Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Papua New Guinea
PNGFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
816,000,000.00
Year-over-Year Change
116.68%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the outstanding deposits held at deposit-taking institutions other than the central bank in Papua New Guinea. It provides insight into the overall use of financial services and liquidity levels in the country's economy.
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 Outstanding Deposits at Other Deposit Takers metric tracks the total value of deposits held at commercial banks, credit unions, and other non-central bank deposit-accepting institutions in Papua New Guinea. This data point is used by economists and policymakers to assess the depth and accessibility of the nation's financial system.
Methodology
The data is collected through surveys of deposit-taking institutions in Papua New Guinea.
Historical Context
This metric is closely monitored by the Central Bank of Papua New Guinea and other financial authorities to gauge economic conditions and the impact of monetary policies.
Key Facts
- Papua New Guinea is a developing economy in the South Pacific.
- Deposit-taking institutions play a key role in the country's financial system.
- Monitoring deposit levels helps assess financial inclusion and economic growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at commercial banks, credit unions, and other deposit-taking institutions in Papua New Guinea, excluding the central bank.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and accessibility of Papua New Guinea's financial system, which is important for assessing economic conditions and the impact of monetary policies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of deposit-taking institutions in Papua New Guinea.
Q: How is this trend used in economic policy?
A: The Central Bank of Papua New Guinea and other financial authorities closely monitor this metric to gauge economic conditions and the effectiveness of monetary policies.
Q: Are there update delays or limitations?
A: The data may be subject to occasional reporting delays by deposit-taking institutions in Papua New Guinea.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Papua New Guinea (PNGFCLODDXDC), retrieved from FRED.