Financial System Deposits to GDP for Papua New Guinea
DDDI08PGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.05
Year-over-Year Change
-9.25%
Date Range
1/1/1973 - 1/1/2020
Summary
The Financial System Deposits to GDP ratio measures the size of a country's financial system relative to its economic output. It is an important indicator of financial development and stability.
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 ratio reflects the total value of deposits held by financial institutions as a percentage of the country's Gross Domestic Product. It provides insights into the depth and intermediation role of the financial sector in the overall economy.
Methodology
The data is calculated by the World Bank using national accounts and financial sector data.
Historical Context
Policymakers and analysts use this metric to assess the level of financial inclusion and the capacity of the banking system to mobilize savings and allocate credit.
Key Facts
- Papua New Guinea's Financial System Deposits to GDP ratio was 43.3% in 2020.
- The ratio has increased from 27.8% in 2000, indicating growing financial intermediation.
- Higher ratios are associated with more efficient financial systems and greater economic development.
FAQs
Q: What does this economic trend measure?
A: The Financial System Deposits to GDP ratio measures the size of a country's financial system relative to its overall economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the depth and intermediation role of the financial sector, which is important for assessing financial development and economic growth prospects.
Q: How is this data collected or calculated?
A: The World Bank calculates this ratio using national accounts and financial sector data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the level of financial inclusion and the capacity of the banking system to mobilize savings and allocate credit.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as more complete information becomes available.
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Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Papua New Guinea
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Value of Exports to Papua New Guinea from Georgia
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Number of Identified Exporters to Papua New Guinea from Ohio
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Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Papua New Guinea
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Citation
U.S. Federal Reserve, Financial System Deposits to GDP for Papua New Guinea (DDDI08PGA156NWDB), retrieved from FRED.