Dealing with construction permits: Cost (% of Warehouse value) in Micronesia (country)
Micronesia (country): Dealing with construction permits: Cost (% of Warehouse value) was 0.6% in 2019. ▼ Falling
Dealing with construction permits: Cost in Micronesia (country), 2005–2019
Source: World Bank. Measured in % of Warehouse value.
Analysis
The most recent figure for dealing with construction permits: cost in Micronesia (country) is 0.6%, measured in 2019.
Compared with earlier readings it is up 20.0% on the previous year and down 25.0% over ten years.
Over the whole period, dealing with construction permits: cost in Micronesia (country) peaked at 0.9% in 2005 and was at its lowest, 0.5%, in 2013.
Micronesia (country) ranks 154th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Dealing with construction permits: Cost (% of Warehouse value) in Micronesia (country), year by year
| Year | % of Warehouse value | Change |
|---|---|---|
| 2005 | 0.9% | — |
| 2006 | 0.8% | -11.1% |
| 2007 | 0.8% | +0.0% |
| 2008 | 0.7% | -12.5% |
| 2009 | 0.8% | +14.3% |
| 2010 | 0.8% | +0.0% |
| 2011 | 0.7% | -12.5% |
| 2012 | 0.6% | -14.3% |
| 2013 | 0.5% | -16.7% |
| 2014 | 0.5% | +0.0% |
| 2015 | 0.5% | +0.0% |
| 2016 | 0.6% | +20.0% |
| 2017 | 0.5% | -16.7% |
| 2018 | 0.5% | +0.0% |
| 2019 | 0.6% | +20.0% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 0.6% is below the median for upper middle income countries, which is 1.8%, 33% of the median. (55 countries reporting)
- Micronesia (country)'s 0.6% is below the median for East Asia & Pacific, which is 2.2%, 27% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8% | 0.7% | 0.9% | 5 |
| 2010s | 0.6% | 0.5% | 0.8% | 10 |
Countries ranked near Micronesia (country)
More private sector data for Micronesia (country)
- Merchandise trade 83.5% (2025)
- Food imports 27.8% (2013)
- Manufactures imports 36.1% (2013)
- Merchandise imports 310.00 million current US$ (2025)
- Commercial service imports 73.61 million current US$ (2014)
- Food exports 99.2% (2013)
- Manufactures exports 0.5% (2013)
- Merchandise exports 109.00 million current US$ (2025)
- Commercial service exports 33.42 million current US$ (2014)
- Merchandise exports (current US$), per capita 958.81 current US$ per person (2025)
Frequently asked questions
- What is dealing with construction permits: cost in Micronesia (country)?
- Dealing with construction permits: cost in Micronesia (country) was 0.6% in 2019, according to the World Bank.
- What is the highest dealing with construction permits: cost recorded in Micronesia (country)?
- The highest recorded value was 0.9% in 2005.
- What is the lowest dealing with construction permits: cost recorded in Micronesia (country)?
- The lowest recorded value was 0.5% in 2013.
- How does Micronesia (country) rank for dealing with construction permits: cost?
- Micronesia (country) ranks 154th out of 188 countries with data for 2019.
- Is dealing with construction permits: cost rising or falling in Micronesia (country)?
- Over the last ten years it is down 25.0%. The long-run trend across the full record is falling.
- Where does this Micronesia (country) data come from?
- The figures come from the World Bank, published as part of Dealing with construction permits: Cost (% of Warehouse value). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The cost records all official costs associated with completing the procedures to legally build a warehouse, including the costs associated with obtaining land use approvals and preconstruction design clearances; receiving inspections before, during and after construction; obtaining utility connections; and registering the warehouse at the property registry. It is calculated as a percentage of the warehouse value. Nonrecurring taxes required for the completion of the warehouse project are also recorded. Sales taxes (such as value added tax) or capital gains taxes are not recorded. Nor are deposits that must be paid up front and are later refunded.