Financial Institutions Depth Index in Micronesia, Federated States of
Micronesia, Federated States of: Financial Institutions Depth Index was 0.0455 in 2020. β Volatile
Financial Institutions Depth Index in Micronesia, Federated States of, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions depth index in Micronesia, Federated States of stood at 0.0455.
Compared with earlier readings it is up 1.5% on the previous year and up 16.6% over ten years.
Over the whole period, financial institutions depth index in Micronesia, Federated States of peaked at 0.0609 in 1999 and was at its lowest, 0, in 1980.
That places Micronesia, Federated States of 159th out of 183 countries with data for 2020, putting it 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 | 0.0279 | 0 | 0.0609 | 10 |
| 2000s | 0.0412 | 0.0309 | 0.0582 | 10 |
| 2010s | 0.0402 | 0.0366 | 0.0448 | 10 |
| 2020s | 0.0455 | 0.0455 | 0.0455 | 1 |
Countries ranked near Micronesia, Federated States of
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 institutions depth index in Micronesia, Federated States of?
- Financial institutions depth index in Micronesia, Federated States of was 0.0455 in 2020, according to International Monetary Fund.
- What is the highest financial institutions depth index recorded in Micronesia, Federated States of?
- The highest recorded value was 0.0609 in 1999.
- What is the lowest financial institutions depth index recorded in Micronesia, Federated States of?
- The lowest recorded value was 0 in 1980.
- How does Micronesia, Federated States of rank for financial institutions depth index?
- Micronesia, Federated States of ranks 159th out of 183 countries with data for 2020.
- Is financial institutions depth index rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 16.6%. 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 Institutions Depth Index. Statizoid updates them automatically from the source API.
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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.