Private Credit by Deposit Money Banks to GDP for Papua New Guinea
DDDI01PGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.60
Year-over-Year Change
-10.86%
Date Range
1/1/1973 - 1/1/2020
Summary
This economic trend measures the ratio of private credit provided by deposit money banks to the gross domestic product (GDP) in Papua New Guinea. It is a key indicator of financial depth and the role of the banking sector in the economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The private credit to GDP ratio provides insights into the development and intermediation role of the financial sector. It reflects the extent to which the banking system channels funds to the private sector, a critical function for supporting economic growth and investment.
Methodology
The data is collected and calculated by the World Bank using national accounts and monetary survey information.
Historical Context
Policymakers and analysts use this metric to assess financial sector development and the efficiency of credit allocation.
Key Facts
- Papua New Guinea's private credit to GDP ratio was 31.9% in 2020.
- The ratio peaked at 43.6% in 2014 before declining in recent years.
- Access to credit is a major challenge for businesses in Papua New Guinea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks to the gross domestic product (GDP) in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio provides insights into the development and intermediation role of the financial sector, reflecting the extent to which the banking system channels funds to the private sector, which is critical for supporting economic growth and investment.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and monetary survey information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess financial sector development and the efficiency of credit allocation.
Q: Are there update delays or limitations?
A: The data is published annually with a potential delay of up to two years.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks to GDP for Papua New Guinea (DDDI01PGA156NWDB), retrieved from FRED.