Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Papua New Guinea
DDDI12PGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.05
Year-over-Year Change
8.83%
Date Range
1/1/1973 - 1/1/2020
Summary
This economic trend tracks the ratio of private credit provided by deposit money banks and other financial institutions to the gross domestic product (GDP) of Papua New Guinea. It is a key indicator of financial development and intermediation 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 private credit to GDP ratio measures the level of financial intermediation and access to credit within Papua New Guinea's economy. It provides insights into the financial sector's ability to channel funds from savers to borrowers, which is crucial for economic growth and investment.
Methodology
The data is collected and calculated by the World Bank using information from national accounts and financial sector sources.
Historical Context
Policymakers and analysts use this indicator to assess Papua New Guinea's financial development and the private sector's access to credit, which are important for supporting economic activity.
Key Facts
- Papua New Guinea's private credit to GDP ratio was 24.7% in 2020.
- The ratio has increased from 15.4% in 2000, indicating growing financial development.
- Access to credit is important for private investment and economic diversification in Papua New Guinea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of private credit provided by deposit money banks and other financial institutions to the gross domestic product (GDP) of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: The private credit to GDP ratio is a key indicator of financial development and the ability of the financial sector to channel funds from savers to borrowers, which is crucial for supporting economic growth and investment in Papua New Guinea.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using information from national accounts and financial sector sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to assess Papua New Guinea's financial development and the private sector's access to credit, which are important for supporting economic activity.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank with some potential delays in data availability.
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Citation
U.S. Federal Reserve, Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Papua New Guinea (DDDI12PGA156NWDB), retrieved from FRED.