Financial system deposits to GDP in Micronesia, Federated States of
Micronesia, Federated States of: Financial system deposits to GDP was 69.9% in 2020. ▲ Rising
Financial system deposits to GDP in Micronesia, Federated States of, 1995–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Micronesia, Federated States of recorded 69.9% for financial system deposits to gdp in 2020. That is the highest value across all 26 years on record.
That represents a change of up 16.7% on the previous year and up 82.2% over ten years.
Over the whole period, financial system deposits to gdp in Micronesia, Federated States of peaked at 69.9% in 2020 and was at its lowest, 35.8%, in 2006.
That places Micronesia, Federated States of 71st out of 185 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Financial system deposits to GDP in Micronesia, Federated States of, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 48.7% | — |
| 1996 | 46.5% | -4.4% |
| 1997 | 51.0% | +9.8% |
| 1998 | 48.5% | -4.9% |
| 1999 | 49.9% | +2.8% |
| 2000 | 46.6% | -6.6% |
| 2001 | 47.8% | +2.6% |
| 2002 | 41.8% | -12.5% |
| 2003 | 39.8% | -4.9% |
| 2004 | 40.6% | +2.1% |
| 2005 | 39.6% | -2.5% |
| 2006 | 35.8% | -9.6% |
| 2007 | 37.0% | +3.2% |
| 2008 | 37.2% | +0.8% |
| 2009 | 40.7% | +9.1% |
| 2010 | 38.4% | -5.7% |
| 2011 | 38.0% | -0.9% |
| 2012 | 41.2% | +8.3% |
| 2013 | 46.0% | +11.5% |
| 2014 | 60.9% | +32.5% |
| 2015 | 56.3% | -7.5% |
| 2016 | 65.5% | +16.2% |
| 2017 | 65.7% | +0.4% |
| 2018 | 61.3% | -6.6% |
| 2019 | 59.9% | -2.3% |
| 2020 | 69.9% | +16.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 48.9% | 46.5% | 51.0% | 5 |
| 2000s | 40.7% | 35.8% | 47.8% | 10 |
| 2010s | 53.3% | 38.0% | 65.7% | 10 |
| 2020s | 69.9% | 69.9% | 69.9% | 1 |
Countries ranked near Micronesia, Federated States of
More financial sector data for Micronesia, Federated States of
- Total reserves in months of imports, annual growth rate 42.22 % change on previous year (2014)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2014)
- Total reserves in months of imports, per capita 0 units per person (2014)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 11.3 % change on previous year (2021)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.874 SDR per US$ of GDP (2021)
- Reserves excluding gold, foreign exchange (SDR), per capita 3,066 SDR per person (2021)
- Reserves excluding gold (SDR), annual growth rate 13.27 % change on previous year (2021)
- Reserves excluding gold (SDR), per capita 3,184 SDR per person (2021)
- Total reserves (gold at market value) (SDR), annual growth rate 13.27 % change on previous year (2021)
- Total reserves (gold at market value) (SDR), per capita 3,184 SDR per person (2021)
Frequently asked questions
- What is financial system deposits to gdp in Micronesia, Federated States of?
- Financial system deposits to gdp in Micronesia, Federated States of was 69.9% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Micronesia, Federated States of?
- The highest recorded value was 69.9% in 2020.
- What is the lowest financial system deposits to gdp recorded in Micronesia, Federated States of?
- The lowest recorded value was 35.8% in 2006.
- How does Micronesia, Federated States of rank for financial system deposits to gdp?
- Micronesia, Federated States of ranks 71st out of 185 countries with data for 2020.
- Is financial system deposits to gdp rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 82.2%. The long-run trend across the full record is rising.
- Where does this Micronesia, Federated States of data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).