Domestic credit to private sector (% of GDP) (World Development) in Micronesia (country)
Micronesia (country): Domestic credit to private sector (% of GDP) (World Development) was 22.1% in 2020. ▼ Falling
Domestic credit to private sector in Micronesia (country), 1995–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Micronesia (country) is 22.1%, measured in 2020.
The figure is up 1.3% on the previous year and up 7.4% over ten years.
Over the whole period, domestic credit to private sector in Micronesia (country) peaked at 32.1% in 1999 and was at its lowest, 16.3%, in 2003.
That places Micronesia (country) 142nd out of 187 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Domestic credit to private sector (% of GDP) (World Development) in Micronesia (country), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 29.6% | — |
| 1996 | 27.5% | -7.0% |
| 1997 | 28.1% | +2.2% |
| 1998 | 30.0% | +6.6% |
| 1999 | 32.1% | +7.2% |
| 2000 | 30.7% | -4.5% |
| 2001 | 29.0% | -5.5% |
| 2002 | 20.8% | -28.1% |
| 2003 | 16.3% | -21.7% |
| 2004 | 18.0% | +10.1% |
| 2005 | 19.8% | +10.0% |
| 2006 | 20.7% | +4.6% |
| 2007 | 21.0% | +1.6% |
| 2008 | 19.9% | -5.4% |
| 2009 | 21.1% | +6.1% |
| 2010 | 20.6% | -2.4% |
| 2011 | 19.5% | -5.3% |
| 2012 | 19.3% | -0.8% |
| 2013 | 19.7% | +1.6% |
| 2014 | 21.2% | +7.7% |
| 2015 | 22.8% | +7.9% |
| 2016 | 22.6% | -0.9% |
| 2017 | 22.8% | +0.6% |
| 2018 | 19.8% | -12.9% |
| 2019 | 21.8% | +10.2% |
| 2020 | 22.1% | +1.3% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 22.1% is below the median for upper middle income countries, which is 52.0%, 43% of the median. (55 countries reporting)
- Micronesia (country)'s 22.1% is below the median for East Asia & Pacific, which is 105.2%, 21% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.5% | 27.5% | 32.1% | 5 |
| 2000s | 21.7% | 16.3% | 30.7% | 10 |
| 2010s | 21.0% | 19.3% | 22.8% | 10 |
| 2020s | 22.1% | 22.1% | 22.1% | 1 |
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 in Micronesia (country)?
- Domestic credit to private sector in Micronesia (country) was 22.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Micronesia (country)?
- The highest recorded value was 32.1% in 1999.
- What is the lowest domestic credit to private sector recorded in Micronesia (country)?
- The lowest recorded value was 16.3% in 2003.
- How does Micronesia (country) rank for domestic credit to private sector?
- Micronesia (country) ranks 142nd out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Micronesia (country)?
- Over the last ten years it is up 7.4%. The long-run trend across the full record is falling.
- Where does this Micronesia (country) data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.