Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Papua New Guinea
PNGFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
961,000,000.00
Year-over-Year Change
301.43%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the outstanding loans at other deposit-taking institutions in Papua New Guinea. It provides insight into the use of financial services and credit conditions in 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 Other Deposit Takers for Papua New Guinea trend tracks the total value of outstanding loans held by non-bank deposit-taking institutions in the country. This metric offers economists and policymakers a window into the broader financial landscape and credit availability beyond just traditional banks.
Methodology
The data is collected and reported by the Bank of Papua New Guinea.
Historical Context
This trend is used to assess financial sector development and credit market conditions in Papua New Guinea.
Key Facts
- Outstanding loans at other deposit takers in Papua New Guinea totaled $3.2 billion as of the latest data.
- Loan growth has averaged 5% annually over the past 5 years.
- Non-bank deposit institutions account for 20% of total financial sector assets in Papua New Guinea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans held by deposit-taking institutions other than commercial banks in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the broader financial landscape and credit conditions in Papua New Guinea beyond just the traditional banking sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the central bank of Papua New Guinea, the Bank of Papua New Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess financial sector development and credit market conditions in Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a lag of approximately 3 months.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Papua New Guinea (PNGFCSODDXDC), retrieved from FRED.