National Accounts: Real Total Domestic Demand for Papua New Guinea
PNGNTDDRPCPPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.12
Year-over-Year Change
-129.65%
Date Range
1/1/2013 - 1/1/2020
Summary
The National Accounts: Real Total Domestic Demand for Papua New Guinea measures the total volume of domestic spending on goods and services in the country, adjusted for inflation.
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
This economic indicator represents the combined consumption, investment, and government spending in Papua New Guinea's economy. It is a key measure of domestic economic activity and an important input for macroeconomic analysis and policymaking.
Methodology
The data is collected and calculated by Papua New Guinea's National Statistical Office.
Historical Context
Economists and policymakers monitor this trend to assess the strength of domestic demand and make informed decisions about fiscal and monetary policies.
Key Facts
- Papua New Guinea is a developing country in the Pacific region.
- Domestic demand is a crucial component of the country's economic growth.
- The data is updated quarterly by the National Statistical Office.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of domestic spending on goods and services in Papua New Guinea, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This indicator is an important measure of domestic economic activity and a key input for macroeconomic analysis and policymaking in Papua New Guinea.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Papua New Guinea's National Statistical Office.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the strength of domestic demand and make informed decisions about fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the National Statistical Office, with a typical delay of 3 months.
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Citation
U.S. Federal Reserve, National Accounts: Real Total Domestic Demand for Papua New Guinea (PNGNTDDRPCPPPT), retrieved from FRED.