Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Papua New Guinea
PNGFCSODMFXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,000,000.00
Year-over-Year Change
560.00%
Date Range
1/1/2007 - 1/1/2014
Summary
This economic trend tracks the outstanding loans at deposit-taking microfinance institutions (MFIs) in Papua New Guinea. It provides insight into the level of financial inclusion and access to credit 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 Deposit Taking Microfinance Institutions (MFIs) for Papua New Guinea metric measures the total value of loans extended by MFIs to individuals and businesses in the country. It serves as an indicator of financial sector development and access to formal credit channels.
Methodology
The data is collected through surveys of licensed deposit-taking microfinance institutions in Papua New Guinea.
Historical Context
This trend is useful for policymakers and financial sector analysts assessing financial inclusion and credit access in the Papua New Guinean economy.
Key Facts
- Papua New Guinea has a large unbanked population.
- Microfinance institutions play a key role in expanding financial access.
- Loan growth at MFIs signals increasing financial inclusion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans held by deposit-taking microfinance institutions (MFIs) in Papua New Guinea. It provides insight into the level of financial inclusion and access to formal credit in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers, financial sector analysts, and development economists who are interested in understanding financial inclusion and the role of microfinance in expanding access to credit in Papua New Guinea.
Q: How is this data collected or calculated?
A: The data is collected through surveys of licensed deposit-taking microfinance institutions operating in Papua New Guinea.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and regulators to assess the development of the financial sector and progress towards improving financial inclusion in Papua New Guinea.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and availability due to the survey-based data collection process. The trend may not capture all informal or unlicensed microfinance activity in the country.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Deposit Taking Microfinance Institutions (MFIs) for Papua New Guinea (PNGFCSODMFXDC), retrieved from FRED.