Broad money in Micronesia (country)
Micronesia (country): Broad money was 84.9% in 2021. ▲ Rising
Broad money in Micronesia (country), 1995–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Micronesia (country) recorded 84.9% for broad money in 2021. That is the highest value across all 27 years on record.
Compared with earlier readings it is up 9.9% on the previous year and up 120.8% over ten years.
Over the whole period, broad money in Micronesia (country) peaked at 84.9% in 2021 and was at its lowest, 36.3%, in 2006.
Micronesia (country) ranks 38th of 166 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 27 years of available data.
Broad money in Micronesia (country), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 49.0% | — |
| 1996 | 46.9% | -4.3% |
| 1997 | 51.6% | +10.0% |
| 1998 | 49.1% | -4.9% |
| 1999 | 50.6% | +3.1% |
| 2000 | 47.4% | -6.3% |
| 2001 | 48.8% | +2.9% |
| 2002 | 42.7% | -12.4% |
| 2003 | 40.5% | -5.1% |
| 2004 | 41.4% | +2.2% |
| 2005 | 40.2% | -3.1% |
| 2006 | 36.3% | -9.6% |
| 2007 | 37.5% | +3.3% |
| 2008 | 37.5% | +0.1% |
| 2009 | 41.1% | +9.6% |
| 2010 | 39.0% | -5.2% |
| 2011 | 38.4% | -1.5% |
| 2012 | 41.6% | +8.3% |
| 2013 | 46.4% | +11.6% |
| 2014 | 61.5% | +32.5% |
| 2015 | 57.1% | -7.1% |
| 2016 | 66.5% | +16.4% |
| 2017 | 66.7% | +0.3% |
| 2018 | 62.6% | -6.2% |
| 2019 | 63.0% | +0.8% |
| 2020 | 77.2% | +22.5% |
| 2021 | 84.9% | +9.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 49.4% | 46.9% | 51.6% | 5 |
| 2000s | 41.3% | 36.3% | 48.8% | 10 |
| 2010s | 54.3% | 38.4% | 66.7% | 10 |
| 2020s | 81.0% | 77.2% | 84.9% | 2 |
Countries ranked near Micronesia (country)
More financial sector data for Micronesia (country)
- Total reserves in months of imports, annual growth rate 42.22 % change on previous year (2014)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2014)
- Total reserves in months of imports, per capita 0 units per person (2014)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 11.3 % change on previous year (2021)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.874 SDR per US$ of GDP (2021)
- Reserves excluding gold, foreign exchange (SDR), per capita 3,066 SDR per person (2021)
- Reserves excluding gold (SDR), annual growth rate 13.27 % change on previous year (2021)
- Reserves excluding gold (SDR), per capita 3,184 SDR per person (2021)
- Total reserves (gold at market value) (SDR), annual growth rate 13.27 % change on previous year (2021)
- Total reserves (gold at market value) (SDR), per capita 3,184 SDR per person (2021)
Frequently asked questions
- What is broad money in Micronesia (country)?
- Broad money in Micronesia (country) was 84.9% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Micronesia (country)?
- The highest recorded value was 84.9% in 2021.
- What is the lowest broad money recorded in Micronesia (country)?
- The lowest recorded value was 36.3% in 2006.
- How does Micronesia (country) rank for broad money?
- Micronesia (country) ranks 38th out of 166 countries with data for 2021.
- Is broad money rising or falling in Micronesia (country)?
- Over the last ten years it is up 120.8%. The long-run trend across the full record is rising.
- Where does this Micronesia (country) data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.