Central government debt, total in Micronesia (country)
Micronesia (country): Central government debt, total was 103.65 million current LCU in 2020. ▲ Rising
Central government debt, total in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Micronesia (country) recorded 103.65 million current LCU for central government debt, total in 2020.
That represents a change of up 8.9% on the previous year and up 44.5% over ten years.
Over the whole period, central government debt, total in Micronesia (country) peaked at 113.43 million current LCU in 2017 and was at its lowest, 70.02 million current LCU, in 2008.
Micronesia (country) ranks 82nd of 83 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 70.66 million current LCU | 70.02 million current LCU | 71.31 million current LCU | 2 |
| 2010s | 87.77 million current LCU | 71.73 million current LCU | 113.43 million current LCU | 10 |
| 2020s | 103.65 million current LCU | 103.65 million current LCU | 103.65 million current LCU | 1 |
Countries ranked near Micronesia (country)
More public sector data for Micronesia (country)
- Arms imports 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)
- Grants and other revenue 81.0% (2020)
- Interest payments 0.6% (2020)
- Other taxes 0.2% (2020)
Frequently asked questions
- What is central government debt, total in Micronesia (country)?
- Central government debt, total in Micronesia (country) was 103.65 million current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Micronesia (country)?
- The highest recorded value was 113.43 million current LCU in 2017.
- What is the lowest central government debt, total recorded in Micronesia (country)?
- The lowest recorded value was 70.02 million current LCU in 2008.
- How does Micronesia (country) rank for central government debt, total?
- Micronesia (country) ranks 82nd out of 83 countries with data for 2020.
- Is central government debt, total rising or falling in Micronesia (country)?
- Over the last ten years it is up 44.5%. The long-run trend across the full record is rising.
- 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 Central government debt, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.