Micronesia: Bank assets to GDP

The latest value from 2020 is 23.03 percent, an increase from 22.89 percent in 2019. In comparison, the world average is 73.52 percent, based on data from 157 countries. Historically, the average for Micronesia from 1995 to 2020 is 23.53 percent. The minimum value, 16.32 percent, was reached in 2003 while the maximum of 32.5 percent was recorded in 1999. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Total assets held by deposit money banks as a share of GDP. Assets include claims on domestic real nonfinancial sector which includes central, state and local governments, nonfinancial public enterprises and private sector. Deposit money banks comprise commercial banks and other financial institutions that accept transferable deposits, such as demand deposits.