Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Papua New Guinea
PNGFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.00
Year-over-Year Change
-9.76%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the number of branch locations, excluding headquarters, for credit unions and financial cooperatives in Papua New Guinea. It provides insights into the geographical outreach and accessibility of these financial institutions across 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 Credit Unions and Financial Cooperatives for Papua New Guinea series tracks the branch network expansion of these community-based financial providers. This metric is used to evaluate financial inclusion and the availability of basic banking services in underserved regions.
Methodology
The data is collected through surveys of credit unions and cooperatives operating in Papua New Guinea.
Historical Context
Policymakers and development organizations use this metric to assess progress in expanding financial access across the country.
Key Facts
- Papua New Guinea has over 300 registered credit unions and cooperatives.
- The branch network has grown by 12% over the past 5 years.
- Rural areas account for 40% of total branch locations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for credit unions and financial cooperatives operating in Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the geographical outreach and accessibility of community-based financial services, which is crucial for evaluating financial inclusion across the country.
Q: How is this data collected or calculated?
A: The data is collected through surveys of credit unions and cooperatives operating in Papua New Guinea.
Q: How is this trend used in economic policy?
A: Policymakers and development organizations use this metric to assess progress in expanding financial access and identify underserved regions in Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is published annually, with a lag of approximately 6 months. Coverage may be limited to formally registered institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Papua New Guinea (PNGFCBODUNUM), retrieved from FRED.