Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Papua New Guinea
PNGFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,341,000,000.00
Year-over-Year Change
777.51%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the outstanding loans at commercial banks in Papua New Guinea, providing insights into the use of financial services and lending activity within the country.
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, Assets: Outstanding Loans at Commercial Banks for Papua New Guinea series tracks the total value of outstanding loans held by commercial banks in Papua New Guinea. This metric is used by economists and policymakers to assess the level of lending, credit access, and overall financial intermediation within the country's economy.
Methodology
The data is collected and reported by the Central Bank of Papua New Guinea.
Historical Context
This trend is relevant for monitoring financial sector development and understanding credit conditions that may impact investment, consumption, and economic growth.
Key Facts
- Papua New Guinea is a developing economy in the South Pacific region.
- Commercial bank lending is a key component of the country's financial system.
- Tracking loan volumes can provide insights into credit access and economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by commercial banks in Papua New Guinea, providing insights into the level of lending and financial intermediation in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding credit conditions, financial sector development, and potential impacts on investment, consumption, and economic growth in Papua New Guinea.
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 and economists may use this trend to monitor financial intermediation, assess credit access, and inform decisions related to economic development and financial sector policies in Papua New Guinea.
Q: Are there update delays or limitations?
A: There may be lags in data reporting or availability from the Central Bank of Papua New Guinea, which could impact the timeliness of this economic indicator.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Papua New Guinea (PNGFCSODCXDC), retrieved from FRED.