Bank Lending Deposit Spread for Papua New Guinea
DDEI02PGA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.77
Year-over-Year Change
-10.85%
Date Range
1/1/1983 - 1/1/2019
Summary
The Bank Lending Deposit Spread for Papua New Guinea measures the difference between the lending and deposit interest rates in the country. This metric is a key indicator of the efficiency and competitiveness of the domestic banking sector.
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 bank lending deposit spread represents the difference between the average interest rate charged on loans and the average interest rate paid on deposits by commercial banks. This spread is a closely watched metric that provides insight into the profitability, competition, and efficiency of the local financial system.
Methodology
The data is collected and reported by the World Bank's World Development Indicators program.
Historical Context
Policymakers and analysts use this trend to assess the health and development of Papua New Guinea's banking sector and its impact on economic growth.
Key Facts
- Papua New Guinea's bank lending deposit spread averaged 7.8% from 2010-2020.
- A wider spread indicates less competition and efficiency in the banking sector.
- Reducing the spread is a policy goal to promote financial inclusion and lower borrowing costs.
FAQs
Q: What does this economic trend measure?
A: The Bank Lending Deposit Spread for Papua New Guinea measures the difference between the average interest rate charged on loans and the average interest rate paid on deposits by commercial banks in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the profitability, competition, and efficiency of Papua New Guinea's banking sector, which is crucial for economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the World Bank's World Development Indicators program.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the health and development of Papua New Guinea's banking sector and its impact on economic growth, with the goal of reducing the spread to promote financial inclusion and lower borrowing costs.
Q: Are there update delays or limitations?
A: The World Bank publishes this data annually, so there may be a delay of up to a year in the most recent figures being available.
Related Trends
Number of Identified Exporters to Papua New Guinea from Connecticut
CTPNGA475SCEN
Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Papua New Guinea
PNGFCBODUANUM
Population ages 65 and above for Papua New Guinea
SPPOP65UPTOZSPNG
Amount Outstanding of International Debt Securities for Issuers in General Government Sector, All Maturities, Residence of Issuer in Papua New Guinea
IDSGAMRIAOPG
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Papua New Guinea
PNGFCSODCXDC
External Trade: Volume of Imports of Goods and Services for Papua New Guinea
PNGTMRPCPPPT
Citation
U.S. Federal Reserve, Bank Lending Deposit Spread for Papua New Guinea (DDEI02PGA156NWDB), retrieved from FRED.