Domestic credit to private sector by banks in Micronesia, Federated States of
Micronesia, Federated States of: Domestic credit to private sector by banks was 23.4% in 2021. ▼ Falling
Domestic credit to private sector by banks in Micronesia, Federated States of, 1995–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Micronesia, Federated States of 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, Federated States of peaked at 32.6% in 1999 and was at its lowest, 16.6%, in 2003.
That places Micronesia, Federated States of 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 in Micronesia, Federated States of, 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, Federated States of compared with similar countries
- Micronesia, Federated States of's 23.4% is below the median for upper middle income countries, which is 39.8%, 59% of the median. (55 countries reporting)
- Micronesia, Federated States of'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, Federated States of
More financial sector data for Micronesia, Federated States of
- 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, Federated States of?
- Domestic credit to private sector by banks in Micronesia, Federated States of 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, Federated States of?
- The highest recorded value was 32.6% in 1999.
- What is the lowest domestic credit to private sector by banks recorded in Micronesia, Federated States of?
- The lowest recorded value was 16.6% in 2003.
- How does Micronesia, Federated States of rank for domestic credit to private sector by banks?
- Micronesia, Federated States of ranks 129th out of 187 countries with data for 2021.
- Is domestic credit to private sector by banks rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 18.9%. The long-run trend across the full record is falling.
- Where does this Micronesia, Federated States of 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.
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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.