Domestic credit to private sector by banks (% of GDP) in Micronesia (country)
Micronesia (country): Domestic credit to private sector by banks (% of GDP) was 23.4% in 2021. ▼ Falling
Domestic credit to private sector by banks in Micronesia (country), 1995–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Micronesia (country) recorded 23.4% for domestic credit to private sector by banks in 2021.
Compared with earlier readings it is down 3.1% on the previous year and up 18.9% over ten years.
Over the whole period, domestic credit to private sector by banks in Micronesia (country) peaked at 32.6% in 1999 and was at its lowest, 16.6%, in 2003.
That places Micronesia (country) 129th out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Domestic credit to private sector by banks (% of GDP) in Micronesia (country), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 29.8% | — |
| 1996 | 27.8% | -6.8% |
| 1997 | 28.4% | +2.4% |
| 1998 | 30.3% | +6.6% |
| 1999 | 32.6% | +7.5% |
| 2000 | 31.2% | -4.3% |
| 2001 | 29.6% | -5.2% |
| 2002 | 21.3% | -28.1% |
| 2003 | 16.6% | -21.9% |
| 2004 | 18.3% | +10.3% |
| 2005 | 20.0% | +9.3% |
| 2006 | 21.0% | +4.7% |
| 2007 | 21.3% | +1.6% |
| 2008 | 20.0% | -6.0% |
| 2009 | 21.3% | +6.5% |
| 2010 | 20.9% | -1.9% |
| 2011 | 19.7% | -5.9% |
| 2012 | 19.5% | -0.9% |
| 2013 | 19.9% | +1.7% |
| 2014 | 21.4% | +7.7% |
| 2015 | 23.2% | +8.3% |
| 2016 | 23.0% | -0.7% |
| 2017 | 23.1% | +0.5% |
| 2018 | 20.2% | -12.5% |
| 2019 | 22.8% | +12.8% |
| 2020 | 24.2% | +6.0% |
| 2021 | 23.4% | -3.1% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 23.4% is below the median for upper middle income countries, which is 39.8%, 59% of the median. (55 countries reporting)
- Micronesia (country)'s 23.4% is below the median for East Asia & Pacific, which is 65.2%, 36% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.8% | 27.8% | 32.6% | 5 |
| 2000s | 22.1% | 16.6% | 31.2% | 10 |
| 2010s | 21.4% | 19.5% | 23.2% | 10 |
| 2020s | 23.8% | 23.4% | 24.2% | 2 |
Countries ranked near Micronesia (country)
More financial sector data for Micronesia (country)
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.33 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.62 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.33 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Micronesia (country)?
- Domestic credit to private sector by banks in Micronesia (country) was 23.4% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Micronesia (country)?
- The highest recorded value was 32.6% in 1999.
- What is the lowest domestic credit to private sector by banks recorded in Micronesia (country)?
- The lowest recorded value was 16.6% in 2003.
- How does Micronesia (country) rank for domestic credit to private sector by banks?
- Micronesia (country) ranks 129th out of 187 countries with data for 2021.
- Is domestic credit to private sector by banks rising or falling in Micronesia (country)?
- Over the last ten years it is up 18.9%. The long-run trend across the full record is falling.
- Where does this Micronesia (country) data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% 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
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.