Financial Sector · Micronesia, Fed. Sts.
Yearly data from 1995 to 2021, from the World Bank.
Micronesia, Fed. Sts.'s real interest rate (%) was 10.57% in 2021, the latest year in the World Bank's World Development Indicators. That is down 1.94 percentage points from 12.51% in 2011.
| Value | Year | |
|---|---|---|
| Latest | 10.57% | 2021 |
| Five years earlier | 11.78% | 2016 |
| Ten years earlier | 12.51% | 2011 |
| Highest | 22.32% | 2015 |
| Lowest | 6.44% | 2018 |
| Average since 2012 | 12.97% | 2012–2021 |
| First recorded | 13.31% | 1995 |
Over five years it is down 1.22 percentage points from 11.78% in 2016. Since 1995 it is down 2.75 percentage points from 13.31% in 1995.
In 2021, Micronesia, Fed. Sts.'s real interest rate (%) fell 8.19 percentage points on 2020 (from 18.76% to 10.57%).
Across the 25 yearly changes before that (1996 to 2020), the average change was +0.22 percentage points and a typical year strayed about 4.78 percentage points from that (the standard deviation). This year's change was 1.8 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 12.14 percentage points in 2019 and the biggest yearly fall was 10.54 percentage points in 2016. 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 2% 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.
In 2021, Micronesia, Fed. Sts. had the 1st highest value of the 11 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.
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
| Year | Real interest rate (%) |
|---|---|
| 2021 | 10.57 |
| 2020 | 18.76 |
| 2019 | 18.58 |
| 2018 | 6.44 |
| 2017 | 7.35 |
| 2016 | 11.78 |
| 2015 | 22.32 |
| 2014 | 12.02 |
| 2013 | 14.96 |
| 2012 | 6.91 |
| 2011 | 12.51 |
| 2010 | 11.08 |
| 2009 | 10.13 |
| 2008 | 8.07 |
| 2007 | 10.81 |
| 2006 | 13.76 |
| 2005 | 14.02 |
| 2004 | 14.26 |
| 2003 | 15.43 |
| 2002 | 15.17 |
| 2001 | 14.07 |
| 2000 | 14.14 |
| 1999 | 16.1 |
| 1998 | 11.64 |
| 1997 | 14.27 |
| 1996 | 12.9 |
| 1995 | 13.31 |
Every indicator for Micronesia, Fed. Sts. is on the Micronesia, Fed. Sts. data page.
World Bank, World Development Indicators, indicator FR.INR.RINR, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators, World Bank (WB) 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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