Micronesia FM: Monetary Sector Credit to Private Sector: % of GDP

Micronesia FM: Monetary Sector Credit to Private Sector: % of GDP data was reported at 23.427 % in 2021. This records a decrease from the previous number of 24.170 % for 2020. Micronesia FM: Monetary Sector Credit to Private Sector: % of GDP data is updated yearly, averaging 20.254 % from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 32.573 % in 1999 and a record low of 16.621 % in 2003. Micronesia FM: Monetary Sector Credit to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Micronesia – Table FM.World Bank.WDI: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.;International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD);Weighted average;

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