Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Papua New Guinea
PNGFCBODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
238.00
Year-over-Year Change
80.30%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of bank branches, excluding headquarters, operated by other depository corporations in Papua New Guinea. It provides insights into the geographical reach and accessibility of the country's financial services.
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 Depository Corporations for Papua New Guinea' tracks the total number of bank branches, not including the main office, operated by non-central bank depository institutions in Papua New Guinea. This metric is used to analyze the extent of financial service coverage and distribution across the country.
Methodology
The data is collected and reported by the Bank of Papua New Guinea.
Historical Context
This trend is relevant for assessing the development and accessibility of the Papua New Guinean financial system.
Key Facts
- Papua New Guinea has a largely rural and decentralized population.
- Bank branch access is considered crucial for financial inclusion.
- Trends in branch numbers can signal changes in financial service availability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of bank branches, excluding headquarters, operated by non-central bank depository institutions in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical reach and accessibility of financial services in Papua New Guinea, which is important for assessing financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank of Papua New Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the distribution and coverage of financial services, which can inform decisions about infrastructure investment and regulations to promote financial inclusion.
Q: Are there update delays or limitations?
A: There may be delays in reporting or potential gaps in coverage, as data collection can be challenging in Papua New Guinea's decentralized and largely rural landscape.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Papua New Guinea (PNGFCBODNUM), retrieved from FRED.