Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Papua New Guinea
PNGFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.00
Year-over-Year Change
29.41%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the total number of commercial bank branches, excluding headquarters, in Papua New Guinea. It provides insights into the geographical outreach and accessibility of the country's banking services.
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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Papua New Guinea series tracks the total count of commercial bank branches across the country, excluding the main headquarters locations. This metric reflects the physical presence and distribution of banking services, which is relevant for understanding financial inclusion and the ability of the population to access banking infrastructure.
Methodology
The data is collected and reported by the Central Bank of Papua New Guinea.
Historical Context
This trend is used by policymakers, economists, and financial analysts to assess the development and expansion of the banking sector in Papua New Guinea.
Key Facts
- Papua New Guinea has a population of over 8.9 million people.
- The number of commercial bank branches has grown from 280 in 2010 to 400 in 2020.
- The banking sector in Papua New Guinea is dominated by a few large commercial banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial bank branches, excluding headquarters, in Papua New Guinea. It provides insights into the geographical outreach and accessibility of the country's banking services.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding financial inclusion and the ability of the population to access banking infrastructure in Papua New Guinea. It is used by policymakers, economists, and financial analysts to assess the development and expansion of the banking sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of Papua New Guinea.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and financial analysts to assess the development and expansion of the banking sector in Papua New Guinea, which is relevant for understanding financial inclusion and economic growth.
Q: Are there update delays or limitations?
A: The data is reported by the Central Bank of Papua New Guinea, and there may be occasional delays in updates or limitations in coverage.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Papua New Guinea (PNGFCBODCNUM), retrieved from FRED.