Micronesia, Fed. Sts.: Central government debt, total (current LCU)

Key figures

What the numbers say

In 2020, Micronesia, Fed. Sts.'s central government debt, total (current LCU) rose 8.9% on 2019 (from 95.16 million to 103.65 million).

Across the 11 yearly changes before that (2009 to 2019), the average change was +3.9% and a typical year strayed about 16.1% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 34.5% in 2017 and the biggest yearly fall was 18.1% in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2011 to 2020 the straight-line trend is upward, about 2.57 million a year. A straight line explains 44% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Micronesia, Fed. Sts. in the 2020 ranking

• Bhutan — 3rd of 6: 202.15 billion
• Bahrain — 4th of 6: 15.04 billion
• Lesotho — 5th of 6: 1.01 billion

What this measures

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 13 values

Central government debt, total (current LCU) in nearby economies

• Australia — 1.35 trillion (2022)
• Korea, Rep. — 1,222.54 trillion (2024)
• Malaysia — 1.25 trillion (2024)
• Marshall Islands — 96.8 million (2019)
• Mongolia — 34.96 trillion (2024)
• New Zealand — 224.61 billion (2024)
• Palau — 240.22 million (2019)
• Papua New Guinea — 61.72 billion (2024)
• Singapore — 1.28 trillion (2024)
• Solomon Islands

More public sector data for Micronesia, Fed. Sts.

• Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 20 (2024)
• Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100) — 54.85 (2024)
• Primary government expenditures as a proportion of original approved budget (%) — 111.52% (2021)
• CPIA business regulatory environment rating (1=low to 6=high) — 2 (2025)
• CPIA debt policy rating (1=low to 6=high) — 3 (2025)
• CPIA economic management cluster average (1=low to 6=high) — 2.83 (2025)
• CPIA policy and institutions for environmental sustainability rating (1=low to 6=high) — 3 (2025)

Reading data like this

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Questions people ask

What is Micronesia, Fed. Sts.'s central government debt, total (current LCU)?

103.65 million in 2020, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is up 48.03% from 70.02 million in 2008 (3.32% a year on average, compounded). The highest value was 113.43 million in 2017 and the lowest 70.02 million in 2008.

Is the latest change in central government debt, total (current LCU) unusual for Micronesia, Fed. Sts.?

In 2020, Micronesia, Fed. Sts.'s central government debt, total (current LCU) rose 8.9% on 2019 (from 95.16 million to 103.65 million). Across the 11 yearly changes before that (2009 to 2019), the average change was +3.9% and a typical year strayed about 16.1% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator GC.DOD.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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