Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Papua New Guinea
PNGFCBODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
112.50%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of bank branches, excluding headquarters, operated by other deposit-taking institutions in Papua New Guinea. It provides insights into the geographical reach and accessibility of the country's banking 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
The 'Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers' metric tracks the total number of local bank branches maintained by financial institutions in Papua New Guinea, excluding their main headquarters. This data point is used to analyze the spatial distribution and penetration of banking services across the country.
Methodology
The data is collected through surveys and reports submitted by financial institutions to the central banking authority.
Historical Context
Policymakers and economists monitor this trend to assess the level of financial inclusion and the expansion of banking infrastructure in Papua New Guinea.
Key Facts
- Papua New Guinea has a population of over 8.9 million people.
- The number of bank branches has grown from 280 in 2010 to 420 in 2020.
- Over 60% of the population lives in rural areas with limited access to banking services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of bank branches, excluding headquarters, operated by other deposit-taking institutions in Papua New Guinea. It provides insights into the geographical reach and accessibility of the country's banking sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the level of financial inclusion and the expansion of banking infrastructure in Papua New Guinea, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reports submitted by financial institutions to the central banking authority.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the level of financial inclusion and the expansion of banking infrastructure in Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is updated periodically, but there may be delays in reporting and potential limitations in coverage or accuracy.
Related Trends
Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Papua New Guinea
PNGFCSODUGGDPPT
Liquid Assets to Deposits and Short Term Funding for Papua New Guinea
DDSI06PGA156NWDB
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Papua New Guinea
PNGFCBODNUM
Use of Financial Services, Liabilities: Outstanding Deposits at Credit Unions and Financial Cooperatives for Papua New Guinea
PNGFCLODUXDC
Infant Mortality Rate for Papua New Guinea
SPDYNIMRTINPNG
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Papua New Guinea
DDOI10PGA156NWDB
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for Papua New Guinea (PNGFCBODDNUM), retrieved from FRED.