Micronesia, Fed. Sts.'s net domestic credit (current LCU) was 7.41 million in 2021, the latest year in the World Bank's World Development Indicators. That is up 113.05% from -56.77 million in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.41 million | 2021 |
| Five years earlier | -135.86 million | 2016 |
| Ten years earlier | -56.77 million | 2011 |
| Highest | 7.41 million | 2021 |
| Lowest | -444.04 million | 2020 |
| Average since 2012 | -161.55 million | 2012–2021 |
| First recorded | -68.93 million |
What the numbers say
In 2021, Micronesia, Fed. Sts.'s net domestic credit (current LCU) rose 451.45 million on 2020 (from -444.04 million to 7.41 million).
Across the 25 yearly changes before that (1996 to 2020), the average change was −15 million and a typical year strayed about 43.38 million from that (the standard deviation). This year's change was 10.8 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 451.45 million in 2021 and the biggest yearly fall was 186.49 million in 2019. 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 22% 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.
Closest to Micronesia, Fed. Sts. in the 2021 ranking
- Russian Federation — 1st of 3: 80.72 trillion
- Belarus — 2nd of 3: 60.23 billion
What this measures
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. 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.
All 27 values
| Year | Net domestic credit (current LCU) |
|---|---|
| 2021 | 7,410,000 |
| 2020 | -444,041,000 |
| 2019 | -368,778,000 |
| 2018 | -182,285,000 |
| 2017 | -157,480,000 |
| 2016 | -135,858,700 |
| 2015 | -103,017,901 |
| 2014 | -83,297,000 |
| 2013 | -85,907,101 |
| 2012 | -62,274,331 |
| 2011 |
Net domestic credit (current LCU) in nearby economies
- Australia — 5.96 trillion (2025)
- Brunei Darussalam — 6.91 billion (2025)
- Cambodia — 224.95 trillion (2025)
- China — 353.25 trillion (2024)
- Fiji — 12.36 billion (2025)
- Hong Kong SAR, China — 8.18 trillion (2025)
- Indonesia — 11,424.3 trillion (2025)
- Japan — 1,834.69 trillion (2025)
- Korea, Rep. — 5,011.73 trillion (2024)
- Macao SAR, China — 171.42 billion (2025)
- Malaysia
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)
- Monetary sector credit to private sector (% of GDP)
Reading data like this
Questions people ask
- What is Micronesia, Fed. Sts.'s net domestic credit (current LCU)?
- 7.41 million in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 110.75% from -68.93 million in 1995. The highest value was 7.41 million in 2021 and the lowest -444.04 million in 2020.
- Is the latest change in net domestic credit (current LCU) unusual for Micronesia, Fed. Sts.?
- In 2021, Micronesia, Fed. Sts.'s net domestic credit (current LCU) rose 451.45 million on 2020 (from -444.04 million to 7.41 million). Across the 25 yearly changes before that (1996 to 2020), the average change was −15 million and a typical year strayed about 43.38 million from that (the standard deviation). This year's change was 10.8 standard deviations above that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF).
Source
World Bank, World Development Indicators, indicator FM.AST.DOMS.CN, 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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