Monetary Sector credit to private sector in Micronesia (country)
Micronesia (country): Monetary Sector credit to private sector was 23.4% in 2021. ▼ Falling
Monetary Sector credit to private sector in Micronesia (country), 1995–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Micronesia (country) recorded 23.4% for monetary sector credit to private sector 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, monetary sector credit to private sector in Micronesia (country) peaked at 32.6% in 1999 and was at its lowest, 16.6%, in 2003.
Micronesia (country) ranks 128th of 186 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.
Monetary Sector credit to private sector in Micronesia (country), year by year
| Year | % 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 (country)
More financial sector data for Micronesia (country)
- 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)
- Total reserves (gold at national valuation) (SDR), per capita 3,184 SDR per person (2021)
Frequently asked questions
- What is monetary sector credit to private sector in Micronesia (country)?
- Monetary sector credit to private sector in Micronesia (country) was 23.4% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Micronesia (country)?
- The highest recorded value was 32.6% in 1999.
- What is the lowest monetary sector credit to private sector recorded in Micronesia (country)?
- The lowest recorded value was 16.6% in 2003.
- How does Micronesia (country) rank for monetary sector credit to private sector?
- Micronesia (country) ranks 128th out of 186 countries with data for 2021.
- Is monetary sector credit to private sector rising or falling in Micronesia (country)?
- Over the last ten years it is up 18.9%. The long-run trend across the full record is falling.
- Where does this Micronesia (country) data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% 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, 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. 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.