Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Papua New Guinea
PNGFCBODUKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.12
Year-over-Year Change
-24.29%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the geographical outreach of credit unions and financial cooperatives in Papua New Guinea, tracking the number of branches per 1,000 square kilometers. It provides insights into financial inclusion and access to services in remote areas.
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: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Papua New Guinea' series tracks the spatial distribution of credit union and cooperative branch networks across the country. This indicator is used to assess financial access and the ability of Papua New Guineans to reach these institutions.
Methodology
The data is collected and published by the Bank of Papua New Guinea.
Historical Context
This metric informs policymakers and financial regulators on financial inclusion and the need for infrastructure development.
Key Facts
- Papua New Guinea has a land area of 462,840 sq km.
- The average branch density is 0.31 per 1,000 sq km.
- Outreach is lowest in remote, mountainous regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the geographic distribution of credit union and financial cooperative branch networks in Papua New Guinea, expressed as the number of branches per 1,000 square kilometers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into financial inclusion and access to services, especially in remote areas of Papua New Guinea. It informs policymakers and regulators on the need for infrastructure development.
Q: How is this data collected or calculated?
A: The data is collected and published by the Bank of Papua New Guinea.
Q: How is this trend used in economic policy?
A: This indicator is used by policymakers and financial regulators to assess the state of financial inclusion and access to cooperative banking services across Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is published regularly by the Bank of Papua New Guinea, but there may be delays in reporting from remote regions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Papua New Guinea (PNGFCBODUKNUM), retrieved from FRED.