Private credit by deposit money banks to GDP in Micronesia, Federated States of
Micronesia, Federated States of: Private credit by deposit money banks to GDP was 21.9% in 2020. ▼ Falling
Private credit by deposit money banks to GDP in Micronesia, Federated States of, 1995–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2020, private credit by deposit money banks to gdp in Micronesia, Federated States of stood at 21.9%.
That represents a change of up 1.0% on the previous year and up 6.3% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Micronesia, Federated States of peaked at 32.1% in 1999 and was at its lowest, 16.3%, in 2003.
That places Micronesia, Federated States of 140th out of 187 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently falling across the 26 years of available data.
Private credit by deposit money banks to GDP in Micronesia, Federated States of, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 29.6% | — |
| 1996 | 27.5% | -7.0% |
| 1997 | 28.1% | +2.2% |
| 1998 | 30.0% | +6.5% |
| 1999 | 32.1% | +7.2% |
| 2000 | 30.7% | -4.5% |
| 2001 | 29.0% | -5.5% |
| 2002 | 20.8% | -28.1% |
| 2003 | 16.3% | -21.7% |
| 2004 | 18.0% | +10.1% |
| 2005 | 19.8% | +9.9% |
| 2006 | 20.7% | +4.6% |
| 2007 | 21.0% | +1.5% |
| 2008 | 19.9% | -5.4% |
| 2009 | 21.1% | +6.1% |
| 2010 | 20.6% | -2.3% |
| 2011 | 19.5% | -5.3% |
| 2012 | 19.3% | -0.8% |
| 2013 | 19.7% | +1.6% |
| 2014 | 21.2% | +7.7% |
| 2015 | 22.8% | +7.9% |
| 2016 | 22.6% | -0.9% |
| 2017 | 22.8% | +0.6% |
| 2018 | 19.8% | -12.9% |
| 2019 | 21.7% | +9.3% |
| 2020 | 21.9% | +1.0% |
Micronesia, Federated States of compared with similar countries
- Micronesia, Federated States of's 21.9% is below the median for upper middle income countries, which is 49.7%, 44% of the median. (55 countries reporting)
- Micronesia, Federated States of's 21.9% is below the median for East Asia & Pacific, which is 71.8%, 30% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29.5% | 27.5% | 32.1% | 5 |
| 2000s | 21.7% | 16.3% | 30.7% | 10 |
| 2010s | 21.0% | 19.3% | 22.8% | 10 |
| 2020s | 21.9% | 21.9% | 21.9% | 1 |
Countries ranked near Micronesia, Federated States of
- 137 Azerbaijan 22.0% compare
- 138 Côte d'Ivoire 21.9% compare
- 139 Guyana 21.9% compare
- 141 Lesotho 21.1% compare
- 142 Lao People's Democratic Republic 20.9% compare
- 143 Syrian Arab Republic 20.7% compare
More financial sector data for Micronesia, Federated States of
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.33 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.62 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.33 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks to gdp in Micronesia, Federated States of?
- Private credit by deposit money banks to gdp in Micronesia, Federated States of was 21.9% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Micronesia, Federated States of?
- The highest recorded value was 32.1% in 1999.
- What is the lowest private credit by deposit money banks to gdp recorded in Micronesia, Federated States of?
- The lowest recorded value was 16.3% in 2003.
- How does Micronesia, Federated States of rank for private credit by deposit money banks to gdp?
- Micronesia, Federated States of ranks 140th out of 187 countries with data for 2020.
- Is private credit by deposit money banks to gdp rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 6.3%. The long-run trend across the full record is falling.
- 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 Private credit by deposit money banks to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks (IFS line 22d); 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).