Starting a business - Score in Micronesia (country)
Micronesia (country): Starting a business - Score was 69.61 in 2019. ▬ Flat
Starting a business - Score in Micronesia (country), 2003–2019
Source: World Bank.
Analysis
In 2019, starting a business - score in Micronesia (country) stood at 69.61.
The figure is up 0.1% on the previous year and down 1.0% over ten years.
Over the whole period, starting a business - score in Micronesia (country) peaked at 75.57 in 2003 and was at its lowest, 67.25, in 2004.
That places Micronesia (country) 175th out of 191 countries with data for 2019, putting it in the bottom quarter.
Starting a business - Score in Micronesia (country), year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 75.57 | — |
| 2004 | 67.25 | -11.0% |
| 2005 | 68.19 | +1.4% |
| 2006 | 70.29 | +3.1% |
| 2007 | 70.16 | -0.2% |
| 2008 | 70.1 | -0.1% |
| 2009 | 70.33 | +0.3% |
| 2010 | 70.05 | -0.4% |
| 2011 | 69.91 | -0.2% |
| 2012 | 69.81 | -0.1% |
| 2013 | 69.66 | -0.2% |
| 2014 | 69.63 | -0.0% |
| 2015 | 69.64 | +0.0% |
| 2016 | 69.73 | +0.1% |
| 2017 | 69.56 | -0.2% |
| 2018 | 69.56 | -0.0% |
| 2019 | 69.61 | +0.1% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 69.61 is below the median for upper middle income countries, which is 86.74, 80% of the median. (56 countries reporting)
- Micronesia (country)'s 69.61 is below the median for East Asia & Pacific, which is 86.39, 81% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 70.27 | 67.25 | 75.57 | 7 |
| 2010s | 69.72 | 69.56 | 70.05 | 10 |
Countries ranked near Micronesia (country)
- 172 Philippines 71.28 compare
- 173 South Sudan 71.01 compare
- 174 Palestine 70.19 compare
- 176 Bolivia 69.36 compare
- 177 Mozambique 69.26 compare
- 178 Ecuador 69.11 compare
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)
- Food exports 99.2% (2013)
- Manufactures exports 0.5% (2013)
- Merchandise exports 109.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 958.81 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.2172 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -41.08 % change on previous year (2025)
Frequently asked questions
- What is starting a business - score in Micronesia (country)?
- Starting a business - score in Micronesia (country) was 69.61 in 2019, according to the World Bank.
- What is the highest starting a business - score recorded in Micronesia (country)?
- The highest recorded value was 75.57 in 2003.
- What is the lowest starting a business - score recorded in Micronesia (country)?
- The lowest recorded value was 67.25 in 2004.
- How does Micronesia (country) rank for starting a business - score?
- Micronesia (country) ranks 175th out of 191 countries with data for 2019.
- Is starting a business - score rising or falling in Micronesia (country)?
- Over the last ten years it is down 1.0%. The long-run trend across the full record is flat.
- Where does this Micronesia (country) data come from?
- The figures come from the World Bank, published as part of Starting a business - Score. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The score for starting a business is the simple average of the scores for each of the component indicators: the procedures, time and cost for an entrepreneur to start and formally operate a business, as well as the paid-in minimum capital requirement.