Economic Policy & Debt · Micronesia, Fed. Sts.
Micronesia, Fed. Sts.: Total reserves, including gold (current US$)
Yearly data from 1995 to 2021, from the World Bank.
Economic Policy & Debt · Micronesia, Fed. Sts.
Yearly data from 1995 to 2021, from the World Bank.
Micronesia, Fed. Sts.'s total reserves, including gold (current US$) was US$497.43 million in 2021, the latest year in the World Bank's World Development Indicators. That is up 562.69% from US$75.06 million in 2011 (20.82% a year on average, compounded).
| Value | Year | |
|---|---|---|
| Latest | US$497.43 million | 2021 |
| Five years earlier | US$156.98 million | 2016 |
| Ten years earlier | US$75.06 million | 2011 |
| Highest | US$497.43 million | 2021 |
| Lowest | US$39.99 million | 2008 |
| Average since 2012 | US$232.11 million | 2012–2021 |
| First recorded | US$69.5 million | 1995 |
Over five years it is up 216.87% from US$156.98 million in 2016 (25.94% a year on average, compounded). Since 1995 it is up 615.74% from US$69.5 million in 1995 (7.86% a year on average, compounded).
In 2021, Micronesia, Fed. Sts.'s total reserves, including gold (current US$) rose 10.1% on 2020 (from US$451.91 million to US$497.43 million).
Across the 25 yearly changes before that (1996 to 2020), the average change was +10.6% and a typical year strayed about 26.5% from that (the standard deviation). This year's change was 0.0 standard deviations below 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 95.1% in 2019 and the biggest yearly fall was 38.8% in 2004. 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 the straight-line trend is upward, about US$48.64 million a year. A straight line explains 88% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.
| Year | Total reserves, including gold (current US$) |
|---|---|
| 2021 | 497,434,120 |
| 2020 | 451,912,609 |
| 2019 | 397,158,245 |
| 2018 | 203,528,219 |
| 2017 | 203,718,874 |
| 2016 | 156,984,836 |
| 2015 | 135,114,898 |
| 2014 | 114,124,950 |
| 2013 | 84,343,096 |
| 2012 | 76,796,330 |
| 2011 | 75,062,413 |
| 2010 | 55,763,851 |
| 2009 | 55,718,614 |
| 2008 | 39,986,225 |
| 2007 | 48,479,466 |
| 2006 | 46,622,758 |
| 2005 | 49,953,309 |
| 2004 | 54,838,730 |
| 2003 | 89,607,067 |
| 2002 | 117,391,173 |
| 2001 | 98,330,198 |
| 2000 | 113,047,176 |
| 1999 | 92,668,898 |
| 1998 | 101,601,919 |
| 1997 | 85,801,084 |
| 1996 | 89,600,208 |
| 1995 | 69,499,661 |
Every indicator for Micronesia, Fed. Sts. is on the Micronesia, Fed. Sts. data page.
World Bank, World Development Indicators, indicator FI.RES.TOTL.CD, 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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