Micronesia: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 Micronesia

Financial institutions development, efficiency

 Latest value 0.031
 Year 2021
 Measure index points
 Data availability 1995 - 2021
 Average 0.025
 Min - Max 0.008 - 0.053
 Source International Monetary Fund
The latest value from 2021 is 0.031 index points, an increase from 0.017 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for Micronesia from 1995 to 2021 is 0.025 index points. The minimum value, 0.008 index points, was reached in 2017 while the maximum of 0.053 index points was recorded in 1995. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Micronesia - Financial institutions development, efficiency - Recent values chart

Historical series
Micronesia - Financial institutions development, efficiency - historical chart - 1995-2021




Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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 Related indicators Latest Reference Measure
 Financial development 0.057 2021 index points
 Financial institutions development 0.112 2021 index points
 Financial institutions development, depth 0.045 2021 index points
 Financial institutions development, access 0.196 2021 index points
 Financial institutions development, efficiency 0.031 2021 index points
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