Micronesia - Domestic credit to private sector

Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Micronesia was 21.98 as of 2020. Its highest value over the past 25 years was 32.14 in 1999, while its lowest value was 16.32 in 2003.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1995 29.59
1996 27.52
1997 28.13
1998 29.98
1999 32.14
2000 30.69
2001 29.01
2002 20.85
2003 16.32
2004 17.97
2005 19.76
2006 20.68
2007 21.00
2008 19.87
2009 21.09
2010 20.59
2011 19.50
2012 19.34
2013 19.65
2014 21.17
2015 22.83
2016 22.63
2017 22.76
2018 19.82
2019 22.08
2020 21.98

Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Micronesia was 21.98 as of 2020. Its highest value over the past 25 years was 32.14 in 1999, while its lowest value was 16.32 in 2003.

Definition: Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1995 29.59
1996 27.52
1997 28.13
1998 29.98
1999 32.14
2000 30.69
2001 29.01
2002 20.85
2003 16.32
2004 17.97
2005 19.76
2006 20.68
2007 21.00
2008 19.87
2009 21.09
2010 20.59
2011 19.50
2012 19.34
2013 19.65
2014 21.17
2015 22.83
2016 22.63
2017 22.76
2018 19.82
2019 22.08
2020 21.98

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets