Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Papua New Guinea
DDOI09PGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.88
Year-over-Year Change
106.92%
Date Range
1/1/1973 - 1/1/2021
Summary
This economic trend measures the total loans from non-resident banks to Papua New Guinea as a percentage of its GDP. It provides insight into the country's foreign financial integration and reliance on external financing.
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 'Loans from Non-Resident Banks, Amounts Outstanding, to GDP' metric represents the value of loans owed by Papua New Guinea to banks located outside the country, expressed as a ratio to its gross domestic product. This data point is used by economists to assess the country's level of financial openness and its dependence on foreign capital.
Methodology
The data is collected and calculated by the World Bank based on reports from central banks and other financial institutions.
Historical Context
This trend is relevant for policymakers and investors to understand Papua New Guinea's integration with global financial markets and its potential vulnerabilities.
Key Facts
- Papua New Guinea's loans from non-resident banks were 7.8% of its GDP in 2020.
- This metric has increased from 4.6% of GDP in 2010.
- Foreign banks hold a significant portion of Papua New Guinea's total outstanding loans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total loans from non-resident banks to Papua New Guinea as a percentage of its GDP, providing insight into the country's foreign financial integration and reliance on external financing.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and investors to understand Papua New Guinea's level of integration with global financial markets and its potential vulnerabilities to external shocks.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on reports from central banks and other financial institutions.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to assess Papua New Guinea's financial openness and dependence on foreign capital, which can inform decisions about economic and financial policies.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays, and the availability and accuracy of the information can vary across countries and time periods.
Related Trends
Balance of Payments: Total Net Current Account for Papua New Guinea
PNGBCAGDPBP6PT
Amount Outstanding Due within One Year of International Debt Securities for Non-financial Corporations Sector, Residence of Issuer in Papua New Guinea
IDS1YMAORINCPG
Value of Exports to Papua New Guinea from Kansas
KSPNGA052SCEN
Number of Identified Exporters to Papua New Guinea from Colorado
COPNGA475SCEN
Value of Exports to Papua New Guinea from Illinois
ILPNGA052SCEN
Population ages 65 and above for Papua New Guinea
SPPOP65UPTOZSPNG
Citation
U.S. Federal Reserve, Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Papua New Guinea (DDOI09PGA156NWDB), retrieved from FRED.