Micronesia: Financial institutions development

The latest value from 2021 is 0.112 index points, an increase from 0.111 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for Micronesia from 1995 to 2021 is 0.115 index points. The minimum value, 0.086 index points, was reached in 2003 while the maximum of 0.147 index points was recorded in 1995. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.