Micronesia: Real interest rate
* indicates monthly or quarterly data series
| Micronesia |
Real interest rate: Bank lending rate minus inflation |
|---|---|
| Latest value | 10.43 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1995 - 2021 |
| Average | 12.98 |
| Min - Max | 5.96 - 22.11 |
| Source | The International Monetary Fund |
The latest value from 2021 is 10.43 percent, a decline from 18.86 percent in 2020. In comparison, the world average is 1.66 percent, based on data from 106 countries. Historically, the average for Micronesia from 1995 to 2021 is 12.98 percent. The minimum value, 5.96 percent, was reached in 2018 while the maximum of 22.11 percent was recorded in 2015.
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Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.
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| 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 |