Non-Bank Financial Institutions' Assets to GDP for Papua New Guinea
DDDI03PGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.30
Year-over-Year Change
106.39%
Date Range
1/1/2009 - 1/1/2020
Summary
This trend measures the total assets held by non-bank financial institutions in Papua New Guinea as a percentage of the country's GDP. It provides insight into the size and importance of the non-banking financial sector.
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
Non-bank financial institutions include insurance companies, pension funds, and other financial intermediaries that are not traditional banks. Tracking their assets relative to GDP offers economists a view of financial sector development and diversification in Papua New Guinea.
Methodology
The data is collected and calculated by the World Bank from national accounts and financial system statistics.
Historical Context
This metric is used by analysts and policymakers to assess the depth and composition of Papua New Guinea's financial system.
Key Facts
- Non-bank assets were 56.4% of PNG's GDP in 2020.
- The non-bank financial sector has grown significantly since the 1990s.
- Insurance companies and pension funds make up the largest non-bank institutions.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total assets held by non-bank financial institutions in Papua New Guinea as a percentage of the country's GDP.
Q: Why is this trend relevant for users or analysts?
A: Tracking non-bank financial assets relative to GDP provides insight into the size and importance of the non-banking financial sector, which is relevant for assessing financial system development and diversification in Papua New Guinea.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank from national accounts and financial system statistics.
Q: How is this trend used in economic policy?
A: This metric is used by analysts and policymakers to assess the depth and composition of Papua New Guinea's financial system, which informs economic development and regulatory policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with a lag of approximately 1-2 years.
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Citation
U.S. Federal Reserve, Non-Bank Financial Institutions' Assets to GDP for Papua New Guinea (DDDI03PGA156NWDB), retrieved from FRED.