Micronesia: Domestic credit to the private sector

The latest value from 2020 is 22.12 percent, an increase from 21.84 percent in 2019. In comparison, the world average is 61.27 percent, based on data from 151 countries. Historically, the average for Micronesia from 1995 to 2020 is 22.96 percent. The minimum value, 16.32 percent, was reached in 2003 while the maximum of 32.14 percent was recorded in 1999. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.