Net lending (+) / net borrowing (-) in Micronesia, Federated States of
Micronesia, Federated States of: Net lending (+) / net borrowing (-) was 6.9% in 2020. ◆ Volatile
Net lending (+) / net borrowing (-) 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 lending (+) / net borrowing (-) in Micronesia, Federated States of 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, Federated States of peaked at 24.9% in 2018 and was at its lowest, 0.4%, in 2011.
Micronesia, Federated States of 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 (-) in Micronesia, Federated States of, 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% |
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, Federated States of
- 4 Lesotho 7.2% compare
- 5 Seychelles 7.2%
- 6 Macau, China 7.0% compare
- 8 Tonga 5.3% compare
- 9 Marshall Islands 5.0% compare
- 10 Ireland 4.4% compare
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)
- Interest payments 0.4% (2020)
- Grants and other revenue 81.0% (2020)
Frequently asked questions
- What is net lending (+) / net borrowing (-) in Micronesia, Federated States of?
- Net lending (+) / net borrowing (-) in Micronesia, Federated States of 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, Federated States of?
- The highest recorded value was 24.9% in 2018.
- What is the lowest net lending (+) / net borrowing (-) recorded in Micronesia, Federated States of?
- The lowest recorded value was 0.4% in 2011.
- How does Micronesia, Federated States of rank for net lending (+) / net borrowing (-)?
- Micronesia, Federated States of ranks 7th out of 156 countries with data for 2020.
- Is net lending (+) / net borrowing (-) rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 598.4%. 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 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.