Bank Concentration for Papua New Guinea
DDOI01PGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.49
Year-over-Year Change
-1.51%
Date Range
1/1/2007 - 1/1/2011
Summary
The Bank Concentration for Papua New Guinea metric measures the degree of concentration in the country's banking sector. This indicator is important for policymakers and analysts to assess market competition and financial stability.
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 Bank Concentration metric represents the assets of the three largest commercial banks as a percentage of total commercial banking assets in Papua New Guinea. Higher values indicate a more concentrated banking sector, which can impact lending practices, pricing, and overall financial system resilience.
Methodology
The data is collected and calculated by the World Bank based on information reported by national central banks and financial authorities.
Historical Context
Policymakers and regulators use this metric to evaluate financial sector competitiveness and risks associated with market concentration.
Key Facts
- Papua New Guinea's bank concentration was 82.3% in 2019.
- The banking sector is dominated by 3 major commercial banks.
- High concentration can limit competition and access to finance.
FAQs
Q: What does this economic trend measure?
A: The Bank Concentration for Papua New Guinea metric measures the degree of concentration in the country's commercial banking sector, represented by the assets of the three largest banks as a percentage of total banking assets.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for assessing financial sector competition, stability, and risks associated with market concentration, which can impact lending practices, pricing, and the overall resilience of the banking system.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on information reported by Papua New Guinea's central bank and financial authorities.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this metric to evaluate financial sector competitiveness and monitor risks associated with market concentration, which can inform policies aimed at promoting a stable and efficient banking system.
Q: Are there update delays or limitations?
A: There may be some delay in data reporting and updates from the source, as the information relies on financial authorities providing timely and accurate data to the World Bank.
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Citation
U.S. Federal Reserve, Bank Concentration for Papua New Guinea (DDOI01PGA156NWDB), retrieved from FRED.