Micronesia: Bank credit to deposits

The latest value from 2020 is 31.3 percent, a decline from 36.18 percent in 2019. In comparison, the world average is 86.77 percent, based on data from 155 countries. Historically, the average for Micronesia from 1995 to 2020 is 48.9 percent. The minimum value, 31.3 percent, was reached in 2020 while the maximum of 65.82 percent was recorded in 2000. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The financial resources provided to the private sector by domestic money banks as a share of total deposits. Domestic money banks comprise commercial banks and other financial institutions that accept transferable deposits, such as demand deposits. Total deposits include demand, time and saving deposits in deposit money banks.