Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Papua New Guinea
PNGFCLODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,975,426,204.00
Year-over-Year Change
75.62%
Date Range
1/1/2007 - 1/1/2014
Summary
This economic trend measures the outstanding deposits held at other depository corporations in Papua New Guinea. It is a key indicator of financial services usage and liquidity in the Papua New Guinean 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 Other Depository Corporations for Papua New Guinea tracks the total value of deposits held by the public at banks and similar financial institutions in the country. This metric provides insight into the level of financial intermediation and overall banking activity.
Methodology
The data is collected by the Central Bank of Papua New Guinea through surveys of deposit-taking institutions.
Historical Context
Policymakers and analysts use this trend to assess the health of Papua New Guinea's financial sector and gauge the public's confidence in the banking system.
Key Facts
- Papua New Guinea is a developing Pacific island nation.
- The banking sector plays a vital role in the country's economy.
- Deposit levels indicate consumer trust and liquidity in the financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by the public at banks and other depository institutions in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of financial intermediation and overall activity in Papua New Guinea's banking sector, which is important for assessing the health of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Papua New Guinea through surveys of deposit-taking institutions in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge public confidence in the banking system and monitor the overall liquidity and intermediation in Papua New Guinea's financial sector.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or limitations in coverage due to the challenges of collecting financial data in a developing economy like Papua New Guinea.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Papua New Guinea (PNGFCLODXDC), retrieved from FRED.