Micronesia: Non-performing loans

The latest value from 2024 is 2.77 percent, an increase from 1.73 percent in 2023. In comparison, the world average is 4.54 percent, based on data from 126 countries. Historically, the average for Micronesia from 2013 to 2024 is 1.61 percent. The minimum value, 0.5 percent, was reached in 2015 while the maximum of 3.83 percent was recorded in 2016. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The percent non-performing loans in Micronesia reflects the health of the banking system. A higher percent of such loans shows that banks have difficulty collecting interest and principal on their credits. That may lead to less profits for the banks in Micronesia and, possibly, bank closures.