Micronesia, Fed. Sts.'s interest rate spread (lending rate minus deposit rate, %) was 12.58% in 2021, the latest year in the World Bank's World Development Indicators. That is down 1.18 percentage points from 13.76% in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 12.58% | 2021 |
| Five years earlier | 15.32% | 2016 |
| Ten years earlier | 13.76% | 2011 |
| Highest | 15.63% | 2017 |
| Lowest | 9.67% | 1995 |
| Average since 2012 | 14.74% | 2012–2021 |
| First recorded | 9.67% | 1995 |
What the numbers say
In 2021, Micronesia, Fed. Sts.'s interest rate spread (lending rate minus deposit rate, %) fell 1.82 percentage points on 2020 (from 14.4% to 12.58%).
Across the 25 yearly changes before that (1996 to 2020), the average change was +0.19 percentage points and a typical year strayed about 0.9 percentage points from that (the standard deviation). This year's change was 2.2 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 2.18 percentage points in 2009 and the biggest yearly fall was 2.09 percentage points in 2007. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 there is no clear straight-line trend: a straight line explains 20% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Micronesia, Fed. Sts. had the 1st highest value of the 10 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Micronesia, Fed. Sts. | 12.58% | 2021 |
| World | 5.98% | 2019 |
| East Asia & Pacific | 5.13% | 2021 |
| Upper middle income | 5.82% | 2025 |
Closest to Micronesia, Fed. Sts. in the 2021 ranking
What this measures
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
Limitations: Countries use a variety of reporting formats, sample designs, interest compounding formulas, averaging methods, and data presentations for indices and other data series on interest rates. The IMF's Monetary and Financial Statistics Manual does not provide guidelines beyond the general recommendation that such data should reflect market prices and effective (rather than nominal) interest rates and should be representative of the financial assets and markets to be covered. For more information, please see http://www.imf.org/external/pubs/ft/mfs/manual/index.htm.
Regional and income-group figures are computed by the World Bank as a median.
All 27 values
| Year | Interest rate spread (lending rate minus deposit rate, %) |
|---|---|
| 2021 | 12.58 |
| 2020 | 14.4 |
| 2019 | 14.39 |
| 2018 | 15.26 |
| 2017 | 15.63 |
| 2016 | 15.32 |
| 2015 | 15.32 |
| 2014 | 15.32 |
| 2013 | 15.32 |
| 2012 | 13.9 |
| 2011 |
Interest rate spread (lending rate minus deposit rate, %) in nearby economies
- Australia — 3.54% (2019)
- Brunei Darussalam — 5.19% (2025)
- China — 2.85% (2024)
- Fiji — 2.85% (2024)
- Hong Kong SAR, China — 4.98% (2025)
- Indonesia — 3.09% (2025)
- Japan — 0.67% (2017)
- Korea, Rep. — 1.46% (2025)
- Macao SAR, China — 5.13% (2025)
More financial sector data for Micronesia, Fed. Sts.
- Official exchange rate (LCU per US$, period average) — US$1 (2025)
- GDP deflator (base year varies by country) — 191.62 (2025)
- DEC alternative conversion factor (LCU per US$) — US$1 (2025)
- Inflation, GDP deflator (annual % growth) — 3.2% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 3.2% (2025)
- GDP deflator, linked series (base year varies by country) — 191.62 (2025)
- Net foreign assets (current LCU) — 0 (2022)
- Domestic credit to private sector by banks (% of GDP) — 23.43% (2021)
- Net domestic credit (current LCU)
Reading data like this
Questions people ask
- What is Micronesia, Fed. Sts.'s interest rate spread (lending rate minus deposit rate, %)?
- 12.58% in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 2.91 percentage points from 9.67% in 1995. The highest value was 15.63% in 2017 and the lowest 9.67% in 1995.
- How does Micronesia, Fed. Sts. rank?
- 1st highest of 10 economies with data for 2021.
- Is the latest change in interest rate spread (lending rate minus deposit rate, %) unusual for Micronesia, Fed. Sts.?
- In 2021, Micronesia, Fed. Sts.'s interest rate spread (lending rate minus deposit rate, %) fell 1.82 percentage points on 2020 (from 14.4% to 12.58%). Across the 25 yearly changes before that (1996 to 2020), the average change was +0.19 percentage points and a typical year strayed about 0.9 percentage points from that (the standard deviation). This year's change was 2.2 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator FR.INR.LNDP, licensed CC BY 4.0. Original source: International Financial Statistics database, 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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