Interest rate spread in Micronesia, Federated States of
Micronesia, Federated States of: Interest rate spread was 12.6% in 2021. ▲ Rising
Interest rate spread in Micronesia, Federated States of, 1995–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
The most recent figure for interest rate spread in Micronesia, Federated States of is 12.6%, measured in 2021.
That represents a change of down 12.6% on the previous year and down 8.6% over ten years.
Over the whole period, interest rate spread in Micronesia, Federated States of peaked at 15.6% in 2017 and was at its lowest, 9.7%, in 1995.
That places Micronesia, Federated States of 13th out of 140 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently rising across the 27 years of available data.
Interest rate spread in Micronesia, Federated States of, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1995 | 9.7% | — |
| 1996 | 10.4% | +7.8% |
| 1997 | 10.8% | +3.5% |
| 1998 | 11.0% | +2.1% |
| 1999 | 11.4% | +3.8% |
| 2000 | 10.7% | -6.1% |
| 2001 | 12.2% | +13.1% |
| 2002 | 13.8% | +13.6% |
| 2003 | 14.0% | +1.3% |
| 2004 | 14.4% | +2.7% |
| 2005 | 14.8% | +2.7% |
| 2006 | 13.6% | -7.9% |
| 2007 | 11.5% | -15.4% |
| 2008 | 11.9% | +3.6% |
| 2009 | 14.1% | +18.3% |
| 2010 | 14.2% | +0.9% |
| 2011 | 13.8% | -3.2% |
| 2012 | 13.9% | +1.0% |
| 2013 | 15.3% | +10.2% |
| 2014 | 15.3% | +0.0% |
| 2015 | 15.3% | +0.0% |
| 2016 | 15.3% | +0.0% |
| 2017 | 15.6% | +2.0% |
| 2018 | 15.3% | -2.4% |
| 2019 | 14.4% | -5.7% |
| 2020 | 14.4% | +0.1% |
| 2021 | 12.6% | -12.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.7% | 9.7% | 11.4% | 5 |
| 2000s | 13.1% | 10.7% | 14.8% | 10 |
| 2010s | 14.8% | 13.8% | 15.6% | 10 |
| 2020s | 13.5% | 12.6% | 14.4% | 2 |
Countries ranked near Micronesia, Federated States of
- 10 Sierra Leone 14.4% compare
- 11 South Sudan 14.2% compare
- 12 Somalia 13.0%
- 14 Mozambique 11.8% compare
- 15 Angola 11.4% compare
- 16 Mauritania 11.3% compare
More financial sector data for Micronesia, Federated States of
- Total reserves (gold at national valuation) (SDR), annual growth rate 13.27 % change on previous year (2021)
- Total reserves (gold at national valuation) (SDR), per capita 3,184 SDR per person (2021)
- 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)
Frequently asked questions
- What is interest rate spread in Micronesia, Federated States of?
- Interest rate spread in Micronesia, Federated States of was 12.6% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Micronesia, Federated States of?
- The highest recorded value was 15.6% in 2017.
- What is the lowest interest rate spread recorded in Micronesia, Federated States of?
- The lowest recorded value was 9.7% in 1995.
- How does Micronesia, Federated States of rank for interest rate spread?
- Micronesia, Federated States of ranks 13th out of 140 countries with data for 2021.
- Is interest rate spread rising or falling in Micronesia, Federated States of?
- Over the last ten years it is down 8.6%. 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 database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.