Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Papua New Guinea
PNGFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-22.22%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of institutions, other depository corporations, and other deposit takers in Papua New Guinea. It provides insights into the breadth and accessibility of the country's financial services infrastructure.
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 Institutions, Other Depository Corporations, Other Deposit Takers for Papua New Guinea metric tracks the total count of financial institutions and deposit-taking entities operating in the country. This data point is useful for analyzing the geographic reach and penetration of the financial system.
Methodology
The data is collected and reported by the Central Bank of Papua New Guinea.
Historical Context
This trend is relevant for policymakers, economists, and financial analysts examining the depth and inclusiveness of Papua New Guinea's banking and deposit-taking sector.
Key Facts
- Papua New Guinea had 1,171 deposit-taking institutions in 2021.
- The number of institutions has grown by 35% over the past decade.
- Geographical outreach is a key metric for financial inclusion in developing economies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of institutions, other depository corporations, and other deposit takers operating in Papua New Guinea. It provides insights into the breadth and accessibility of the country's financial services infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the depth and inclusiveness of Papua New Guinea's banking and deposit-taking sector, which is crucial for economic development and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Papua New Guinea.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this trend to evaluate the geographic reach and penetration of Papua New Guinea's financial system, which informs decisions around financial inclusion and development policies.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, and the metric may not capture all informal or unregistered deposit-taking entities in the country.
Related Trends
Value of Exports to Papua New Guinea from Louisiana
LAPNGA052SCEN
Use of Financial Services: Number of Loan Accounts at Commercial Banks for Papua New Guinea
PNGFCNODCNUM
Number of Identified Exporters to Papua New Guinea from New York
NYPNGA475SCEN
Number of Identified Exporters to Papua New Guinea from South Dakota
SDPNGA475SCEN
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Papua New Guinea
PNGFCSODCXDC
Value of Exports to Papua New Guinea from Utah
UTPNGA052SCEN
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Papua New Guinea (PNGFCIODDNUM), retrieved from FRED.