Financial Development Index in Micronesia, Federated States of
Micronesia, Federated States of: Financial Development Index was 0.0559 in 2020. β Volatile
Financial Development Index in Micronesia, Federated States of, 1980β2020
Source: International Monetary Fund.
Analysis
Micronesia, Federated States of recorded 0.0559 for financial development index in 2020.
Compared with earlier readings it is down 0.9% on the previous year and down 2.4% over ten years.
Over the whole period, financial development index in Micronesia, Federated States of peaked at 0.0716 in 1995 and was at its lowest, 0, in 1980.
Micronesia, Federated States of ranks 179th of 183 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.034 | 0 | 0.0716 | 10 |
| 2000s | 0.0501 | 0.042 | 0.0694 | 10 |
| 2010s | 0.0575 | 0.0546 | 0.0612 | 10 |
| 2020s | 0.0559 | 0.0559 | 0.0559 | 1 |
Countries ranked near Micronesia, Federated States of
- 176 Eritrea, The State of 0.0819 compare
- 177 Sierra Leone 0.0738 compare
- 178 French Polynesia 0.07 compare
- 180 Comoros 0.052 compare
- 181 South Sudan 0.0485 compare
- 182 Congo, Democratic Republic of the 0.0451 compare
More financial sector data for Micronesia, Federated States of
- Net domestic credit (current LCU), per capita 66.38 current LCU per person (2021)
- Net domestic credit (current LCU), per unit of GDP 0.0189 current LCU per US$ of GDP (2021)
- Net domestic credit (current LCU), annual growth rate 101.67 % change on previous year (2021)
- Gold reserves at 35 SDRs per ounce 0 SDR (2021)
- Gold reserves at market value 0 SDR (2021)
- Reserves excluding gold, foreign exchange 342.24 million SDR (2021)
- Reserves excluding gold 355.41 million SDR (2021)
- Total reserves (gold at market value) 355.41 million SDR (2021)
- Total reserves (gold at national valuation) 355.41 million SDR (2021)
- Domestic credit to private sector by banks 23.4% (2021)
Frequently asked questions
- What is financial development index in Micronesia, Federated States of?
- Financial development index in Micronesia, Federated States of was 0.0559 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Micronesia, Federated States of?
- The highest recorded value was 0.0716 in 1995.
- What is the lowest financial development index recorded in Micronesia, Federated States of?
- The lowest recorded value was 0 in 1980.
- How does Micronesia, Federated States of rank for financial development index?
- Micronesia, Federated States of ranks 179th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Micronesia, Federated States of?
- Over the last ten years it is down 2.4%. The long-run trend across the full record is volatile.
- Where does this Micronesia, Federated States of data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
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About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.