Micronesia, Federated States of Deposit Rate
Deposit interest rate FR.INR.DPST
Micronesia, Federated States of's deposit rate was 0.04% in 2021, ranked 5th globally. This represents a 42.9% decrease from 2020. Data from World Bank, covering 1995–2021.
Overview
Micronesia, Federated States of's deposit rate stood at 0.04% in 2021, a decline of +0.03pp from 2020. Micronesia, Federated States of ranked 5th globally.
Micronesia, Federated States of, recorded a deposit rate of 0.04 percent in 2021, placing it fifth lowest worldwide and matching South Sudan’s rate while remaining below Singapore’s 0.12 percent and Hong Kong SAR’s 0.02 percent. The 2021 figure represents the all‑time trough after a 27‑year span that began with a peak of 5.33 percent in 1995, illustrating a dramatic contraction in the cost of bank deposits. This decline mirrors broader regional trends in small island economies where limited domestic savings pools and reliance on external financing have pressured rates downward. The sustained low level suggests that monetary policy is likely maintaining a highly accommodative stance, yet any resurgence in domestic deposit inflows or shifts in external funding conditions could lift rates modestly. Future movements will depend on the pace of financial sector reforms and the extent to which macro‑economic stability improves, potentially altering the current downward trajectory.
Data & projection
| Year | Deposit Rate | YoY change | Rank |
|---|---|---|---|
| 2021 | 0.04% | −0.03pp | #5 |
| 2020 | 0.07% | −0.24pp | #4 |
| 2019 | 0.31% | −0.13pp | #9 |
| 2018 | 0.44% | −0.03pp | #12 |
| 2017 | 0.47% | +0.09pp | #13 |
| 2016 | 0.38% | +0.00pp | #12 |
| 2015 | 0.38% | +0.00pp | #8 |
| 2014 | 0.38% | +0.00pp | #8 |
| 2013 | 0.38% | −0.04pp | #8 |
| 2012 | 0.42% | −0.17pp | #6 |
| 2011 | 0.59% | −0.32pp | #10 |
| 2010 | 0.91% | −0.37pp | #12 |
| 2009 | 1.29% | −1.18pp | #14 |
| 2008 | 2.47% | −0.07pp | #21 |
| 2007 | 2.54% | +0.50pp | #17 |
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 deposit rate improve within 24 months. View full analysis →
Frequently Asked Questions
Micronesia, Federated States of's deposit rate was 0.04% in 2021. Ranked 5th globally. This represents a 42.9% decrease from the previous year.
Micronesia, Federated States of's deposit rate peaked at 5.33% in 1995.
The lowest deposit rate in Micronesia, Federated States of was 0.04% in 2021.
Micronesia, Federated States of ranks 5th globally in deposit rate as of 2021.
The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.
The deposit rate of Micronesia, Federated States of in 2021 was 0.04%. This ranks 5th in the world.
Cite this page
@misc{historysaid_micronesia-federated-states-of_deposit-rate,
title = {Micronesia, Federated States of Deposit Rate},
url = {https://historysaid.com/micronesia-federated-states-of/deposit-rate/},
publisher = {HistorySaid},
year = {2026}
}