Micronesia, Federated States of Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Micronesia, Federated States of's credit to gdp was 23.43% in 2021, ranked 43rd globally. This represents a 3.1% decrease from 2020. Data from World Bank, covering 1995–2021.
Overview
Micronesia, Federated States of's credit to gdp stood at 23.43% in 2021, a decline of +0.74% from 2020. Micronesia, Federated States of ranked 43rd globally.
Micronesia’s credit‑to‑GDP ratio has slipped from a high of 32.57 % in 1999 to a low of 16.62 % in 2003, before stabilising at 23.43 % in 2021, placing the federation 43rd in the World Bank ranking. The early‑2000s trough reflected a contraction in external borrowing amid limited fiscal capacity, while the modest rebound since then suggests a gradual re‑engagement with capital markets. Over the 27‑year series, the indicator remains close to peers such as Mozambique (23.02 %) and Ukraine (23.56 %), indicating a comparable reliance on debt financing among small, developing economies. The recent figure, however, is still well below the 1999 peak, implying that Micronesia has not fully restored its pre‑crisis borrowing level. Continued improvements in fiscal management and diversification of revenue sources could encourage a steadier rise in the credit‑to‑GDP ratio, while heightened external shocks would likely reverse the modest upward trend.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2021 | 23.43% | −0.74% | #43 |
| 2020 | 24.17% | +1.30% | #43 |
| 2019 | 22.87% | +2.54% | #48 |
| 2018 | 20.32% | −2.93% | #39 |
| 2017 | 23.25% | +0.11% | #49 |
| 2016 | 23.14% | −0.16% | #47 |
| 2015 | 23.29% | +1.77% | #47 |
| 2014 | 21.52% | +1.59% | #43 |
| 2013 | 19.93% | +0.33% | #44 |
| 2012 | 19.60% | −0.19% | #44 |
| 2011 | 19.78% | −1.25% | #46 |
| 2010 | 21.04% | −0.48% | #46 |
| 2009 | 21.52% | +1.27% | #52 |
| 2008 | 20.25% | −1.14% | #48 |
| 2007 | 21.40% | +0.31% | #50 |
Detected Pattern
Analysis
Micronesia, Federated States of matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Micronesia, Federated States of's credit to gdp was 23.43% in 2021. Ranked 43rd globally. This represents a 3.1% decrease from the previous year.
Micronesia, Federated States of's credit to gdp peaked at 32.57% in 1999.
The lowest credit to gdp in Micronesia, Federated States of was 16.62% in 2003.
Micronesia, Federated States of ranks 43rd globally in credit to gdp as of 2021.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
The credit to gdp of Micronesia, Federated States of in 2021 was 23.43%. This ranks 43rd in the world.
Cite this page
@misc{historysaid_micronesia-federated-states-of_credit-to-gdp,
title = {Micronesia, Federated States of Credit to GDP},
url = {https://historysaid.com/micronesia-federated-states-of/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}