Net lending (+) / net borrowing (-) (% of GDP) in Micronesia (country)
Micronesia (country): Net lending (+) / net borrowing (-) (% of GDP) was 6.9% in 2020. ◆ Volatile
Net lending (+) / net borrowing (-) in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2020, net lending (+) / net borrowing (-) in Micronesia (country) stood at 6.9%.
Compared with earlier readings it is down 61.6% on the previous year and up 598.4% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Micronesia (country) peaked at 24.9% in 2018 and was at its lowest, 0.4%, in 2011.
Micronesia (country) ranks 7th of 156 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net lending (+) / net borrowing (-) (% of GDP) in Micronesia (country), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 0.6% | — |
| 2009 | 1.8% | +194.6% |
| 2010 | 1.0% | -46.3% |
| 2011 | 0.4% | -60.5% |
| 2012 | 2.5% | +527.5% |
| 2013 | 3.6% | +44.9% |
| 2014 | 13.6% | +281.0% |
| 2015 | 11.3% | -16.5% |
| 2016 | 8.1% | -28.2% |
| 2017 | 13.0% | +59.3% |
| 2018 | 24.9% | +91.7% |
| 2019 | 18.0% | -27.5% |
| 2020 | 6.9% | -61.6% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 6.9% is above the median for upper middle income countries, which is -2.1%. (47 countries reporting)
- Micronesia (country)'s 6.9% is above the median for East Asia & Pacific, which is -1.4%. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.2% | 0.6% | 1.8% | 2 |
| 2010s | 9.6% | 0.4% | 24.9% | 10 |
| 2020s | 6.9% | 6.9% | 6.9% | 1 |
Countries ranked near Micronesia (country)
More public sector data for Micronesia (country)
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Frequently asked questions
- What is net lending (+) / net borrowing (-) in Micronesia (country)?
- Net lending (+) / net borrowing (-) in Micronesia (country) was 6.9% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Micronesia (country)?
- The highest recorded value was 24.9% in 2018.
- What is the lowest net lending (+) / net borrowing (-) recorded in Micronesia (country)?
- The lowest recorded value was 0.4% in 2011.
- How does Micronesia (country) rank for net lending (+) / net borrowing (-)?
- Micronesia (country) ranks 7th out of 156 countries with data for 2020.
- Is net lending (+) / net borrowing (-) rising or falling in Micronesia (country)?
- Over the last ten years it is up 598.4%. The long-run trend across the full record is volatile.
- Where does this Micronesia (country) data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net lending (+) / net borrowing (-) (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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.