Geographical Outreach: Number of Institutions, Other Financial Corporations for Papua New Guinea
PNGFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
50.00%
Date Range
1/1/2004 - 1/1/2015
Summary
This economic trend measures the number of other financial corporations in Papua New Guinea, providing insights into the geographical outreach and diversity of the country's financial 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 Institutions, Other Financial Corporations for Papua New Guinea' metric tracks the total count of non-bank financial institutions, such as insurance companies, pension funds, and investment funds, operating within the Papua New Guinea economy.
Methodology
The data is collected through surveys and census reporting by the Central Bank of Papua New Guinea.
Historical Context
This trend is useful for policymakers and analysts to assess the development and inclusion of the financial services industry across different regions of the country.
Key Facts
- Papua New Guinea has a diverse financial sector beyond traditional banking.
- The number of non-bank financial institutions has grown in recent years.
- Tracking this trend helps identify underserved regions for financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of other financial corporations, such as insurance companies, pension funds, and investment firms, operating in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical outreach and diversity of Papua New Guinea's financial sector, which is important for policymakers and economists assessing financial inclusion and economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and census reporting by the Central Bank of Papua New Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to identify underserved regions and target efforts to improve financial inclusion and the overall development of the financial services industry in Papua New Guinea.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the Central Bank of Papua New Guinea, with potential lags in reporting.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for Papua New Guinea (PNGFCIOFNUM), retrieved from FRED.