014. Doubling roughly every 3.4 years at that pace.

World ranking. Climbed: 172nd of 204 in 2003 → 164th of 209 in 2010 → 204th of 209 in 2020 → 4th of 209 in 2022.

Adjacent in the latest world ranking (2 of 212): Guyana (#1) · Libya (#3).

Key figures

Latest (2022)
16.64%
First (2003)
0.34%
Change
+4749.7%
Highest
29.21%
in 2016
Lowest
-29.06%
in 2020
Average
-1.93%
Annual growth (CAGR)
22.67%
Years of data
20

Recent published years. 2022 — 16.64% · 2021 — 4.97% · 2020 — -29.06% · 2019 — -11.45% · 2018 — -19.5%.

Full history — 2003 to 2022

All 20 published years for this series, most recent first. Years the source does not publish are omitted rather than interpolated.

Northern Mariana Islands — GDP growth
Yearannual %Change
202216.64%+11.7 pp
20214.97%+34.0 pp
2020-29.06%-17.6 pp
2019-11.45%+8.0 pp
2018-19.5%-42.7 pp
201723.17%-6.0 pp
201629.21%+25.8 pp
20153.38%-0.8 pp
20144.18%+1.5 pp
20132.68%+1.9 pp
20120.81%+8.2 pp
2011-7.38%-8.8 pp
20101.4%+19.0 pp
2009-17.57%-6.5 pp
2008-11.07%-4.4 pp
2007-6.68%+0.2 pp
2006-6.87%+5.8 pp
2005-12.7%-9.6 pp
2004-3.08%-3.4 pp
20030.34%—
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. 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.

Frequently asked questions

What was Northern Mariana Islands’s GDP growth in 2004?

-3.08% (2004). The full year-by-year table above lists every published year, most recent first.

Are changes in this series measured in percentage points?

Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.

Is Northern Mariana Islands’s GDP growth growing or shrinking?

Between 2003 and 2022 the series was growing overall: +4749.7% in total — about 22.7% a year compounded.

Where does this data come from?

World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.KD.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.

What are the most recent published figures?

The last five published years: 2022: 16.64%; 2021: 4.97%; 2020: -29.06%; 2019: -11.45%; 2018: -19.5%. Earlier years are in the full-history table below.

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Source. World Bank Open Data, indicator NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). 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.
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