Micronesia: Lending interest rate
* indicates monthly or quarterly data series
| Micronesia |
Interest rates on bank credit to the private sector |
|---|---|
| Latest value | 12.62 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1995 - 2021 |
| Average | 15.09 |
| Min - Max | 12.62 - 16.38 |
| Source | The World Bank |
The latest value from 2021 is 12.62 percent, a decline from 14.47 percent in 2020. In comparison, the world average is 9.96 percent, based on data from 106 countries. Historically, the average for Micronesia from 1995 to 2021 is 15.09 percent. The minimum value, 12.62 percent, was reached in 2021 while the maximum of 16.38 percent was recorded in 2005.
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* indicates monthly or quarterly data series
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The lending interest rate in Micronesia shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.
Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Lending-deposit interest rate spread | 14.40 | 2020 | interest rate points |
| Non-performing loans | 0.27 | 2021 | percent |
| Bank credit to deposits | 31.30 | 2020 | percent |
| Lending interest rate | 12.62 | 2021 | percent |
| Real interest rate | 10.43 | 2021 | percent |
| Legal rights | 10.00 | 2019 | points |
| Credit information sharing | 0.00 | 2019 | points |