Net acquisition of financial assets in Micronesia, Federated States of
Micronesia, Federated States of: Net acquisition of financial assets was 8.4% in 2020. ◆ Volatile
Net acquisition of financial assets in Micronesia, Federated States of, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2020, net acquisition of financial assets in Micronesia, Federated States of stood at 8.4%.
Compared with earlier readings it is down 49.0% on the previous year and up 1,017.9% over ten years.
Over the whole period, net acquisition of financial assets in Micronesia, Federated States of peaked at 20.8% in 2017 and was at its lowest, 0.8%, in 2010.
That places Micronesia, Federated States of 4th out of 134 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net acquisition of financial assets in Micronesia, Federated States of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 3.7% | — |
| 2009 | 2.5% | -32.6% |
| 2010 | 0.8% | -70.0% |
| 2011 | 2.7% | +260.0% |
| 2012 | 5.0% | +84.8% |
| 2013 | 1.9% | -62.2% |
| 2014 | 10.8% | +469.4% |
| 2015 | 14.1% | +30.7% |
| 2016 | 10.3% | -27.2% |
| 2017 | 20.8% | +102.2% |
| 2018 | 19.8% | -4.6% |
| 2019 | 16.5% | -16.5% |
| 2020 | 8.4% | -49.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.1% | 2.5% | 3.7% | 2 |
| 2010s | 10.3% | 0.8% | 20.8% | 10 |
| 2020s | 8.4% | 8.4% | 8.4% | 1 |
Countries ranked near Micronesia, Federated States of
More public sector data for Micronesia, Federated States of
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 62.15 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0158 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2023)
- Tax revenue 7.0% (2020)
- Taxes on income, profits and capital gains 10.9% (2020)
- Taxes on goods and services 3.4% (2020)
- Net investment in nonfinancial assets 10.5% (2020)
- Net lending (+) / net borrowing (-) 6.9% (2020)
- Interest payments 0.4% (2020)
Frequently asked questions
- What is net acquisition of financial assets in Micronesia, Federated States of?
- Net acquisition of financial assets in Micronesia, Federated States of was 8.4% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net acquisition of financial assets recorded in Micronesia, Federated States of?
- The highest recorded value was 20.8% in 2017.
- What is the lowest net acquisition of financial assets recorded in Micronesia, Federated States of?
- The lowest recorded value was 0.8% in 2010.
- How does Micronesia, Federated States of rank for net acquisition of financial assets?
- Micronesia, Federated States of ranks 4th out of 134 countries with data for 2020.
- Is net acquisition of financial assets rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 1,017.9%. The long-run trend across the full record is volatile.
- Where does this Micronesia, Federated States of data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net acquisition of financial assets (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities. 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.