Domestic credit to private sector in Micronesia, Federated States of
Micronesia, Federated States of: Domestic credit to private sector was 23.4% in 2021. ▼ Falling
Domestic credit to private sector in Micronesia, Federated States of, 1995–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Micronesia, Federated States of is 23.4%, measured 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 in Micronesia, Federated States of peaked at 32.6% in 1999 and was at its lowest, 16.6%, in 2003.
Micronesia, Federated States of ranks 132nd of 187 countries on this measure, 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 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% |
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 in Micronesia, Federated States of?
- Domestic credit to private sector 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 recorded in Micronesia, Federated States of?
- The highest recorded value was 32.6% in 1999.
- What is the lowest domestic credit to private sector 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?
- Micronesia, Federated States of ranks 132nd out of 187 countries with data for 2021.
- Is domestic credit to private sector 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 (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.