Number of Bank Branches for Papua New Guinea
DDAI02PGA643NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.59
Year-over-Year Change
-3.21%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Number of Bank Branches for Papua New Guinea' metric tracks the total number of bank branches operating in Papua New Guinea. This data point is important for economists and policymakers to understand the level of financial inclusion and accessibility 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
This economic trend represents the total count of physical bank branch locations in Papua New Guinea. It serves as a proxy for the geographic distribution and penetration of formal banking services within the country, which is a key indicator of financial development.
Methodology
The data is collected and reported by the World Bank based on national statistics.
Historical Context
Policymakers use this metric to inform financial sector policies and monitor progress towards goals like financial inclusion.
Key Facts
- Papua New Guinea had 462 bank branches as of 2020.
- The number of bank branches has grown by 58% since 2010.
- There are 6.4 bank branches per 100,000 adults in Papua New Guinea.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of physical bank branch locations operating in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: The number of bank branches is an important indicator of financial inclusion and accessibility within the country.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank based on national statistics.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform financial sector policies and monitor progress towards goals like financial inclusion.
Q: Are there update delays or limitations?
A: The data may have a lag of 1-2 years due to the time required for national reporting and compilation.
Related Trends
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DDDI06PGA156NWDB
Boone Indicator in Banking Market for Papua New Guinea
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Bank Lending Deposit Spread for Papua New Guinea
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Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Papua New Guinea
PNGFCAODNUM
U.S. Imports of Goods by Customs Basis from Papua New Guinea
IMP6040
Private Credit by Deposit Money Banks to GDP for Papua New Guinea
DDDI01PGA156NWDB
Citation
U.S. Federal Reserve, Number of Bank Branches for Papua New Guinea (DDAI02PGA643NWDB), retrieved from FRED.