Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Papua New Guinea
PNGFCBODMFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
14.29%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of branches, excluding headquarters, for deposit-taking microfinance institutions (MFIs) in Papua New Guinea. It provides insights into the geographic reach and accessibility of formal financial services 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Papua New Guinea data series tracks the branch network of MFIs, which are an important component of financial inclusion in developing economies.
Methodology
The data is collected directly from deposit-taking MFIs operating in Papua New Guinea.
Historical Context
This metric is used by policymakers and development organizations to assess the progress of financial inclusion initiatives in the country.
Key Facts
- Papua New Guinea has a large unbanked population.
- MFIs play a crucial role in expanding access to financial services.
- The branch network is a key indicator of financial inclusion progress.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for deposit-taking microfinance institutions (MFIs) in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographic reach and accessibility of formal financial services in Papua New Guinea, which is crucial for understanding financial inclusion progress in the country.
Q: How is this data collected or calculated?
A: The data is collected directly from deposit-taking MFIs operating in Papua New Guinea.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and development organizations to assess the progress of financial inclusion initiatives in Papua New Guinea.
Q: Are there update delays or limitations?
A: The data may be subject to reporting delays by the MFIs and may not capture all institutions operating in the country.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Deposit Taking Microfinance Institutions (MFIs) for Papua New Guinea (PNGFCBODMFNUM), retrieved from FRED.