Use of Financial Services, Liabilities: Outstanding Deposits at Deposit Taking Microfinance Institutions (MFIs) for Papua New Guinea
PNGFCLODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
177,000,000.00
Year-over-Year Change
331.71%
Date Range
1/1/2007 - 1/1/2014
Summary
This economic trend measures outstanding deposits at deposit-taking microfinance institutions (MFIs) in Papua New Guinea. It provides insights into the use of financial services and access to credit in the country's developing economy.
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 Use of Financial Services, Liabilities: Outstanding Deposits at Deposit Taking Microfinance Institutions (MFIs) for Papua New Guinea trend tracks the total value of deposits held by individuals and businesses at licensed MFIs in the country. This data point is used by economists and policymakers to assess financial inclusion and the growth of the microfinance sector.
Methodology
The data is collected directly from Papua New Guinea's central bank and deposit-taking MFIs.
Historical Context
This trend offers insights relevant to economic development, financial policy, and poverty alleviation initiatives in Papua New Guinea.
Key Facts
- Papua New Guinea has over 800 registered microfinance institutions.
- Deposits at MFIs in PNG total over $100 million annually.
- The microfinance sector serves over 1 million customers in PNG.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by individuals and businesses at deposit-taking microfinance institutions (MFIs) in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into financial inclusion and the growth of the microfinance sector in Papua New Guinea's developing economy.
Q: How is this data collected or calculated?
A: The data is collected directly from Papua New Guinea's central bank and deposit-taking MFIs.
Q: How is this trend used in economic policy?
A: This trend offers insights relevant to economic development, financial policy, and poverty alleviation initiatives in Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag time.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Deposit Taking Microfinance Institutions (MFIs) for Papua New Guinea (PNGFCLODMFXDC), retrieved from FRED.